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Stock impact report

SG Blocks Evaluating Possibility of Becoming a Qualified Opportunity Zone Business

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” or the “Company”), today announced that its management team, working with its Board of Directors and legal advisors, has commenced a process to explore and evaluate whether to become a qualified opportunity zone business under the Internal Revenue Code.Paul Galvin, Chairman and CEO of SG Blocks, commented, “We believe becoming a qualified opportunity zone business could provide benefits to the Company its stockholders and its customers. We are evaluating the strategic and operational impact on the business, the impact on stockholders and the structure of the Company’s equity interest in the Monticello project, timing, and other relevant factors and anticipate making a determination during the third quarter 2019.”There can be no assurance that this evaluation process will result in the Company becoming a qualified opportunity zone busine Show less Read more
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