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Safe & Green Holdings Corp.
Safe & Green Holdings Corp. is a visionary force in modular construction, combining cutting-edge manufacturing, sustainable development, and innovative healthcare solutions to reshape how the world builds. ProudlyMade-in-America, the company operates advanced modular manufacturing facilities where paper blueprints evolve into high-quality, precision-built structures. With deep expertise in both steel and wood modular systems, Safe & Green transforms traditional construction through state-of-the-art processes that prioritize efficiency, sustainability, and scalability. Through its real estate arm, SG DevCorp, the company develops eco-conscious single and multifamily housing projects tailored to a wide range of communities and income levels—all powered by its vertically integrated factories. In healthcare, Safe & Green pioneers the modular future of medicine by delivering portable, customizable medical labs and clinics to underserved regions, reducing the sector’s carbon footprint and expanding access to care. From waste-reducing prefab container units to next-generation modular clinics and homes, Safe & Green is not just building structures—it’s building a smarter, greener world.
Most Notable Catalysts for SGBX:
Leadership & Strategic Vision:
●Appointed Michael McLaren as Chief Executive Officer and Jim Pendergrast as Chief Operating Officer, strengthening the executive team with experienced leadership.
● Positioned for accelerated growth with a focus on modular construction, sustainable infrastructure, and energy innovation.
Strategic Mergers & Acquisitions:
●Entered into a Definitive Merger Agreement with Olenox Corp. and Machfu Inc., enhancing capabilities in the energy sector and Industrial Internet of Things (IIoT).
●Announced agreement to acquire County Line Industrial, LLC, expanding in-house welding and fabrication services and increasing margins across modular and oil & gas segments.
●Through Olenox, acquired a 51% stake in Winchester Oil & Gas, LLC, gaining access to over 500 producing wells in Texas and setting the stage for a production boost in Q2 2025.
●Entered into a Merger Agreement with New Asia Holdings, Inc. (NAHD) to further expand strategic holdings, pending shareholder approval.
Operational Achievements:
●Completed two major modular construction projects for a U.S. Government contractor.
●Secured two new contracts for modular construction, reflecting continued demand for sustainable building solutions.
●Won a $1.3 million legal judgment in litigation against EDI International and PVE, with potential additional awards for interest and legal costs.
New Business Development:
●Signed a new construction contract with Troy Vines, Inc., leveraging capabilities gained from the County Line acquisition to rebuild industrial systems in Texas.
●Actively expanding opportunities within the oil & gas services market, driven by synergies between SG Echo and Olenox operations.
Financial Highlights (Year Ended December
31, 2024):
●Revenue: $4.9 million, compared to $15.5 million in 2023, reflecting a temporary decline in construction activity.
●Gross Loss: Reduced to $244,077 in 2024 from $2.55 million in 2023, showing improved cost controls.
●Operating Expenses: $9.4 million in 2024, significantly down from $19.2 million in 2023.
●Net Loss: Narrowed to $22.6 million ($10.53/share) from $26.2 million ($34.03/share) in 2023.
●Adjusted EBITDA: Improved to a loss of $9.4 million versus a $20.8 million loss in the prior year—demonstrating significant financial progress.
Capital & Liquidity:
●Raised approximately $8 million through a private placement offering, providing financial flexibility to support strategic initiatives.
●The offering included common stock and warrants, structured to maximize shareholder value while funding expansion.
Outlook & CEO Statement:
●CEO Michael McLaren emphasized the company's renewed strategic direction: integrating modular infrastructure with advanced energy and IIoT solutions.
●The Company anticipates stronger performance in 2025, with a diversified foundation to support long-term growth and innovation.
