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STOCK TITAN

[8-K] Safe & Green Holdings Corp. Reports Material Event

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

Safe & Green Holdings Corp. (Nasdaq: SGBX) filed an 8-K disclosing that on 28 Jul 2025 it executed a non-binding Letter of Intent to buy 100% of Rock Springs Energy Group, LLC for an estimated $35 million. The deal would give SGBX ownership of Rock Springs� mothballed, incomplete oil refinery in Rock Springs, Wyoming.

Principal LOI terms:

  • Due-diligence window: 60 days; price may be adjusted based on findings and market conditions.
  • Exclusivity: Seller agrees not to solicit other bids during the diligence period.
  • Termination right: Either party may withdraw without liability if diligence is unsatisfactory.
  • Timeline: Target to sign definitive agreements within 30 days after diligence, and close within 30 days thereafter.
The LOI itself is non-binding except for diligence, confidentiality and exclusivity provisions; closing is contingent on definitive documentation and customary conditions. Item 2.03 cross-references that any direct financial obligation will arise only upon execution of final agreements.

A press release announcing the LOI was issued on 5 Aug 2025 (Exhibit 99.1). No financial statements or earnings metrics accompany this filing. The company includes forward-looking-statement disclaimers and refers investors to existing risk-factor disclosures.

Safe & Green Holdings Corp. (Nasdaq: SGBX) ha depositato un 8-K comunicando che il 28 luglio 2025 ha sottoscritto una Lettera di Intenti non vincolante per acquistare il 100% di Rock Springs Energy Group, LLC per un importo stimato di 35 milioni di dollari. L'accordo conferirebbe a SGBX la proprietà della raffineria di petrolio incompleta e inattiva di Rock Springs, Wyoming.

Termini principali della LOI:

  • Periodo di due diligence: 60 giorni; il prezzo potrà essere adeguato in base ai risultati e alle condizioni di mercato.
  • Esclusiva: Il venditore si impegna a non sollecitare altre offerte durante il periodo di due diligence.
  • Diritti di recesso: Entrambe le parti possono ritirarsi senza responsabilità se la due diligence risulta insoddisfacente.
  • Tempistiche: Obiettivo di firmare gli accordi definitivi entro 30 giorni dalla due diligence e chiudere l’operazione entro ulteriori 30 giorni.
La LOI è non vincolante ad eccezione delle clausole relative a due diligence, riservatezza ed esclusiva; la chiusura dipende dalla documentazione definitiva e dalle condizioni consuete. L’item 2.03 specifica che qualsiasi obbligo finanziario diretto nascerà solo con la firma degli accordi finali.

Il comunicato stampa che annuncia la LOI è stato pubblicato il 5 agosto 2025 (Allegato 99.1). Nessun bilancio o dato sugli utili è allegato a questo deposito. La società include avvertenze sulle dichiarazioni previsionali e rimanda gli investitori alle divulgazioni sui fattori di rischio già esistenti.

Safe & Green Holdings Corp. (Nasdaq: SGBX) presentó un 8-K informando que el 28 de julio de 2025 firmó una Carta de Intención no vinculante para comprar el 100% de Rock Springs Energy Group, LLC por un valor estimado de 35 millones de dólares. El acuerdo otorgaría a SGBX la propiedad de la refinería de petróleo incompleta y desactivada en Rock Springs, Wyoming.

Términos principales de la Carta de Intención:

  • Periodo de diligencia debida: 60 días; el precio podrá ajustarse según los hallazgos y las condiciones del mercado.
  • Exclusividad: El vendedor acuerda no solicitar otras ofertas durante el periodo de diligencia.
  • Derecho de terminación: Cualquiera de las partes puede retirarse sin responsabilidad si la diligencia no es satisfactoria.
  • Plazos: Objetivo de firmar acuerdos definitivos dentro de los 30 días posteriores a la diligencia y cerrar la operación dentro de los 30 días siguientes.
La Carta de Intención es no vinculante excepto por las disposiciones de diligencia, confidencialidad y exclusividad; el cierre está condicionado a la documentación definitiva y condiciones habituales. El punto 2.03 hace referencia a que cualquier obligación financiera directa surgirá solo tras la firma de los acuerdos finales.

