Safe & Green Development Corp/FL

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Safe & Green Development Corp. provides real estate development services. It focuses on the development of sites using purpose built, prefabricated modules built from both wood & steel, sourced from one of Safe & Green Holdings factories and operated by SG Echo. The company was founded in 2021 and is headquartered in Miami, FL.

MIAMI, FL, May 09, 2024 (GLOBE NEWSWIRE) -- Safe and Green Development Corporation (NASDAQ: SGD) (“SG Devco” or the “Company”) is pleased to announce its partnership with Aﬀiliated Services Group (ASG) to offer mortgage banking related services on its innovative Xene platform across 49 states in the U.S.  ASG, an industry leader in mortgage banking services, is bringing its extensive experience and expertise to this venture. By joining forces with SG Devco, ASG is further solidifying its commitment to providing top-notch, sustainable financial solutions to homeowners nationwide. This collaboration will allow both companies to deliver seamless and eﬀicient mortgage services to customers across the United States.

Safe and Green Development Corporation Inks Partnership to Provide Mortgage Services via the Xene Platform Across 49 States in the U.S

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MIAMI, Fla, May 07, 2024 (GLOBE NEWSWIRE) -- Safe and Green Development Corporation (NASDAQ: SGD) (“SG Devco” or the “Company”) is pleased to announce that it has entered into an agreement to acquire MyVONIA, an advanced artificial intelligence (AI) assistant, subject to certain closing conditions. Closing is expected during the second quarter of 2024. MyVONIA utilizes machine learning and natural language processing algorithms to provide users with human-like conversational interactions, tailored to their specific needs. MyVONIA does not require an app, or website but is accessible to subscribers via text messaging.

Safe and Green Development Corporation to Acquire MyVonia, a Cutting-Edge AI Asset

MIAMI, Fla, April 26, 2024 (GLOBE NEWSWIRE) -- Safe and Green Development Corporation (NASDAQ: SGD) (“SG Devco” or the “Company”) is pleased to announce the Company received and executed a commercial contract to sell the Company's Lago Vista site to an unnamed buyer. The Lago Vista property is an approximately 60-acre waterfront property located on Lake Travis, Texas. After evaluating the current timeline of the joint offer and the purchase offer, the Company decided to sell the property to strategically reinforce its balance sheet. The closing of this transaction would result in approximately $5,000,000 of debt to be extinguished from the Company's balance sheet and yield additional non-dilutive cash proceeds.

Safe and Green Development Corporation Executes Contract to Sell Lago Vista Site

MIAMI, Fla, April 17, 2024 (GLOBE NEWSWIRE) -- Safe and Green Development Corporation (NASDAQ: SGD) (“SG DevCo” or the “Company”), is pleased to provide an update and strategy regarding the operations of the business.

Safe and Green Development Corp Provides Quarterly Business Update

MIAMI, Fla, April 04, 2024 (GLOBE NEWSWIRE) -- Safe and Green Development Corporation (NASDAQ: SGD) (“SG DevCo” or the “Company”), is pleased to announce the Beta launch of the Xene AI Platform for the Real Estate industry.

Safe and Green Development Corp Announces XENE Home AI Beta Launch

MIAMI, Fla, March 28, 2024 (GLOBE NEWSWIRE) -- Safe and Green Development Corporation (NASDAQ: SGD)(“SG DevCo” or the “Company”), today reported financial results for the twelve months ended December 31, 2023.

Safe and Green Development Corp Reports Record Fiscal Year 2023 Financial Results and Provides a Business Update

MIAMI, Fla, March 11, 2024 (GLOBE NEWSWIRE) -- Safe and Green Development Corporation (NASDAQ: SGD) (“SG Devco” or the “Company”) is pleased to announce an update to the previously announced launch of the XENE Home platform.

Safe and Green Development Corp Launches Xene AI Exclusive Waiting List

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Why Is Safe and Green (SGD) Stock Up 110% Today?

MIAMI, Fla, March 08, 2024 (GLOBE NEWSWIRE) -- Safe and Green Development Corporation (NASDAQ: SGD)(“SG DevCo” or the “Company”), is pleased to announce an update on the Norman Berry Village property in Atlanta, GA.

Safe and Green Development Corp Secures Financing for Norman Berry Expansion in Atlanta, Georgia

Xene Potential Revenue Streams MIAMI, Fla, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Safe and Green Development Corporation (NASDAQ: SGD), also known as SG Devco, is pleased to announce the expedited development and imminent launch of the Xene Home platform, following the acquisition of Majestic World Holdings on February 8th, 2024. Xene Home, set to be fully operational by March 27th, is designed to significantly enhance the buying, selling, and investing experience in real estate.

Safe and Green Development Corp To Roll Out Xene Platform March 27th, 2024

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MIAMI, Fla, Feb. 08, 2024 (GLOBE NEWSWIRE) -- Safe and Green Development Corporation (NASDAQ: SGD) (“SG Devco” or the “Company”), today announced that it has closed on the previously announced acquisition of Majestic World Holdings (“MWH”), a real estate technology firm and owner of the Xene AI Software platform (“XENE Platform”).  The purchase price for the acquisition consists of an aggregate of $500 thousand in cash to be paid over 5 quarters and 500,000 shares of SG Devco restricted stock valued at $1.075 million, or $2.15 per share. Under the terms of the agreement, Matthew Barstow, MWH CEO & President will become Senior Vice President of Innovation at SG Devco. The acquisition is a milestone in the company's short history and adds a new vertical to the SG DevCo portfolio. The addition of MWH diversifies SG DevCo's business interests and adds a new source of potential revenue.

