Safe & Green Holdings Provides Further Update On Planned Spin-Off Of SG DevCo; SG DevCo Fiar Market Value Valued At $74M
Portfolio Pulse from Benzinga Newsdesk
Safe & Green Holdings has provided an update on its planned spin-off of SG DevCo, which has a fair market value of $74M. The new record date for the spin-off has been set for September 8, 2023.
August 31, 2023 | 12:37 pm
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Safe & Green Holdings' planned spin-off of SG DevCo, valued at $74M, could potentially impact the company's stock. The new record date is set for September 8, 2023.
Spin-offs often lead to changes in a company's stock price as they can alter the company's structure and future earnings potential. However, the exact impact on SGBX's stock price will depend on various factors, including investor sentiment and market conditions at the time of the spin-off.
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