Safe & Green Holdings Corp Announces Pricing Of $4M Private Placement Priced At-the-Market Under Nasdaq Rules
Portfolio Pulse from Benzinga Newsdesk
Safe & Green Holdings Corp. (NASDAQ:SGBX) announced a $4M private placement at $2.90 per share, including warrants exercisable at $2.65. The offering, managed by A.G.P./Alliance Global Partners, aims for general corporate purposes and potential debt repayment. Closing is expected around May 7, 2024.
May 06, 2024 | 12:16 pm
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Safe & Green Holdings Corp. announces a $4M private placement, potentially impacting its financial flexibility and stock liquidity.
The private placement could provide Safe & Green Holdings with necessary capital for growth and debt repayment, potentially making the stock more attractive to investors. The inclusion of warrants could dilute existing shares but also indicates investor confidence.
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