Safe & Green Holdings Corp., a leading developer, designer, and fabricator of modular structures for residential, commercial, and point-of-care medicine, reported that the Company will receive approximately $390,000 of net proceeds from the sale of approximately 658,000 common shares to a single institutional investor. No new warrants were issued in connection with the transaction.
Fintech Insights: Three Game-changing Examples of AI in Private Equity
“We have been very judicious in the issuance of new shares, in order to minimize dilution”
We have been very judicious in the issuance of new shares, in order to minimize dilution,” stated Paul Galvin, Chairperson and CEO of Safe & Green Holdings. “Towards this end, we have successfully leveraged debt financing to help grow our business. Nevertheless, we believe this small equity infusion will help further accelerate our manufacturing and construction services growth, as well as support exciting new growth initiatives underway within our other divisions.”
Read More About Fintech Interview: Global Fintech Interview with Alessandro Onano, CMO at Tymit
[To share your insights with us, please write to pghosh@itechseries.com ]
