Safe and Green Development Corporation Secures Strategic Investment of up to $10 Million from Arena Investors

Core Insights - Safe and Green Development Corporation (SG Devco) has successfully closed a strategic purchase agreement for funding of up to $10 million from Arena Investors, LP, which is expected to accelerate SG Devco's growth and enhance its real estate development capabilities [1][2] - The initial funding amount is$1.38 million, with access to subsequent tranches potentially increasing the total to $10.27 million, subject to various conditions [2][6] - SG Devco has also entered into an equity line of credit purchase agreement with Arena Business Solutions, allowing the company to potentially raise up to$50 million [2][6] Company Overview - SG Devco is a real estate development company formed in 2021, focusing on innovative and sustainable projects using prefabricated modules made from wood and steel [3] - The company aims to develop strong, green, single or multifamily projects across various income and asset classes [3] - SG Devco's subsidiary, Majestic World Holdings LLC, has created a real estate AI platform to decentralize the real estate marketplace, integrating various stakeholders into an AI-driven environment [3] Arena Investors Overview - Arena Investors is an institutional asset manager with approximately $3.5 billion in assets under management, known for providing creative capital solutions [4] - The firm has a global presence with over 180 employees and specializes in complex financial transactions that traditional banks may not address [4]