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.

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.

Why Is Safe & Green Development (SGD) Stock Up 140% Today?

SG Blocks

MIAMI, Fla., Oct. 09, 2023 (GLOBE NEWSWIRE) -- Safe and Green Development Corporation (NASDAQ: SGD)(“SG DevCo” or the “Company”), a leading real estate development company recently spun off from Safe & Green Holdings Corp. (NASDAQ: SGBX) (“SG Holdings”), announced today that Company CFO Nicolai Brune has been invited to present at the conference on Exploring All Corners of the Tech Sector, presented by Maxim Group LLC, on Tuesday, October 10th, & Wednesday, October 11th, 2023, at 8:30 a.m. E.T.

Safe and Green Development Corporation to Participate in the Virtual Tech Conference Series: Exploring All Corners of the Tech Sector, Presented by Maxim Group LLC on Tuesday, October 10th & Wednesday, October 11th at 8:30 A.M. E.T.

Approval paves the way to begin development of the site Plans to construct 125,000 square-foot facility consisting of a mix of 68 single and double occupancy residences for elderly and assisted living residents MIAMI, Fla., Oct. 05, 2023 (GLOBE NEWSWIRE) -- Safe and Green Development Corporation (NASDAQ: SGD)(“SG DevCo” or the “Company”), a leading real estate development company recently spun off from Safe & Green Holdings Corp. (NASDAQ: SGBX) (“SG Holdings”), in partnership with CMC Development Group (“CMC”) and architecture and engineering firm CSHQA, , has received approval from the city of Eastpoint to purchase the project's Right Of Way (“ROW”) approval to begin developing a six-acre site on Norman Berry Drive in Atlanta, Georgia (“Norman Berry Village”).

Safe and Green Development Corporation Receives Approval to Purchase Right of Way Approval at Norman Berry Village Project in Atlanta, Georgia

MIAMI, Fla. , Oct. 04, 2023 (GLOBE NEWSWIRE) -- Safe and Green Development Corporation (NASDAQ: SGD)(“SG DevCo” or the “Company”), a leading real estate development company, recently spun off from Safe & Green Holdings Corp. (NASDAQ: SGBX) (“SG Holdings”), a leading developer, designer, and fabricator of modular structures for residential, commercial, and point-of-care medicine, today announced that David Villarreal, President & CEO of SG DevCo, as well as the management of both SG DevCo and SG Holdings, will be ringing the Nasdaq closing bell in Times Square, New York City, to celebrate the Company's recent spin-off and subsequent listing on Nasdaq.

Safe and Green Development Corporation to Ring the Nasdaq Closing Bell on October 12, 2023

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