Safe and Green Development Corporation Executes Agreement for Strategic Shift via Acquisition of Resource Group a Next-Generation Engineered Soils and Composting Company
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Safe and Green Development Corporation (NASDAQ: SGD) is acquiring Resource Group US Holdings LLC, a company specializing in engineered soils and composting, for $480,000 in cash, 19% of SGD Restricted Common Stock, and a Convertible Note. The deal is expected to close in Q2 2025.
February 26, 2025 | 2:15 pm
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Safe and Green Development Corporation is acquiring Resource Group US Holdings LLC, marking a strategic shift into engineered soils and composting. The acquisition involves cash, stock, and a convertible note, with the deal expected to close in Q2 2025.
The acquisition represents a strategic shift for SGD into a new market segment, which could enhance its growth prospects. The use of cash, stock, and a convertible note indicates a significant investment, suggesting potential positive impact on SGD's stock price.
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