Safe And Green Development Corp Secures Strategic Investment From Arena Investors, LP And Its Affiliates; The Initial Funding Amount Is $1.38M With The Access To Subsequent Tranches Up To A Total Of $10.27M
Portfolio Pulse from Benzinga Newsdesk
Safe and Green Development Corp (NASDAQ:SGD) has secured a strategic investment from Arena Investors, LP and its affiliates, with an initial funding amount of $1.38M and access to subsequent tranches up to a total of $10.27M. Maxim Group LLC acted as the sole placement agent for the offering.
August 14, 2024 | 1:03 pm
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Safe and Green Development Corp (NASDAQ:SGD) has secured a strategic investment from Arena Investors, LP and its affiliates, with an initial funding amount of $1.38M and access to subsequent tranches up to a total of $10.27M.
The strategic investment from Arena Investors provides Safe and Green Development Corp with significant capital, which can be used for growth and development. The initial funding of $1.38M and potential access to up to $10.27M is likely to positively impact the company's stock price in the short term.
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