Se emitió un comunicado de prensa anunciando la Carta de Intención el 5 de agosto de 2025 (Anexo 99.1). No se adjuntan estados financieros ni métricas de ganancias en esta presentación. La compañía incluye advertencias sobre declaraciones prospectivas y remite a los inversores a las divulgaciones existentes sobre factores de riesgo.

Safe & Green Holdings Corp. (나스�: SGBX)� 2025� 7� 28� Rock Springs Energy Group, LLC� 100% 지분을 � 3,500� 달러� 인수하기 위한 구속� 없는 의향�(LOI)� 체결했다� 8-K 보고서를 제출했습니다. 이번 거래� 통해 SGBX� 와이오� � Rock Springs� 위치� 가� 중단� 미완� 정유공장� 소유권을 확보하게 됩니�.

주요 LOI 조건:

  • 실사 기간: 60�; 실사 결과 � 시장 상황� 따라 가� 조정 가�.
  • 독점�: 매도인은 실사 기간 동안 다른 입찰� 요청하지 않기� 동의.
  • 계약 해지 권리: 실사 결과가 만족스럽지 않을 경우 어느 쪽도 책임 없이 계약� 철회� � 있음.
  • 일정: 실사 완료 � 30� 이내� 최종 계약� 서명, � � 30� 이내� 거래 완료 목표.
LOI 자체� 실사, 비밀 유지 � 독점 조항� 제외하고� 구속력이 없습니다; 거래 완료� 최종 문서� � 통상적인 조건 충족� 전제� 합니�. 항목 2.03은 최종 계약 체결 시에� 직접적인 재무 의무가 발생함을 명시합니�.

LOI 발표 보도자료� 2025� 8� 5일에 발행되었습니�(첨부문서 99.1). 이번 제출서류에는 재무제표� 수익 지표가 포함되어 있지 않습니다. 회사� 미래 예측 진술� 관� 면책 조항� 포함하고 있으�, 투자자들에게 기존 위험 요인 공개� 참고� 것을 안내합니�.

Safe & Green Holdings Corp. (Nasdaq : SGBX) a déposé un 8-K annonçant que le 28 juillet 2025, elle a signé une lettre d’intention non contraignante pour acquérir 100 % de Rock Springs Energy Group, LLC pour un montant estimé à 35 millions de dollars. Cet accord permettrait à SGBX de devenir propriétaire de la raffinerie de pétrole inachevée et mise en sommeil située à Rock Springs, Wyoming.

Principaux termes de la lettre d’intention :

  • Période de due diligence : 60 jours ; le prix pourra être ajusté en fonction des résultats et des conditions du marché.
  • Exclusivité : Le vendeur s’engage à ne pas solliciter d’autres offres pendant la période de due diligence.
  • Droit de résiliation : Chaque partie peut se retirer sans responsabilité si la due diligence est insatisfaisante.
  • Calendrier : Objectif de signer les accords définitifs dans les 30 jours suivant la due diligence et de finaliser la transaction dans les 30 jours suivants.
La lettre d’intention est non contraignante sauf pour les clauses relatives à la due diligence, à la confidentialité et à l’exclusivité ; la clôture dépend de la documentation définitive et des conditions habituelles. L’item 2.03 précise que toute obligation financière directe ne naîtra qu’� la signature des accords finaux.

Un communiqué de presse annonçant la lettre d’intention a été publié le 5 août 2025 (Exhibit 99.1). Aucun état financier ni indicateur de résultat n’accompagne ce dépôt. La société inclut des avertissements concernant les déclarations prospectives et renvoie les investisseurs aux divulgations existantes sur les facteurs de risque.

Safe & Green Holdings Corp. (Nasdaq: SGBX) reichte ein 8-K ein, in dem mitgeteilt wurde, dass am 28. Juli 2025 eine unverbindliche Absichtserklärung (LOI) zum Kauf von 100 % der Rock Springs Energy Group, LLC für geschätzte 35 Millionen US-Dollar unterzeichnet wurde. Der Deal würde SGBX Eigentum an der stillgelegten, unvollendeten Ölraffinerie in Rock Springs, Wyoming, verschaffen.

