Safe and Green Development Corporation To Acquire MyVonia, Purchase Price Will Consist Of Up To 500,000 Shares Of SGD Restricted Common Stock
Portfolio Pulse from Benzinga Newsdesk
Safe and Green Development Corporation (NASDAQ:SGD), also known as SG Devco, has announced its agreement to acquire MyVONIA, an AI assistant technology, with the purchase price consisting of up to 500,000 shares of SGD restricted common stock. The acquisition, expected to close in Q2 2024, will integrate MyVONIA's machine learning and natural language processing capabilities into SG Devco's operations, specifically into the Xene AI Real Estate Platform. This move aims to enhance user experience, streamline processes, and provide valuable recurring revenue.
May 07, 2024 | 1:26 pm
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SG Devco's acquisition of MyVONIA is expected to significantly enhance its Xene AI Real Estate Platform, offering advanced AI capabilities to realtors and improving user experience.
The acquisition of MyVONIA by SG Devco is poised to provide significant benefits by integrating advanced AI technology into its real estate platform, potentially leading to increased efficiency, enhanced user experience, and valuable recurring revenue. This strategic move aligns with SG Devco's mission to drive innovation and could positively impact investor sentiment and the company's stock price in the short term.
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