Safe and Green Expansion with Strategic Acquisition and Profit Share

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

Safe and Green Development Corporation acquired Majestic World Holdings LLC, with the deal including both stock and cash considerations totaling 500,000 shares and $500,000, respectively. The transaction includes a phased transfer of membership interests and a profit-sharing agreement that entitles the sellers to half of the net profits from certain technology and services for five years. The company also made regulatory disclosures and issued a press release to announce the acquisition, emphasizing that the stock issued is exempt from registration under securities law.

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