AG真人官方

STOCK TITAN
  1. Home
  2. Sec-filings
  3. SGD
  4. [8-K/A] Safe and Green Development Corporation Amends Material Event Report

[8-K/A] Safe and Green Development Corporation Amends Material Event Report

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

Safe and Green Development Corporation amended its prior current report to provide financial statements and pro forma financial information related to its acquisition of Resource Group US Holdings LLC. Resource Group continues as the surviving company and is now a wholly owned subsidiary of Safe and Green. The amendment adds audited financial statements of Resource Group for the years ended 2024 and 2023 (Exhibit 99.3), unaudited pro forma combined balance sheet and statements reflecting the acquisition (Exhibit 99.4), and other exhibits including an amendment to bylaws, a Certificate of Designations for Series A Convertible Preferred Stock, promissory notes, and a press release. These filings supply the accounting detail investors need to assess the transaction's effect on the combined company.

Safe and Green Development Corporation ha modificato il precedente rapporto corrente per integrare i bilanci e le informazioni finanziarie pro forma relative all'acquisizione di Resource Group US Holdings LLC. Resource Group rimane la societ脿 risultante ed 猫 ora una controllata interamente posseduta da Safe and Green. L'emendamento include i bilanci revisionati di Resource Group per gli esercizi chiusi al 2024 e al 2023 (Allegato 99.3), lo stato patrimoniale pro forma combinato e le relative rendicontazioni non revisionate che riflettono l'acquisizione (Allegato 99.4), oltre ad altri allegati quali una modifica dello statuto, un Certificate of Designations per le azioni privilegiate convertibili Serie A, cambiali e un comunicato stampa. Questi documenti forniscono i dettagli contabili necessari agli investitori per valutare l'impatto della transazione sulla societ脿 risultante.

Safe and Green Development Corporation modific贸 su informe actual anterior para incluir estados financieros e informaci贸n financiera pro forma relacionados con la adquisici贸n de Resource Group US Holdings LLC. Resource Group contin煤a como la compa帽铆a sobreviviente y ahora es una filial de propiedad total de Safe and Green. La enmienda a帽ade estados financieros auditados de Resource Group correspondientes a los ejercicios cerrados en 2024 y 2023 (Anexo 99.3), un balance combinado pro forma y estados no auditados que reflejan la adquisici贸n (Anexo 99.4), y otros anexos como una modificaci贸n de los estatutos, un Certificate of Designations para las acciones preferentes convertibles Serie A, pagar茅s y un comunicado de prensa. Estas presentaciones aportan los detalles contables que los inversores necesitan para evaluar el efecto de la operaci贸n sobre la compa帽铆a combinada.

Safe and Green Development Corporation電� 鞚挫爠鞐� 鞝滌稖頃� 順勳灛 氤搓碃靹滊ゼ 靾橃爼頃橃棳 Resource Group US Holdings LLC 鞚胳垬鞕� 甏�霠悳 鞛鞝滍憸 氚� 頂勲韽ゴ毵� 鞛鞝曤炒毳� 於旉皜搿� 鞝滉车頄堨姷雼堧嫟. Resource Group電� 臁挫啀 氩曥澑鞙茧 雮晞 鞛堨溂氅� 鞚挫牅 Safe and Green鞚� 鞕勳爠 鞛愴殞靷皜 霅橃棃鞀惦媹雼�. 鞚措矆 靾橃爼鞎堨棎電� 2024雲� 氚� 2023雲勳棎 膦呺霅� 靷梾鞐半弰鞐� 雽�頃� Resource Group鞚� 臧愳偓氤搓碃靹�(歃濍箼靹滊 99.3), 鞚胳垬毳� 氚橃榿頃� 氙戈皭靷� 頂勲韽ゴ毵� 鞐瓣舶 鞛靸來儨響� 氚� 鞛鞝滍憸(歃濍箼靹滊 99.4), 鞝曣磤 靾橃爼鞎�, Series A 鞝勴櫂鞖办劆欤检棎 雽�頃� Certificate of Designations, 鞎届啀鞏挫潓 氚� 氤措弰鞛愲 霌� 旮绊儉 歃濍箼靹滊臧� 韽暔霅橃柎 鞛堨姷雼堧嫟. 鞚措煬頃� 鞝滌稖靹滊電� 韴瀽鞛愲摛鞚� 瓯半灅臧� 頃╇硲須岇偓鞐� 氙胳箻電� 鞓來枼鞚� 韽夑皜頃橂姅 雿� 頃勳殧頃� 須岅硠鞝� 靹鸽秬靷暛鞚� 鞝滉车頃╇媹雼�.

