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Safe And Green Development Corp Secures Strategic Investment From Arena Investors, LP And Its Affiliates; The Initial Funding Amount Is $1.38M With The Access To Subsequent Tranches Up To A Total Of $10.27M

Author: Benzinga Newsdesk | August 14, 2024 09:03am

Safe and Green Development Corporation (NASDAQ:SGD) ("SG Devco" or the "Company"), announces the successful closing of a strategic purchase agreement for funding of up to $10 million from Arena Investors, LP ("Arena") and its affiliates.

Arena, a global institutional asset manager with approximately $3.5 billion of assets under management, is known for its expertise in providing creative capital solutions.

Maxim Group LLC was sole placement agent in connection with the offering. 

Posted In: SGD


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