tiprankstipranks
Trending News
More News >

Safe and Green Completes Acquisition and Board Reshuffle

Story Highlights
  • Safe and Green Development Corporation acquired Resource Group US Holdings LLC on June 2, 2025.
  • The acquisition led to a board reconstitution, appointing Bjarne Borg, James D. Burnham, and Anthony M. Cialone.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Safe and Green Completes Acquisition and Board Reshuffle

Don’t Miss TipRanks’ Half-Year Sale

Safe and Green Development Corporation ( (SGD) ) has shared an announcement.

On June 2, 2025, Safe and Green Development Corporation completed its acquisition of Resource Group US Holdings LLC, leading to a reconstitution of its Board of Directors. Paul M. Galvin, Alyssa Richardson, and Yaniv Blumenfeld resigned from the board, and Bjarne Borg, James D. Burnham, and Anthony M. Cialone were appointed as new directors. This strategic move aims to enhance the company’s operational growth and innovation, leveraging the new directors’ extensive experience in real estate, environmental engineering, and renewable technologies. The acquisition also involved the issuance of shares and promissory notes to the former members of Resource Group in exchange for their membership interests, and the establishment of consulting agreements with Mr. Cialone and Mr. Burnham.

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

Safe and Green Development Corporation is a real estate development company formed in 2021, focusing on acquiring and investing in properties across the United States for development into green housing projects. The company owns Resource Group US Holdings LLC, which operates an organics processing facility in Florida and provides logistics services for biomass, solid waste, and recyclable materials. Additionally, Safe and Green Development Corporation owns Majestic World Holdings LLC, a prop-tech company with a real estate AI platform.

Average Trading Volume: 368,188

Technical Sentiment Signal: Sell

See more data about SGD stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1