Safe and Green Development Corporation a modifi茅 son rapport courant ant茅rieur afin de fournir les 茅tats financiers et les informations financi猫res pro forma li茅s 脿 l'acquisition de Resource Group US Holdings LLC. Resource Group reste la soci茅t茅 survivante et est d茅sormais une filiale enti猫rement d茅tenue par Safe and Green. L'amendement ajoute les 茅tats financiers audit茅s de Resource Group pour les exercices clos en 2024 et 2023 (Annexe 99.3), le bilan combin茅 pro forma et les 茅tats non audit茅s refl茅tant l'acquisition (Annexe 99.4), ainsi que d'autres annexes comprenant une modification des statuts, un Certificate of Designations pour les actions privil茅gi茅es convertibles de s茅rie A, des billets 脿 ordre (promissory notes) et un communiqu茅 de presse. Ces d茅p么ts fournissent les d茅tails comptables n茅cessaires aux investisseurs pour 茅valuer l'effet de la transaction sur la soci茅t茅 combin茅e.

Safe and Green Development Corporation hat ihren zuvor eingereichten aktuellen Bericht ge盲ndert, um Jahresabschl眉sse und Pro-forma-Finanzinformationen im Zusammenhang mit der 脺bernahme von Resource Group US Holdings LLC vorzulegen. Resource Group bleibt die 眉berlebende Gesellschaft und ist nun eine hundertprozentige Tochtergesellschaft von Safe and Green. Die 脛nderung f眉gt gepr眉fte Abschl眉sse von Resource Group f眉r die Jahre zum 2024 und 2023 (Anlage 99.3), eine ungepr眉fte pro-forma-kombinierte Bilanz und entsprechende Abschl眉sse, die die 脺bernahme abbilden (Anlage 99.4), sowie weitere Anlagen wie eine Satzungs盲nderung, ein Certificate of Designations f眉r Series-A wandelbare Vorzugsaktien, Schuldscheine und eine Pressemitteilung hinzu. Diese Einreichungen liefern die buchhalterischen Details, die Investoren ben枚tigen, um die Auswirkungen der Transaktion auf das kombinierte Unternehmen zu bewerten.

Positive
  • Acquisition consummated: Resource Group US Holdings LLC now serves as a wholly owned subsidiary of Safe and Green.
  • Audited financials provided: Exhibit 99.3 includes audited balance sheets and related statements for Resource Group for the two most recent years.
  • Pro forma information furnished: Exhibit 99.4 includes unaudited pro forma combined balance sheet and statements to show the acquisition's effect.
  • Supplemental exhibits filed: Includes amendment to bylaws, Certificate of Designations for Series A Convertible Preferred Stock, promissory notes, and a press release, enhancing disclosure.
Negative
  • None.

Insights

Acquisition closed; amendment supplies audited and pro forma financials for investor assessment.

The filing confirms the definitive purchase agreement was consummated and that Resource Group now operates as a wholly owned subsidiary. By furnishing audited historical financial statements for Resource Group and unaudited pro forma combined financial information, the company enables stakeholders to evaluate the transaction's accounting impact on the balance sheet and results of operations. The inclusion of transactional exhibits鈥攁n amendment to the purchase agreement, promissory notes and a Certificate of Designations鈥攑rovides transparency into the deal structure and related financing or equity instruments.

Provides material financial transparency: audited target statements plus pro forma combined results and interim statements.

The amendment supplements the original report by adding audited Resource Group statements (two years) and unaudited pro forma combined statements and balance sheets, which are essential for modeling the combined company's historical performance and capital structure. The filing also furnishes unaudited interim financials for the target and multiple exhibits that may affect capitalization, including a Certificate of Designations for Series A Convertible Preferred Stock and promissory notes. Together these items are impactful for financial due diligence and valuation adjustments.

