Safe and Green Development Corporation (SGD) has released an update.
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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.
For further insights into SGD stock, check out TipRanks’ Stock Analysis page.