SG Blocks

Safe & Green Holdings Corp. is a design and construction services company, which engages in the provision of code engineered cargo shipping containers. It operates through the following segments: Construction, Medical, Development, and Corporate and Support. The Construction Services segment includes the manufacturing of unit SG ECHO and other modules projects. The Medical segment consists of joint venture COVID-19 laboratory operations. The Development segment consists of real property development. The Corporate and Support segment is composed of general corporate expenses such as the executive office, corporate finance, accounting, audit, tax, human resources, risk management, information technology, marketing, and legal groups, corporate overhead, and other items not allocated to any of the company's other segments. The company was founded on December 29, 1993 and is headquartered in Jacksonville, FL.

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Safe & Green Holdings Corp. is a design and construction services company, which engages in the provision of code engineered cargo shipping containers. It operates through the following segments: Construction, Medical, Development, and Corporate and Support. The Construction Services segment includes the manufacturing of unit SG ECHO and other modules projects. The Medical segment consists of joint venture COVID-19 laboratory operations. The Development segment focuses on real property development. The Corporate and Support segment includes general corporate expenses such as the executive office, corporate finance, accounting, audit, tax, human resources, risk management, information technology, marketing, and legal groups, corporate overhead, and other items not allocated to any of the company's other segments. The company was founded on December 29, 1993 and is headquartered in Miami, FL.

Rapid Turnaround and American-Made Quality: SG Echo Completes 45 Military Container Office Units Resulting in Significant Time & Material Savings Rapid Turnaround and American-Made Quality: SG Echo Completes 45 Military Container Office Units Resulting in Significant Time & Material Savings

Safe & Green Holdings Corp. Announces Successful Completion of Two Major Projects for U.S. Government Contractor

MIAMI, FL, Oct. 11, 2024 (GLOBE NEWSWIRE) -- Safe & Green Holdings Corp. (NASDAQ: SGBX) (“Safe & Green Holdings” or the “Company”), a leading developer, designer, and fabricator of modular structures, is pleased to announce that the Company's subsidiary Safe and Green Development Corporation (“SG Devco”) has accepted a preliminary binding purchase commitment from Trio, as Program Administrator for Choctaw American Insurance, Inc. ("Choctaw"), for its development project in South Texas.

Safe & Green Holdings Announces Safe and Green Development Corporation Inks Preliminary Purchase Commitment up to $2.8 million for South Texas Project

Refinance of property with new $4 million loan will support and accelerate ongoing growth initiatives Refinance of property with new $4 million loan will support and accelerate ongoing growth initiatives

Safe & Green Holdings Closes Refinancing of Waldron Facility in Durant, OK

Gross profit increases over four-fold; operating expenses reduced 48% Reports record sales pipeline in excess of $25 million On track to achieve positive cash flow before year-end MIAMI, Aug. 14, 2024 (GLOBE NEWSWIRE) -- Safe & Green Holdings Corp. (NASDAQ: SGBX) (“Safe & Green Holdings” or the “Company”), a leading developer, designer, and fabricator of modular structures, reported results for the three months ended June 30, 2024. Key Highlights: Record sales pipeline in excess of $25 million and positive outlook for H2 2024 Gross profit margin in Q2 2024 increased to 12.7% compared to 0.7% for Q2 2023 Operating expenses declined by $2.7 million in Q2 2024 versus the same period last year Company reaffirms guidance it is on track to achieve positive cash flow before year-end Received a term sheet from a premier lender to refinance the Waldron facility on favorable terms; expected to provide non-dilutive working capital Expected receipt of Employee Retention Tax Credit (ERTC) payment within the next year, which would provide $1.4 million of non-dilutive working capital Promoted David Cross to Executive Vice President of SG Echo, LLC Completed 2024 annual audit by International Code Council (ICC) Evaluation Service and granted recertification of ESR for certification and use of shipping containers in modular construction Expanded agreement to manufacture seven additional container-based electrical distribution centers as part of a multi-unit order for a client serving the big box retailer market Granted an expanded contract, valued in excess of $1 million, to construct an additional 11 container modules and related services for a government contractor to be used by a major U.S. government agency Paul Galvin, Chairperson and Chief Executive Officer of Safe & Green Holdings commented, “We continue to execute our business strategy with a focus on profitable revenue growth and operational efficiency.

