Safe and Green Development Corporation Acquires XENE Real Estate AI Software; Price Of $500,000 In Cash Paid Over 5 Quarters And 500,000 Shares At $1.075M Or $2.15/Share
Portfolio Pulse from Benzinga Newsdesk
Safe and Green Development Corporation (SGD) has acquired XENE Real Estate AI Software for $500,000 in cash, paid over five quarters, and 500,000 shares valued at $1.075 million, or $2.15 per share. Matthew Barstow, CEO & President of MWH, will join SGD as Senior Vice President of Innovation.
February 08, 2024 | 2:07 pm
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SGD acquires XENE Real Estate AI Software, enhancing its tech portfolio. The deal includes $500K cash and 500K shares. Matthew Barstow of MWH joins as SVP of Innovation.
The acquisition of XENE Real Estate AI Software by SGD is likely to be viewed positively by investors, as it enhances SGD's technological capabilities in the real estate sector. The inclusion of Matthew Barstow, a seasoned executive from MWH, as SVP of Innovation could also be seen as a strategic move to bolster the company's innovation pipeline. The financial terms of the deal indicate a significant investment in technology, which could lead to future growth.
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