US stock futures dip as Trump’s firing of Cook sparks Fed independence fears
Investing.com -- Safe & Green Holdings Corp (NASDAQ:SGBX) stock rose 7.3% after the modular structures developer announced a restructuring of its previously announced private placement with D. Boral (OTC:BOALY) Capital, significantly reducing potential shareholder dilution.
The company has eliminated both Series A and Series B Common Stock Warrants from the $8.0 million private placement originally announced in April 2025. This restructuring reduces potential dilution to shareholders by approximately 70% and addresses concerns raised by the NASDAQ Hearings Panel.
"We acted decisively to restructure the financing in a way that better aligns with shareholder interests and ensures full compliance with NASDAQ’s listing standards," said Mike Mclaren, Chairman and CEO of Safe & Green Holdings.
The Series A Warrants, which were originally exercisable at $0.784 per share for five years, and the Series B Warrants, originally exercisable at $0.98 per share for 30 months, have both been cancelled. In exchange, the company issued an aggregate of 60,000 shares of Series B Preferred Stock.
The restructuring was implemented to conform with requirements from the NASDAQ Hearings Panel, which had raised public interest concerns related to the original structure of the transaction. The Common Stock or Pre-Funded Warrants from the original agreement remain in place.
Safe & Green Holdings stated it will continue to evaluate strategic opportunities while focusing on responsible governance and disciplined capital management.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.