Safe And Green Development Extend Closing Date Of Sale To June 20, 2024; Reached Agreement With Buyer To Increase Price From $1.35M To $1.4M In Addition, Purchase Price Paid In Cash With Elimination Of $450,000 Promissory Note
Portfolio Pulse from Benzinga Newsdesk
Safe and Green Development has extended the closing date of its sale to June 20, 2024. The company has also reached an agreement with the buyer to increase the sale price from $1.35 million to $1.4 million, with the purchase price to be paid in cash and the elimination of a $450,000 promissory note.
May 21, 2024 | 1:28 pm
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Safe and Green Development has extended the closing date of its sale to June 20, 2024, and increased the sale price to $1.4 million. The purchase price will be paid in cash, eliminating a $450,000 promissory note.
The extension of the closing date provides more time for the transaction, while the increase in sale price and elimination of the promissory note improve the financial terms of the deal. This is likely to be viewed positively by investors.
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