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Safe and Green Amends Promissory Note Terms

Story Highlights
  • Safe and Green Development Corporation amended a promissory note with Pigmental LLC on June 23, 2025.
  • The amendment includes a revised payment schedule and increased interest rate, ensuring financial security.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Safe and Green Amends Promissory Note Terms

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Safe and Green Development Corporation ( (SGD) ) has issued an update.

On June 23, 2025, Safe and Green Development Corporation amended a Balloon Payment Promissory Note initially issued on November 15, 2024, to Pigmental LLC. The amendment outlines a revised payment schedule, including an initial $40,000 payment, a second payment of $250,000 due by July 30, 2025, and a final payment of $670,672 by October 30, 2025. The amendment also increases the interest rate from 10% to 15% per annum and specifies conditions for automatic acceleration of obligations if payments are missed. This restructuring aims to secure the company’s financial interests while maintaining existing collateral and guarantees.

Spark’s Take on SGD Stock

According to Spark, TipRanks’ AI Analyst, SGD is a Underperform.

The overall stock score reflects significant challenges faced by Safe and Green Development Corporation, primarily driven by its weak financial performance and valuation metrics. The company’s high leverage, persistent losses, and negative cash flow are the most significant factors lowering the score. Technical analysis indicates a bearish trend, further impacting the stock’s attractiveness. The lack of earnings and dividends further contributes to a low valuation score.

To see Spark’s full report on SGD stock, click here.

More about Safe and Green Development Corporation

Average Trading Volume: 368,537

Technical Sentiment Signal: Sell

Find detailed analytics on SGD stock on TipRanks’ Stock Analysis page.

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