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MIAMI, FL - Safe & Green Holdings Corp. (NASDAQ: SGBX), a company specializing in modular structures, has announced a new contract with Three Pines Leasing of Ocilla, GA. The agreement involves providing multiple modular units, which are anticipated to be leased to a U.S. government agency.
The current deal is in line with Safe & Green Holdings’ expertise in repurposing shipping containers for practical uses such as portable offices and storage spaces. Chairman and CEO Mike McLaren expressed confidence in the ongoing partnership with Three Pines Leasing and the prospect of fulfilling additional contracts throughout 2025.
The company’s relationship with Three Pines Leasing has been established over previous projects for the same government agency, suggesting a continuation of their collaborative efforts in delivering modular solutions.
Safe & Green Holdings operates with a focus on sustainable and efficient construction methods, catering to various industries’ demands for environmentally friendly alternatives. The company prides itself on its ability to provide rapid execution and high-value buildings through its modular innovations.
This contract is expected to be the first of several throughout the year, indicating a positive outlook for Safe & Green Holdings’ business activities. However, as with all forward-looking statements, there are risks and uncertainties that could affect the actual outcomes, including the company’s ability to fulfill the contract successfully and maintain compliance with NASDAQ listing requirements.
The information shared is based on a press release statement from Safe & Green Holdings Corp. and does not include any speculative content or endorsement of claims.
In other recent news, Safe & Green Holdings Corp. has made several strategic moves to bolster its financial and operational standing. The company has secured $108 million in committed funding, which includes a $100 million Equity Line of Credit and an $8 million private placement. This funding will support their growth initiatives, including a merger with New Asia Holdings and the acquisition of County Line Industrial, LLC, and a majority interest in Winchester Oil and Gas, LLC. These acquisitions are expected to enhance their market presence and drive revenue growth. Safe & Green Holdings also announced the appointment of Samarth Verma to its Board of Directors, bringing extensive experience in technology and corporate development. In another development, the company faces a potential delisting from the Nasdaq due to concerns over shareholder dilution. Safe & Green Holdings plans to appeal the decision and has a compliance plan prepared for the Nasdaq Hearings Panel. Additionally, the company has priced an $8 million private placement, which includes common stock and warrants, to further support its expansion efforts.
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