MIAMI, March 12,
2025 /PRNewswire/ -- Safe and Green Development
Corporation (NASDAQ: SGD) ("SG Devco" or the "Company") today
announced details regarding its previously declared stock dividend,
including the confirmed date for trading on a stock
dividend-adjusted basis.
On March 5, 2025, SG Devco
approved a stock dividend from its treasury shares, consisting
of 0.05 shares of common stock for each outstanding share. As
a result, shareholders will receive one (1) additional share
of common stock for every twenty (20) shares held. Any fractional
shares will be settled in cash based on the opening price of the
common stock on April 8, 2025.
The record date for the stock dividend is April 7, 2025, with distribution to stockholders
taking place after the close of trading on April 22,
2025. Trading on a stock dividend-adjusted basis will begin at
market open on April 7, 2025.
This announcement serves as an update of the Company's previous
disclosure, which had incorrectly stated that trading was expected
to begin on a stock dividend-adjusted basis on April 23, 2025.
About Safe and Green Development Corporation (SG
Devco)
Safe and Green Development Corporation is a real estate
development company. Formed in 2021, it focuses primarily on the
direct acquisition and indirect investment in properties nationally
that will be further developed in the future into green single or
multi-family projects. Additionally, a wholly owned subsidiary of
SG DevCo, Majestic World Holdings LLC, is a prop-tech company
that has created a real estate AI Platform the Company integrates
to strategically increase the margins on homes sold by facilitating
mortgage services and down payment assistance. MyVONIA Innovations
LLC, a wholly owned subsidiary, is the owner of MyVONIA which is an
AI-powered personal assistant designed to help simplify daily tasks
and improve productivity for individuals and businesses.
Safe Harbor Statement
This press release may contain forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 as amended
and Section 21E of the Securities Exchange Act of 1934 as amended.
All statements other than statements of historical fact are or may
be deemed to be forward-looking statements. In some cases
forward-looking statements can be identified by terminology such as
"may," "should," "potential," "continue," "expects," "anticipates,"
"intends," "plans," "believes," "estimates" and similar expressions
and include statements regarding using Majestic World Holdings
LLC's real estate AI Platform to strategically increase the margins
on homes sold by facilitating mortgage services and down payment
assistance and MyVONIA simplifying daily tasks and improve
productivity for individuals and businesses.
These forward-looking statements are based on certain
assumptions and analyses made by us in light of our experience and
our perception of historical trends, current conditions, and
expected future developments, as well as other factors we believe
are appropriate in the circumstances. Important factors that could
cause actual results to differ materially from current expectations
include, among others, the Company's ability to use Majestic World
Holdings LLC's real estate AI Platform to strategically increase
the margins on homes sold by facilitating mortgage services and
down payment assistance, MyVONIA's ability to simplify daily tasks
and improve productivity, and other factors discussed in the
Company's Annual Report on Form 10-K for the year ended
December 31, 2023, and its subsequent
filings with the SEC. Readers are cautioned not to place undue
reliance on these forward-looking statements, which speak only as
of the date hereof. All forward-looking statements are qualified in
their entirety by this cautionary statement, and the Company
undertakes no obligation to revise or update this press release to
reflect events or circumstances after the date hereof.
For investor relations and media inquiries, please
contact:
Barwicki Investor Relations
Andrew@Barwicki.com
516-662-9461
View original
content:https://www.prnewswire.com/news-releases/safe-and-green-development-corporation-updates-ex-dividend-date-for-the-previously-announced-dividend-302400442.html
SOURCE Safe and Green Development Corporation