Safe & Green Holdings Reports Second Quarter 2024 Results and Provides a Business Update

David Cross, Executive Vice President, SG Echo MIAMI, FL, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Safe & Green Holdings Corp. (NASDAQ: SGBX) (“Safe & Green Holdings” or the “Company”), a leading developer, designer, and fabricator of modular as well as container based  structures, today announced the promotion of David Cross to Executive Vice President of SG Echo, LLC David Cross, a graduate of the Maine Maritime Academy, served as a Deck Officer, predominantly working with Maersk Line Limited. His career led him to managerial roles in intermodal/equipment container control, spanning the United States and China, with the Maersk and COSCO Lines.

Correction: Safe & Green Holdings Corp. Announces Promotion of David Cross to Executive Vice President

David Cross, Executive Vice President, SG Echo MIAMI, FL, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Safe & Green Holdings Corp. (NASDAQ: SGBX) (“Safe & Green Holdings” or the “Company”), a leading developer, designer, and fabricator of modular as well as container based structures, today announced the promotion of David Cross to Executive Vice President of SG Echo, LLC. David Cross, a graduate of the Maine Maritime Academy, served as a Deck Officer, predominantly working with Maersk Line Limited.

Safe & Green Holdings Corp. Announces Promotion of David Cross to Executive Vice President

LaCoste PopUp – Coachella 2012 Miami, FL, July 26, 2024 (GLOBE NEWSWIRE) -- Safe & Green Holdings Corp. (NASDAQ: SGBX) (“Safe & Green Holdings” or the “Company”), a leading developer, designer, and fabricator of modular structures, previously announced in May 2024 that the Company received recertification of its ESR for certification and use of shipping containers in modular construction from the International Code Council (ICC). We are now pleased to announce the company has completed its annual audit for 2024 performed by the ICC Evaluation Service for 2024/2025.

Safe & Green Holdings Announces Approval of 2024 Audit of ESR Certification

Sale-leaseback of property appraised at $4.7 million will support and accelerate ongoing growth initiatives Sale-leaseback of property appraised at $4.7 million will support and accelerate ongoing growth initiatives

Safe & Green Holdings Engages Firm for Sales-Leaseback on Waldron Facility in Durant, OK

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MIAMI, FL, July 12, 2024 (GLOBE NEWSWIRE) -- Safe & Green Holdings Corp. (NASDAQ: SGBX) ("Safe & Green Holdings" or the "Company"), a leading developer, designer, and fabricator of modular structures, announces that Paul Galvin, CEO of the Company, has elected to receive part of his 2023 performance bonus in shares of common stock of the Company in lieu of cash, reiterating his commitment to the Company. Mr. Galvin will receive 69,960 shares of common stock of the Company, which represents approximately $165,805 of Mr. Galvin's $350,000 2023 performance bonus, based on the closing price of the Company's common stock on July 9, 2024.

Safe & Green Holdings Announces Ceo Paul Galvin Elects to Receive Part of 2023 Performance Bonus in Shares

MIAMI, FL, July 05, 2024 (GLOBE NEWSWIRE) -- Safe & Green Holdings Corp. (NASDAQ: SGBX) ("Safe & Green Holdings" or the "Company"), a leading developer, designer, and fabricator of modular structures, announces that its 2024 Annual Meeting of Stockholders (“2024 Annual Meeting”) will be held on September 27, 2024, at 10:00am, Eastern Time, at 45 Rockefeller Center, 20th floor, New York, New York. The Company's Board of Directors has fixed the close of business on August 1, 2024, as the record date for determining those stockholders who are entitled to notice of and to vote at the 2024 Annual Meeting or any adjournment or postponement of the 2024 Annual Meeting.

Safe & Green Holdings Announces Record Date and Meeting Date for the 2024 Annual Shareholders Meeting

Intermodal Electrical Distribution Unit MIAMI, FL, June 25, 2024 (GLOBE NEWSWIRE) -- Safe & Green Holdings Corp. (NASDAQ: SGBX) (“Safe & Green Holdings” or the “Company”), a leading developer, designer, and fabricator of modular structures, announced today that Safe & Green Holdings has received an expansion of an agreement to manufacture seven additional container based electrical distribution centers as part of a multi-unit order for a client serving the big box retailer market. These units are in addition to the four units which the Company has already begun production.

