Safe & Green Holdings Engages Firm For Sales-Leaseback On Waldron Facility In Durant, OK; Property Appraised At $4.7M Is Intended To Free Up Working Capital
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Safe & Green Holdings Corp. (NASDAQ:SGBX) has engaged Northmarq Capital for a sale-leaseback of its Waldron facility in Durant, OK, appraised at $4.7M. This move aims to free up working capital to support customer demand and expansion strategies.
July 24, 2024 | 12:44 pm
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Safe & Green Holdings Corp. (SGBX) is engaging in a sale-leaseback of its Waldron facility to free up $4.7M in working capital, supporting its expansion and customer demand.
The sale-leaseback will provide Safe & Green Holdings with $4.7M in non-dilutive capital, enhancing its ability to meet growing customer demand and support expansion strategies. This is likely to be viewed positively by investors as it demonstrates effective asset utilization and financial strategy.
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