SG Blocks’ Customer Closes Project Equity Financing and Land Purchase for the First Phase of the $55 Million Monticello Project
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 (“SG Blocks), today announced that CPF MF 2019-1 LLC, a Delaware limited liability company (“Monticello”) has completed a $5.0 million equity financing to develop the 302-unit multifamily project in Sullivan County, New York (the “Project”). Concurrently, Monticello acquired 16 acres of undeveloped land in Sullivan County, New York (the “Land”) on which the Project will be built. The $5.0 million equity capital is for acquisition of the Land and the first phase of construction for the Project.Paul Galvin, Chairman and CEO of SG Blocks, commented, “The closing of Monticello’s equity financing is an important step forward on this Project and a great day for us and our stockholdersMr. Galvin continued, “This is Monticello’s first closing and advances SG Block’s vision of a replicable capital platform. We believe this capital platform is going to accel
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SGBX
Sec Filings
- 4/29/24 - Form 8-K
- 3/28/24 - Form NT
- 3/27/24 - Form D
- SGBX's page on the SEC website