Safe & Green Holdings Announces Expanded Agreement to Produce Modular Electrical Distribution Centers as Part of Multi-Unit Order for Big Box End User

David Cross, Senior Vice President of Sales and Business Development, Safe and Green Holdings MIAMI, Fla, May 29, 2024 (GLOBE NEWSWIRE) -- Safe & Green Holdings Corp. (NASDAQ: SGBX) (“Safe & Green Holdings” or the “Company”), a leading developer, designer, and fabricator of modular as well as container-based structures, today announced the promotion of David Cross to Senior Vice President of Sales and Business Development to reflect his considerable contributions to the Company. David Cross, a graduate of the Maine Maritime Academy, began his career as a Deck Officer, predominantly working with Maersk Line Limited.

Safe & Green Holdings Corp. Announces Promotion of David Cross to Senior VP of Sales and Business Development

Reaffirms containers' compliance with stringent safety and performance standards; ensures compliance with building codes Reaffirms containers' compliance with stringent safety and performance standards; ensures compliance with building codes

Safe & Green Holdings Receives Crucial International Code Council (ICC), Recertification for Use of Shipping Containers in Modular Construction

$8 million in new business at SG Echo subsidiary; Anticipates cash flow positivity at the factory in 2024 Cost-Saving Initiatives Expected to Save $2.5 Million in Annualized Expenses to be Recognized in 2024 MIAMI, May 17, 2024 (GLOBE NEWSWIRE) -- Safe & Green Holdings Corp. (NASDAQ: SGBX) (“Safe & Green Holdings” or the “Company”), a leading developer, designer, and fabricator of modular structures, reported results for the three months ended March 31, 2024. Recent Highlights: Received an expanded scope of work for a contract with a government contractor to refurbish 19 container modules for a major U.S. agency, adding an extra $1 million to build 11 additional military office containers.

Safe & Green Holdings Reports First Quarter 2024 Results and Provides a Business Update

Modular office containers MIAMI, May 10, 2024 (GLOBE NEWSWIRE) -- Safe & Green Holdings Corp. (NASDAQ: SGBX) (“Safe & Green Holdings” or the “Company”), a leading developer, designer, and fabricator of modular structures, today announced that a current military contract has been increased again, as of May 9, 2024, by approximately $1.0 million, with more than $900,000 of that change order being allocated to 11 new office containers. Paul Galvin, Chairperson and CEO of Safe and Green Holdings, stated, "I am excited to announce that a principal government contractor has augmented our original agreement, which involved refurbishing 19 modular units, to now include the construction of 11 new build modular office containers.

Safe & Green Holdings Contract with Government Contractor Increased by Approximately $1 Million to Construct 11 Additional Military Office Containers

Refurbished Container Modules MIAMI, May 09, 2024 (GLOBE NEWSWIRE) -- Safe & Green Holdings Corp. (NASDAQ: SGBX) (“Safe & Green Holdings” or the “Company”), a leading developer, designer, and fabricator of modular structures, today announced it has received an expanded scope of work from a government contractor for a previously announced contract to refurbish 15 container modules to be used by a major U.S. government agency. Paul Galvin, Chairperson and CEO of Safe and Green Holdings stated, “We are always honored to work on behalf of our great military, directly and through other contractors.

Safe & Green Holdings Receives Expanded Scope of Work for Contract with Government Contractor to Refurbish 15 Container Modules for a Major U.S. Agency