Wesentliche LOI-Bedingungen:

  • Due-Diligence-Zeitraum: 60 Tage; der Preis kann basierend auf Ergebnissen und Marktbedingungen angepasst werden.
  • ܲä: Der Verkäufer verpflichtet sich, während der Due-Diligence-Phase keine anderen Angebote einzuholen.
  • üԻ徱ܲԲ𳦳: Jede Partei kann ohne Haftung zurücktreten, wenn die Due Diligence unbefriedigend ist.
  • Zeitplan: Ziel ist die Unterzeichnung endgültiger Vereinbarungen innerhalb von 30 Tagen nach der Due Diligence und der Abschluss innerhalb der darauffolgenden 30 Tage.
Die LOI ist unverbindlich, mit Ausnahme der Bestimmungen zu Due Diligence, Vertraulichkeit und Exklusivität; der Abschluss ist abhängig von endgültiger Dokumentation und üblichen Bedingungen. Punkt 2.03 verweist darauf, dass direkte finanzielle Verpflichtungen erst mit der Ausführung der endgültigen Vereinbarungen entstehen.

Eine Pressemitteilung zur Ankündigung der LOI wurde am 5. August 2025 veröffentlicht (Anlage 99.1). Keine Finanzberichte oder Gewinnkennzahlen sind dieser Einreichung beigefügt. Das Unternehmen enthält Hinweise zu zukunftsgerichteten Aussagen und verweist Investoren auf bereits bestehende Risikohinweise.

Positive
  • Strategic growth opportunity: LOI could expand SGBX’s asset base via full ownership of a refinery for an estimated $35 million.
  • Exclusivity secured: 60-day no-shop period limits competing bids while SGBX conducts due diligence.
Negative
  • Non-binding nature: Transaction may never progress beyond LOI, offering no guaranteed benefit to shareholders.
  • Potential liabilities: Target asset is mothballed and incomplete, implying significant refurbishment and environmental costs.
  • Financing unknown: Filing provides no details on how SGBX will fund the potential $35 million purchase.

Insights

TL;DR: Neutral—LOI signals growth intent but no binding commitment or financing details.

The $35 million indicative price represents a potential strategic asset addition, yet the refinery is mothballed and incomplete, so accretive value is unclear. Because the LOI is non-binding, there is no immediate impact on cash flow, leverage or share count. Investors should monitor: (1) diligence outcomes affecting price and capex needs, (2) financing structure once a definitive pact is negotiated, and (3) whether refinery operations align with SGBX’s core modular construction expertise. Until a binding agreement and funding plan are disclosed, this event is best viewed as an option rather than a transaction.

TL;DR: Elevated execution risk—asset is unused and deal may not close.

Acquiring a mothballed refinery introduces environmental, regulatory and refurbishment liabilities that could exceed the $35 million headline price. The filing stresses that the company can walk away, underscoring uncertainty. Failure to complete the deal could still incur diligence costs, while completion could strain liquidity if financed with debt or equity. Investors should demand clarity on remediation costs, permitting status, and integration with SGBX’s business model before re-rating the stock.

Safe & Green Holdings Corp. (Nasdaq: SGBX) ha depositato un 8-K comunicando che il 28 luglio 2025 ha sottoscritto una Lettera di Intenti non vincolante per acquistare il 100% di Rock Springs Energy Group, LLC per un importo stimato di 35 milioni di dollari. L'accordo conferirebbe a SGBX la proprietà della raffineria di petrolio incompleta e inattiva di Rock Springs, Wyoming.

Termini principali della LOI:

  • Periodo di due diligence: 60 giorni; il prezzo potrà essere adeguato in base ai risultati e alle condizioni di mercato.
  • Esclusiva: Il venditore si impegna a non sollecitare altre offerte durante il periodo di due diligence.
  • Diritti di recesso: Entrambe le parti possono ritirarsi senza responsabilità se la due diligence risulta insoddisfacente.
  • Tempistiche: Obiettivo di firmare gli accordi definitivi entro 30 giorni dalla due diligence e chiudere l’operazione entro ulteriori 30 giorni.
La LOI è non vincolante ad eccezione delle clausole relative a due diligence, riservatezza ed esclusiva; la chiusura dipende dalla documentazione definitiva e dalle condizioni consuete. L’item 2.03 specifica che qualsiasi obbligo finanziario diretto nascerà solo con la firma degli accordi finali.