Safe and Green Development Corporation ha modificato il precedente rapporto corrente per integrare i bilanci e le informazioni finanziarie pro forma relative all'acquisizione di Resource Group US Holdings LLC. Resource Group rimane la societ脿 risultante ed 猫 ora una controllata interamente posseduta da Safe and Green. L'emendamento include i bilanci revisionati di Resource Group per gli esercizi chiusi al 2024 e al 2023 (Allegato 99.3), lo stato patrimoniale pro forma combinato e le relative rendicontazioni non revisionate che riflettono l'acquisizione (Allegato 99.4), oltre ad altri allegati quali una modifica dello statuto, un Certificate of Designations per le azioni privilegiate convertibili Serie A, cambiali e un comunicato stampa. Questi documenti forniscono i dettagli contabili necessari agli investitori per valutare l'impatto della transazione sulla societ脿 risultante.

Safe and Green Development Corporation modific贸 su informe actual anterior para incluir estados financieros e informaci贸n financiera pro forma relacionados con la adquisici贸n de Resource Group US Holdings LLC. Resource Group contin煤a como la compa帽铆a sobreviviente y ahora es una filial de propiedad total de Safe and Green. La enmienda a帽ade estados financieros auditados de Resource Group correspondientes a los ejercicios cerrados en 2024 y 2023 (Anexo 99.3), un balance combinado pro forma y estados no auditados que reflejan la adquisici贸n (Anexo 99.4), y otros anexos como una modificaci贸n de los estatutos, un Certificate of Designations para las acciones preferentes convertibles Serie A, pagar茅s y un comunicado de prensa. Estas presentaciones aportan los detalles contables que los inversores necesitan para evaluar el efecto de la operaci贸n sobre la compa帽铆a combinada.

Safe and Green Development Corporation電� 鞚挫爠鞐� 鞝滌稖頃� 順勳灛 氤搓碃靹滊ゼ 靾橃爼頃橃棳 Resource Group US Holdings LLC 鞚胳垬鞕� 甏�霠悳 鞛鞝滍憸 氚� 頂勲韽ゴ毵� 鞛鞝曤炒毳� 於旉皜搿� 鞝滉车頄堨姷雼堧嫟. Resource Group電� 臁挫啀 氩曥澑鞙茧 雮晞 鞛堨溂氅� 鞚挫牅 Safe and Green鞚� 鞕勳爠 鞛愴殞靷皜 霅橃棃鞀惦媹雼�. 鞚措矆 靾橃爼鞎堨棎電� 2024雲� 氚� 2023雲勳棎 膦呺霅� 靷梾鞐半弰鞐� 雽�頃� Resource Group鞚� 臧愳偓氤搓碃靹�(歃濍箼靹滊 99.3), 鞚胳垬毳� 氚橃榿頃� 氙戈皭靷� 頂勲韽ゴ毵� 鞐瓣舶 鞛靸來儨響� 氚� 鞛鞝滍憸(歃濍箼靹滊 99.4), 鞝曣磤 靾橃爼鞎�, Series A 鞝勴櫂鞖办劆欤检棎 雽�頃� Certificate of Designations, 鞎届啀鞏挫潓 氚� 氤措弰鞛愲 霌� 旮绊儉 歃濍箼靹滊臧� 韽暔霅橃柎 鞛堨姷雼堧嫟. 鞚措煬頃� 鞝滌稖靹滊電� 韴瀽鞛愲摛鞚� 瓯半灅臧� 頃╇硲須岇偓鞐� 氙胳箻電� 鞓來枼鞚� 韽夑皜頃橂姅 雿� 頃勳殧頃� 須岅硠鞝� 靹鸽秬靷暛鞚� 鞝滉车頃╇媹雼�.

