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Sg Blocks ( (SGBX) ) just unveiled an update.
On June 3, 2025, Olenox Corp., a subsidiary of Safe & Green Holdings Corp., secured a $2 million revolving line of credit from Prosperity Bank. The loan, netting $1,984,998 after fees, is backed by a certificate of deposit and bears a 5% interest rate. The agreement includes provisions for prepayment, late fees, and conditions for default, with a significant increase in interest to 18% upon default. This financial move could impact the company’s liquidity and financial strategy, providing flexibility but also imposing strict compliance requirements.
Spark’s Take on SGBX Stock
According to Spark, TipRanks’ AI Analyst, SGBX is a Neutral.
The overall stock score of 48 reflects significant financial challenges and unattractive valuation, partially mitigated by positive technical momentum and strategic corporate events. The risk of Nasdaq delisting is a major concern.
To see Spark’s full report on SGBX stock, click here.
More about Sg Blocks
Average Trading Volume: 3,989,820
Technical Sentiment Signal: Sell
Current Market Cap: $8.16M
See more data about SGBX stock on TipRanks’ Stock Analysis page.