Il comunicato stampa che annuncia la LOI è stato pubblicato il 5 agosto 2025 (Allegato 99.1). Nessun bilancio o dato sugli utili è allegato a questo deposito. La società include avvertenze sulle dichiarazioni previsionali e rimanda gli investitori alle divulgazioni sui fattori di rischio già esistenti.

Safe & Green Holdings Corp. (Nasdaq: SGBX) presentó un 8-K informando que el 28 de julio de 2025 firmó una Carta de Intención no vinculante para comprar el 100% de Rock Springs Energy Group, LLC por un valor estimado de 35 millones de dólares. El acuerdo otorgaría a SGBX la propiedad de la refinería de petróleo incompleta y desactivada en Rock Springs, Wyoming.

Términos principales de la Carta de Intención:

  • Periodo de diligencia debida: 60 días; el precio podrá ajustarse según los hallazgos y las condiciones del mercado.
  • Exclusividad: El vendedor acuerda no solicitar otras ofertas durante el periodo de diligencia.
  • Derecho de terminación: Cualquiera de las partes puede retirarse sin responsabilidad si la diligencia no es satisfactoria.
  • Plazos: Objetivo de firmar acuerdos definitivos dentro de los 30 días posteriores a la diligencia y cerrar la operación dentro de los 30 días siguientes.
La Carta de Intención es no vinculante excepto por las disposiciones de diligencia, confidencialidad y exclusividad; el cierre está condicionado a la documentación definitiva y condiciones habituales. El punto 2.03 hace referencia a que cualquier obligación financiera directa surgirá solo tras la firma de los acuerdos finales.

Se emitió un comunicado de prensa anunciando la Carta de Intención el 5 de agosto de 2025 (Anexo 99.1). No se adjuntan estados financieros ni métricas de ganancias en esta presentación. La compañía incluye advertencias sobre declaraciones prospectivas y remite a los inversores a las divulgaciones existentes sobre factores de riesgo.

Safe & Green Holdings Corp. (나스�: SGBX)� 2025� 7� 28� Rock Springs Energy Group, LLC� 100% 지분을 � 3,500� 달러� 인수하기 위한 구속� 없는 의향�(LOI)� 체결했다� 8-K 보고서를 제출했습니다. 이번 거래� 통해 SGBX� 와이오� � Rock Springs� 위치� 가� 중단� 미완� 정유공장� 소유권을 확보하게 됩니�.

주요 LOI 조건:

  • 실사 기간: 60�; 실사 결과 � 시장 상황� 따라 가� 조정 가�.
  • 독점�: 매도인은 실사 기간 동안 다른 입찰� 요청하지 않기� 동의.
  • 계약 해지 권리: 실사 결과가 만족스럽지 않을 경우 어느 쪽도 책임 없이 계약� 철회� � 있음.
  • 일정: 실사 완료 � 30� 이내� 최종 계약� 서명, � � 30� 이내� 거래 완료 목표.
LOI 자체� 실사, 비밀 유지 � 독점 조항� 제외하고� 구속력이 없습니다; 거래 완료� 최종 문서� � 통상적인 조건 충족� 전제� 합니�. 항목 2.03은 최종 계약 체결 시에� 직접적인 재무 의무가 발생함을 명시합니�.

LOI 발표 보도자료� 2025� 8� 5일에 발행되었습니�(첨부문서 99.1). 이번 제출서류에는 재무제표� 수익 지표가 포함되어 있지 않습니다. 회사� 미래 예측 진술� 관� 면책 조항� 포함하고 있으�, 투자자들에게 기존 위험 요인 공개� 참고� 것을 안내합니�.

Safe & Green Holdings Corp. (Nasdaq : SGBX) a déposé un 8-K annonçant que le 28 juillet 2025, elle a signé une lettre d’intention non contraignante pour acquérir 100 % de Rock Springs Energy Group, LLC pour un montant estimé à 35 millions de dollars. Cet accord permettrait à SGBX de devenir propriétaire de la raffinerie de pétrole inachevée et mise en sommeil située à Rock Springs, Wyoming.