Safe and Green Development Corporation a modifi茅 son rapport courant ant茅rieur afin de fournir les 茅tats financiers et les informations financi猫res pro forma li茅s 脿 l'acquisition de Resource Group US Holdings LLC. Resource Group reste la soci茅t茅 survivante et est d茅sormais une filiale enti猫rement d茅tenue par Safe and Green. L'amendement ajoute les 茅tats financiers audit茅s de Resource Group pour les exercices clos en 2024 et 2023 (Annexe 99.3), le bilan combin茅 pro forma et les 茅tats non audit茅s refl茅tant l'acquisition (Annexe 99.4), ainsi que d'autres annexes comprenant une modification des statuts, un Certificate of Designations pour les actions privil茅gi茅es convertibles de s茅rie A, des billets 脿 ordre (promissory notes) et un communiqu茅 de presse. Ces d茅p么ts fournissent les d茅tails comptables n茅cessaires aux investisseurs pour 茅valuer l'effet de la transaction sur la soci茅t茅 combin茅e.

Safe and Green Development Corporation hat ihren zuvor eingereichten aktuellen Bericht ge盲ndert, um Jahresabschl眉sse und Pro-forma-Finanzinformationen im Zusammenhang mit der 脺bernahme von Resource Group US Holdings LLC vorzulegen. Resource Group bleibt die 眉berlebende Gesellschaft und ist nun eine hundertprozentige Tochtergesellschaft von Safe and Green. Die 脛nderung f眉gt gepr眉fte Abschl眉sse von Resource Group f眉r die Jahre zum 2024 und 2023 (Anlage 99.3), eine ungepr眉fte pro-forma-kombinierte Bilanz und entsprechende Abschl眉sse, die die 脺bernahme abbilden (Anlage 99.4), sowie weitere Anlagen wie eine Satzungs盲nderung, ein Certificate of Designations f眉r Series-A wandelbare Vorzugsaktien, Schuldscheine und eine Pressemitteilung hinzu. Diese Einreichungen liefern die buchhalterischen Details, die Investoren ben枚tigen, um die Auswirkungen der Transaktion auf das kombinierte Unternehmen zu bewerten.

true 0001959023 0001959023 2025-05-29 2025-05-29 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

UNITED STATES 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K/A

(Amendment No. 1)

 

CURRENT REPORT

 

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported): May 29, 2025

 

SAFE AND GREEN DEVELOPMENT CORPORATION

(Exact Name of Registrant as Specified in its Charter)

 

Delaware   001-41581   87-1375590
(State or Other Jurisdiction
of Incorporation)		   (Commission File Number)   (I.R.S. Employer
Identification Number)

 

100 Biscayne Blvd, #1201

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 $0.001‌   SGD   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. ☐ 

 

 

 

 

 

 

Explanatory Note

 

On February 25, 2025, Safe and Green Development Corporation (the “Company” or “SGD”) entered into a definitive Membership Interest Purchase Agreement (the “Purchase Agreement”) with Resource Group US Holdings LLC (“Resource Group”), a Florida limited liability company, and its equityholders. On June 2, 2025, pursuant to an amendment to the Purchase Agreement (the “Amendment”), the Company consummated the acquisition of all of the issued and outstanding membership interests of Resource Group, with Resource Group continuing as the surviving company and becoming a wholly owned subsidiary of the Company (the “Acquisition”).

 

On June 4, 2025, the Company filed with the Securities and Exchange Commission a Current Report on Form 8-K (the “Original Form 8-K”) to report the consummation of the Acquisition. Among other things, this Amendment No. 1 to the Original Form 8-K amends and supplements Item 9.01 of the Original Form 8-K to provide the financial statements and pro forma financial information required under Items 9.01(a) and (b) of Form 8-K, which were excluded from the Original Form 8-K in reliance on the instructions to such items.

 

1

 

 

Item 9.01. Financial Statements and Exhibits

 

(a)Financial Statements of Businesses Acquired

 

(i)The audited balance sheets of Resource Group US Holdings LLC as of December 31, 2024 and 2023, and the related statements of operations, changes in member’s deficit, and cash flows for the years then ended, are included as Exhibit 99.3 to this Report and are incorporated by reference herein.

 

(b)Pro Forma Financial Information

 

(i)The unaudited pro forma combined balance sheet of Safe and Green Development Corporation as of March 31, 2025, December 31, 2024 and December 2023, and the unaudited pro forma combined statements of operations for the three months ended March 31, 2025 and 2024 and the years ended December 31, 2024 and 2023, giving effect to the Acquisition as if it had occurred on January 1, 2023, are included as Exhibit 99.4 to this Report and are incorporated by reference herein.

