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Stock impact report

SG Blocks Announces Proposed Public Offering of Common Stock

Safe & Green Holdings Corp. (SGBX) 
NASDAQ:AMEX Investor Relations: ir.sgblocks.com
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)--SG Blocks, Inc. (NASDAQ: SGBX), a leading designer, fabricator and innovator of container-based structures, today announced that it intends to offer and sell shares of its common stock in an underwritten public offering. SG Blocks expects to grant the underwriters a 45-day option to purchase additional shares of common stock offered in the public offering. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.SG Blocks intends to use the net proceeds from the proposed offering for working capital.ThinkEquity, a division of Fordham Financial Management, Inc., is acting as representative of the underwriters in the offering.A shelf registration statement on Form S-3 (File No. 333-228882) relating to the shares of common stock to be issued in the proposed offering was filed with the Securities and Exchange Commission (SEC) and is effec Show less Read more
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