Safe and Green Development Corporation Acquires XENE Real Estate AI Software

MIAMI, Fla, Feb. 05, 2024 (GLOBE NEWSWIRE) -- Safe and Green Development Corporation (NASDAQ: SGD) (“SG Devco” or the “Company”) is pleased to announce that it has entered into an agreement to sell its St Mary's property to Pigmental Studios for $1.35 million. The St Mary's property consists of approximately 29 acres zoned for a manufacturing facility. After discussions with the City & Pigmental Studios, the Company decided to sell the property to accommodate Pigmental Studios' expansion in the area. The Company remains interested in the St Mary's region and will remain active via its investment in the Cumberland Inlet Project.

Safe and Green Development Corporation Executes Contract to Sell St Mary's Site for $1.35M

MIAMI, Fla, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Safe and Green Development Corporation (NASDAQ: SGD) (“SG Devco” or the “Company”) and Majestic World Holdings (“MWH”), a real estate technology firm and owner of the Xene AI Software platform (“XENE Platform”), are pleased to announce the roll out strategy for the Xene platform.

Safe and Green Development Corp Provides Xene AI Software Expansion Plans

MIAMI, Fla, Jan. 09, 2024 (GLOBE NEWSWIRE) -- Safe and Green Development Corporation (NASDAQ: SGD) (“SG Devco” or the “Company”) is pleased to announce that it will strategically look to monetize its real estate holdings throughout 2024. The company has already initiated this strategy with the previously announced Contribution Agreement of Lago Vista wherein the property is valued at $11.5M as an equity interest in the development.

Safe and Green Development Corporation Announces Strategic Property Monetization Initiative throughout 2024

Safe and Green Development (NASDAQ: SGD ) stock is on the rise Friday after the real estate development company announced plans to acquire Majestic World Holdings. Safe and Green Development is looking to acquire Majestic World Holdings for its Xene Platform.

Why Is Safe and Green Development (SGD) Stock Up 50% Today?

XENE Platform MIAMI, Fla, Jan. 04, 2024 (GLOBE NEWSWIRE) -- Safe and Green Development Corporation (NASDAQ: SGD) (“SG Devco” or the “Company”) is pleased to announce an update to the previously announced proposed investment in Majestic World Holdings (“MWH”), a real estate technology firm and owner of the Xene AI Software platform (“XENE Platform”). After conducting initial due diligence, the Company has negotiated a complete acquisition of Xene Platform along with its parent company MWH.

Safe and Green Development Corporation Announces Update on LOI for Acquisition of Xene Real Estate AI Software

MIAMI--(BUSINESS WIRE)--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 its SG Echo subsidiary has executed a Master Purchase Agreement (MPA) with Safe and Green Development Corporation (NASDAQ: SGD) (“SG DevCo”), the Company's real estate development subsidiary, which recently completed a spinout as a standal.

Safe & Green Holdings Corp. Announces Master Purchase Agreement With Safe and Green Development Corporation for Manufacturing Projects Initially Valued in Excess of $140 Million

MIAMI, Fla, Dec. 14, 2023 (GLOBE NEWSWIRE) -- Safe and Green Development Corporation (NASDAQ: SGD) (“SG Devco” or the “Company”) is pleased to announce that the development activities are underway as MNO deposited the earnest money with the title company as per the terms of the contribution agreement and began conceptual design, construction pricing and market studies for the project.

Safe and Green Development Corporation Provides Update On Lago Vista Property with $11.5 Million Contribution Agreement

Company to contribute Lago Vista property in exchange for membership interest in the proposed joint venture valued at $11.5 million Company to contribute Lago Vista property in exchange for membership interest in the proposed joint venture valued at $11.5 million

Safe and Green Development Corporation Announces Entry into Contribution Agreement to Form a Joint Venture to Develop the Lago Vista Property

Safe and Green Development (NASDAQ: SGD ) stock is up more than 30% today on news that it recently signed a non-binding Letter of Intent (LOI) with Majestic World Holdings. The deal would allow Safe and Green to invest in MWH in exchange for access to Majestic World's XENE software platform, an artificial intelligence (AI) based decentralized real estate market.

Safe and Green Development (SGD) Stock Soars on AI Integration News

MIAMI, Fla. , Nov. 21, 2023 (GLOBE NEWSWIRE) -- Safe and Green Development Corporation (NASDAQ: SGD) (“SG Devco” or the “Company”), a leading real estate development company, has recently signed a non-binding Letter of Intent (LOI) with Majestic World Holdings (“MWH”) a real estate technology firm relating to a proposed strategic partnership between SG Devco and MWH, wherein SG Devco will invest in MWH in exchange for access to MWH's software platform Xene.

Safe and Green Development Corporation Unveils Letter of Intent for Integration of Real Estate AI Software

One of this week's most impressive movers has to be Safe and Green Development (NASDAQ: SGD ). Shares of SGD stock have rocketed another 40% higher today, continuing an absolutely incredible move over the past two days.

Is Safe and Green Development (SGD) Stock the Next Big Meme Stock?

Shares of Safe & Green Development Corp. SGD, +142.85% blasted 158% higher in active morning trading Friday, and have skyrocketed 16-fold in two days. The stock has been halted for volatility once since the open, with volume swelling to 12.6 million shares to put it in the top 10 of most actively stocks on major U.S. exchanges.

Safe & Green Development's stock has rocketed 16-fold in 2 days after withdrawal of share offering

Safe & Green Development (NASDAQ: SGD ) stock is rocketing higher on Friday despite a lack of news from the real estate development company this morning. There are no new press releases or filings with the Securities and Exchange Commission that are acting as a catalyst for SGD stock today.

News for Safe & Green Development Corp/FL Stock (SGD)