Principaux termes de la lettre d’intention :

  • Période de due diligence : 60 jours ; le prix pourra être ajusté en fonction des résultats et des conditions du marché.
  • Exclusivité : Le vendeur s’engage à ne pas solliciter d’autres offres pendant la période de due diligence.
  • Droit de résiliation : Chaque partie peut se retirer sans responsabilité si la due diligence est insatisfaisante.
  • Calendrier : Objectif de signer les accords définitifs dans les 30 jours suivant la due diligence et de finaliser la transaction dans les 30 jours suivants.
La lettre d’intention est non contraignante sauf pour les clauses relatives à la due diligence, à la confidentialité et à l’exclusivité ; la clôture dépend de la documentation définitive et des conditions habituelles. L’item 2.03 précise que toute obligation financière directe ne naîtra qu’� la signature des accords finaux.

Un communiqué de presse annonçant la lettre d’intention a été publié le 5 août 2025 (Exhibit 99.1). Aucun état financier ni indicateur de résultat n’accompagne ce dépôt. La société inclut des avertissements concernant les déclarations prospectives et renvoie les investisseurs aux divulgations existantes sur les facteurs de risque.

Safe & Green Holdings Corp. (Nasdaq: SGBX) reichte ein 8-K ein, in dem mitgeteilt wurde, dass am 28. Juli 2025 eine unverbindliche Absichtserklärung (LOI) zum Kauf von 100 % der Rock Springs Energy Group, LLC für geschätzte 35 Millionen US-Dollar unterzeichnet wurde. Der Deal würde SGBX Eigentum an der stillgelegten, unvollendeten Ölraffinerie in Rock Springs, Wyoming, verschaffen.

Wesentliche LOI-Bedingungen:

  • Due-Diligence-Zeitraum: 60 Tage; der Preis kann basierend auf Ergebnissen und Marktbedingungen angepasst werden.
  • ܲä: Der Verkäufer verpflichtet sich, während der Due-Diligence-Phase keine anderen Angebote einzuholen.
  • üԻ徱ܲԲ𳦳: Jede Partei kann ohne Haftung zurücktreten, wenn die Due Diligence unbefriedigend ist.
  • Zeitplan: Ziel ist die Unterzeichnung endgültiger Vereinbarungen innerhalb von 30 Tagen nach der Due Diligence und der Abschluss innerhalb der darauffolgenden 30 Tage.
Die LOI ist unverbindlich, mit Ausnahme der Bestimmungen zu Due Diligence, Vertraulichkeit und Exklusivität; der Abschluss ist abhängig von endgültiger Dokumentation und üblichen Bedingungen. Punkt 2.03 verweist darauf, dass direkte finanzielle Verpflichtungen erst mit der Ausführung der endgültigen Vereinbarungen entstehen.

Eine Pressemitteilung zur Ankündigung der LOI wurde am 5. August 2025 veröffentlicht (Anlage 99.1). Keine Finanzberichte oder Gewinnkennzahlen sind dieser Einreichung beigefügt. Das Unternehmen enthält Hinweise zu zukunftsgerichteten Aussagen und verweist Investoren auf bereits bestehende Risikohinweise.

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UNITED STATES

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported): July 28, 2025

  

SAFE & GREEN HOLDINGS CORP.

(Exact Name of Registrant as Specified in its Charter)

 

Delaware   001-38037   95-4463937
(State or Other Jurisdiction
of Incorporation)
  (Commission File Number)   (I.R.S. Employer
Identification Number)

 

990 Biscayne Blvd.

#501, Office 12

Miami, FL 33132

(Address of Principal Executive Offices, Zip Code)

 

 

(Former name or former address, if changed since last report.)

 

Registrant’s telephone number, including area code: 646-240-4235

  

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

  

Securities registered pursuant to Section 12(b) of the Act:

 

Title of Each Class   Trading Symbol(s)   Name of Each Exchange on Which Registered
Common Stock, par value $0.01   SGBX   The Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company 

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 

 

 

Item 1.01 Entry into a Material Definitive Agreement

 

On July 28, 2025 (the “Effective Date”), Safe & Green Holdings Corp. a Delaware corporation (the “Company”), entered into a non-binding Letter of Intent (the “Letter of Intent”) with Rock Springs Energy Group, LLC (the “Seller”) to purchase one hundred percent (100%) of the equity securities of Rock Springs for a estimated purchase price of $35 million with the final amount subject to confirmation through the due diligence process (the “Purchase Price”), entitling the Company to full and complete ownership of Rock Springs’ mothballed, incomplete oil refinery located at Rock Springs, Wyoming (the “Transaction”). The Transaction will be subject to the execution of a mutually acceptable definitive purchase agreement, including standard representations, warranties, and indemnities. The Letter of Intent does not constitute a binding commitment to purchase or sell, except for the provisions regarding due diligence, exclusivity and confidentiality.