Reports 30% Increase in Construction Services Revenue Compared to 2022 Completed Successful Spin-Out of Safe and Green Development Corporation as a Nasdaq Listed Publicly Traded Company Cost-Saving Initiatives Expected to Save $2.5 Million in Annualized Expenses to be Recognized in 2024 Partnering with Tunnel to Towers Foundation to Construct Travelling Modular Home to Showcase Foundation's Homeless Veteran Program MIAMI, May 08, 2024 (GLOBE NEWSWIRE) -- Safe & Green Holdings Corp. (NASDAQ: SGBX) ("Safe & Green Holdings" or the "Company"), a leading developer, designer, and fabricator of modular structures, reported results for the year ended December 31, 2023. Recent Highlights: Achieves 30% year-over-year increase in construction services revenue for the year ended December 31, 2023 Executed a Master Purchase Agreement (MPA) with Safe and Green Development Corporation ("SG DevCo") (NASDAQ: SGD), the Company's real estate development subsidiary where SG DevCo has engaged SG Echo to manufacture modular units for its planned real estate development projects, including design, engineering, fabrication, delivery, and installation of the modular systems; expected initial value of the MPA to be in excess of $140 million in net revenue over a multi-year period Received new contract from a government contractor to refurbish 19 container modules to be used by a major U.S. government agency that the Company originally built Entered into a non-binding Letter of Intent (LOI) to design, build, and operate an 800-unit supportive housing community for veterans, first responders, and others who are disabled from their service and interested in manufacturing work, as well as their families Entered into a design-build contract with Hostel Cubed, to produce their first modular camping cube for the California Coast, the "Coastal Camping Cube" Received a purchase order to provide additional modular units to an existing infrastructure solutions customer Selected by the Tunnel to Towers Foundation to construct a traveling modular home, the Comfort Home Show model, designed to showcase the foundation's Homeless Veteran Program "In 2023, Safe & Green Holdings experienced a robust increase in revenue from construction services, achieving a significant 30% increase compared to 2022," commented Paul Galvin, Chairperson and Chief Executive Officer of Safe and Green Holdings.

Safe & Green Holdings Reports Year-End 2023 Results

Safe & Green Holdings Corp. shares skyrocketed 86.7% Friday, a day after the design- and construction-services company completed its reverse stock split.

Shares of nanocap Safe & Green Holdings skyrocket in ‘insane' move

Safe & Green Holdings' Subsidiary, SG Echo, to Deliver First Eco-Friendly Modular Unit to Prominent Quick-Service Restaurant Customer in the Pacific Northwest

Units granted AC 462 designation by the International Code Council, certifying them as safe and efficient building materials Units granted AC 462 designation by the International Code Council, certifying them as safe and efficient building materials

Safe and Green Holdings Announces Collaboration and Sales of Modular Units to Britten Inc.

Miami FL, April 30, 2024 (GLOBE NEWSWIRE) -- Safe & Green Holdings Corp. (NASDAQ: SGBX) (“Safe & Green Holdings” or the “Company”), a leading developer, designer, and fabricator of modular structures for residential, commercial, and point-of-care medicine, today announced a planned reverse stock split of its shares of common stock at a ratio of 1-for-20. The reverse stock split will take effect as of 12:01 a.m. ET, on Thursday, May 2, 2024, and shares of Safe and Green Holdings will trade on a post-split basis on Nasdaq under the existing trading symbol, “SGBX,” at the market open on May 2, 2024.

Correction: Safe & Green Holdings Corp Announces Reverse Split of the Company's Common Stock

Safe & Green Holdings Corp Announces Reverse Split of the Company's Common Stock

Miami, FL, April 25, 2024 (GLOBE NEWSWIRE) -- Safe & Green Holdings Corp. (NASDAQ: SGBX) (“Safe & Green Holdings” or the “Company”), a leading developer, designer, and fabricator of modular structures, announced today that Safe and Green Holdings has entered into an agreement to manufacture four container based electrical distribution centers as part of a multi-unit order for a client serving the big box retailer market.

Safe & Green Holdings Announces it Has Entered Into an Agreement to Produce Four Modular Electrical Distribution Centers as Part of a Multi-Unit Order for a Client Serving the Big Box Retailer Market

Miami, FL, April 24, 2024 (GLOBE NEWSWIRE) -- Safe & Green Holdings Corp. (NASDAQ: SGBX)( Safe & Green Holdings” or the “Company”), a leading developer, designer, and fabricator of modular structures for residential, commercial, and point-of-care medicine, today announced that the Company received a letter from the Nasdaq Listing Qualifications (the “Letter”), indicating that since the Company has not yet filed its Form 10-K for the year ended December 31, 2023, the Company is not in compliance with the continued listing requirement set forth in Nasdaq Listing Rule 5250(c)(1), which requires listed companies to timely file periodic financial reports with the Securities and Exchange Commission. Under the Letter, the Company now has 60 calendar days to submit a plan to regain compliance and if the plan is accepted, the Company can be granted an exception of up to 180 days from the Filing's due date, or until October 14, 2024, to regain compliance. The Company plans to file its Form 10-K imminently.

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