Safe & Green Development (NASDAQ:SGD) stock is down on Monday after the company filed a Form D with the Securities and Exchange Commission (SEC).
This filing is for a Notice of Exempt Offering of Securities. The first sale for this was in late April. This has the company selling $1.2 million in securities to Maxim Group LLC. Of this, $350,000 of securities have already been sold with $850,000 remaining.
Safe & Green Development also includes a list of the securities being sold as part of this offering. They include equity, debt, warrants, common stock, convertible debentures as well as warrant and shares underlying debentures.
Other details in the Form D filing with the SEC include Safe & Green Development not expecting this offering to last more than one year. The company also notes that the offering is tied to several executives and directors who may see the funds used as compensation.
SGD Stock Movement Today
Even with today’s news, there’s not much in the way of movement for SGD stock. Only about 322,000 shares of the company’s stock have changed hands as of this writing. That’s well below its daily average trading volume of about 4.7 million shares.
SGD stock is also down 4.5% as of Monday morning. That follows a steeper drop earlier in pre-market trading.
Investors can find all of the hottest stock market stories ready to go below!
We offer insight into all of the latest stock market news for Monday! A few examples include what’s going on with shares of AC Immune (NASDAQ:ACIU) and Tevogen Bio (NASDAQ:TVGN) stock, as well as the biggest pre-market stock movers this morning. All of that info is good to go at the following links!
More Monday Stock Market News
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- Today’s Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Monday
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On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