 

(c) Exhibits

 

The following exhibits are filed with this Current Report on Form 8-K:

 

Exhibit
Number		   Exhibit Description
3.1+     Amendment No. 1 to the Amended and Restated Bylaws
4.1+     Certificate of Designations of Series A Convertible Preferred Stock
10.1+     Amendment to Membership Interest Purchase Agreement
10.2+     Form of Promissory Note
10.3+     Note issued to James Burnham 
99.1++   Press Release dated June 3, 2025
99.2+   Pro Forma Balance Sheet
99.3   Audited Financial Statements of Resource Group US Holdings LLC for the years ended December 31, 2024 and 2023
99.4     Unaudited Pro Forma Combined Financial Information of Safe and Green Development Corporation
99.5   Unaudited Financial Statements of Resource Group US Holdings LLC for the three months ended March 31, 2025 and March 31, 2024
104   Cover Page Interactive Data File (embedded within the Inline XBRL document).

 

+ Previously filed
++ Previously furnished

 

2

 

 

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 AND GREEN DEVELOPMENT CORPORATION
     
Dated: August 12, 2025 By: /s/ Nicolai Brune
    Name:  Nicolai Brune
    Title: Chief Financial Officer

 

3

 

Source:

FAQ

What did Safe and Green (SGD) acquire?

All issued and outstanding membership interests of Resource Group US Holdings LLC, with Resource Group continuing as the surviving company and becoming a wholly owned subsidiary.

Does the amendment include audited financial statements for the acquired company?

Yes. Audited balance sheets and related statements of Resource Group for the years ended 2024 and 2023 are filed as Exhibit 99.3.

Is pro forma financial information provided to show the combined results?

Yes. Unaudited pro forma combined balance sheet and statements giving effect to the Acquisition are included as Exhibit 99.4.

Are there interim or quarterly financials for the acquired business?

Yes. Unaudited financial statements of Resource Group for the three months ended March 31, 2025 and March 31, 2024 are included as Exhibit 99.5.

What other material exhibits were filed with the amendment?

Exhibits include Amendment No. 1 to the bylaws (3.1), Certificate of Designations for Series A Convertible Preferred Stock (4.1), amendments and notes related to the Purchase Agreement (10.1, 10.2, 10.3), a press release (99.1), and the cover page interactive data file (104).
Stock SGD logo
Safe & Green Development Corp

NASDAQ:SGD

SGD Rankings

#6450 Ranked by Market Cap
N/A Ranked by Dividends
#34 Top Loser

SGD Latest News

Aug 18, 2025
Safe and Green Development Corporation Reports Over 3,200% Year-Over-Year Revenue Growth in Q2 2025; Resource Group Integration Positions Company for Accelerated Second-Half Performance
Jul 1, 2025
Safe and Green Development Announces Two Sites Appraised at $9.9 Million
Jun 20, 2025
Safe and Green Development Appoints New Board Members Following Acquisition of Resource Group US Holdings LLC
Jun 11, 2025
Safe and Green Development Announces Strategic Plan to Unlock Shareholder Value Post-Acquisition
Jun 3, 2025
Safe and Green Development Corporation Achieves Strategic Milestone with Acquisition of Resource Group

SGD Latest SEC Filings

Aug 18, 2025
[8-K] Safe and Green Development Corporation Reports Material Event
Aug 14, 2025
[SCHEDULE 13G/A] Safe and Green Development Corporation SEC Filing
Aug 4, 2025
[8-K] Safe and Green Development Corporation Reports Material Event
Jul 11, 2025
[Form 3] Safe and Green Development Corporation Initial Statement of Beneficial Ownership
Jul 11, 2025
[Form 3] Safe and Green Development Corporation Initial Statement of Beneficial Ownership

SGD Stock Data

2.64M
1.64M
39.12%
6.28%
2.61%
AG真人官方 Estate - Development
AG真人官方 Estate
United States
JACKSONVILLE