10:58 AM EDT, 10/16/2025 (MT Newswires) -- Safe and Green Development ( SGD ) said Thursday it agreed to a $9 million private investment in public equity financing through the sale of series B non-voting convertible preferred stock and warrants.

The company said it is selling 360,000 preferred shares convertible at $1.36 per share into about 6.6 million common shares, along with warrants to buy an equal number of shares at the same price. Each unit is being sold at $25.

The offering is expected to close around Friday, subject to customary closing conditions, the real estate development company said.

Safe and Green said it will use part of the proceeds to expand operations at its Resource Group site in Myakka City, Florida, reduce debt, and fund working capital and strategic initiatives.

Shares were down 9.1% in recent Thursday trading.

Price: 1.10, Change: -0.11, Percent Change: -9.09