 

The Purchase Price will be finally determined based on due diligence findings, market conditions, and mutual agreement between the Company and Rock Springs. The Letter of Intent provides for a due diligence period of 60 days from the execution of the Letter of Intent. The Company reserves the right to terminate the Letter of Intent without liability if due diligence findings are unsatisfactory.

 

In consideration of the Company’s due diligence efforts, Rock Springs agrees not to solicit or negotiate with other potential buyers for a period of 60 days from the date of signing the Letter of Intent. The parties mutually agree to negotiate in good faith toward definitive agreements within 30 days from the closing of due diligence, and to work in good faith to close the transaction within 30 days after definitive agreements are finalized.

 

The foregoing terms and conditions are subject to change based upon the negotiation and execution of the definitive agreements by and among the Company and Rock Springs. Closing of the transaction will be subject to the terms and conditions of the definitive agreements, including completion of due diligence and satisfaction or waiver of closing conditions. There can be no assurance that definitive agreements will be entered into or that the proposed Transaction will be consummated.

 

The foregoing description of the Letter of Intent is qualified in its entirety by reference to the full text of the Letter of Intent, a copy of which is attached hereto as Exhibits 10.1, and is incorporated herein in its entirety by reference.

 

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

 

The information provided in Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.

 

1

 

 

Forward-Looking Statements

 

Information contained in this communication, other than statements of historical facts, may include “forward-looking” statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. These forward-looking statements include all statements, other than statements of historical fact, regarding our current views and assumptions with respect to future events regarding our business, including statements with respect to our plans, assumptions, expectations, beliefs and objectives, the Company’s business and its plans after the closing of the Transaction, and the Company’s ability to maintain its Nasdaq listing. Readers are cautioned that any forward-looking information provided by us or on our behalf is not a guarantee of future performance. Actual results may differ materially from those contained in these forward-looking statements as a result of various factors disclosed in our filings with the SEC, including the “Risk Factors” sections of our Annual Report on Form 10-K for the year ended December 31, 2024, and subsequent Quarterly Reports on Form 10-Q. All forward-looking statements speak only as of the date on which they are made, and we undertake no duty to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by law.

 

Item 7.01 Regulation FD Disclosure

 

On August 5, 2025, the Company issued a press release (the “Press Release”) announcing that it had entered into the Letter of Intent. A copy of the Press Release is furnished as Exhibit 99.1 to this Current Report.

 

The information furnished pursuant to this Item 7.01 (including Exhibit 99.1) shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any filing under the Exchange Act or the Securities Act 1933, as amended (the “Securities Act”), except as expressly set forth by specific reference in such a filing.

 

Item 9.01 Financial Statements and Exhibits

 

Exhibit
Number
  Description
10.1   Letter of Intent, dated July 28, 2025, between Safe & Green Holdings Corp. and Rock Springs Energy Group, LLC.
99.1   Press Release, dated August 5, 2025
104   Cover Page Interactive Data File (embedded within the inline XBRL document)

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

SAFE & GREEN HOLDINGS CORP.

     
Dated: August 5, 2025 By: /s/ Michael McLaren
    Name: Michael McLaren
    Title: Chief Executive Officer

 

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FAQ

What did Safe & Green Holdings (SGBX) announce in its 8-K?

SGBX disclosed a non-binding LOI to acquire Rock Springs Energy Group’s incomplete oil refinery for an estimated $35 million.

Is the Rock Springs acquisition by SGBX binding?

No. The LOI is non-binding except for diligence, exclusivity and confidentiality provisions.

How long is the due-diligence period for the Rock Springs deal?

The LOI grants a 60-day due-diligence window starting 28 Jul 2025.

When could the transaction close if diligence is satisfactory?

Parties aim to sign definitive agreements within 30 days post-diligence and to close within 30 days thereafter.

Does the 8-K include financial results or guidance for SGBX?

No. The filing contains no earnings or guidance; it focuses solely on the potential acquisition.
Safe & Green Holdings Corp

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Metal Fabrication
Wholesale-lumber & Other Construction Materials
United States
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