Lucosky Brookman LLP Represents D. Boral Capital in $8 Million Private Placement for Safe & Green Holdings Corp.
Lucosky Brookman LLP served as legal counsel to D. Boral Capital LLC in connection with its role as Exclusive Placement Agent for the private placement transaction of Safe & Green Holdings Corp. (Nasdaq: SGBX) (“Safe & Green Holdings” or the “Company”), which successfully closed on April 14, 2025, generating gross proceeds of approximately $8.0 million before fees and expenses.
Safe & Green Holdings, a leading developer, designer, and fabricator of modular structures, entered into definitive securities purchase agreements with institutional and accredited investors for the private placement of 20,408,160 Common Units (or Pre-Funded Units) priced at $0.392 per unit, at-the-market under Nasdaq rules.
Each unit consists of one share of common stock (or one Pre-Funded Warrant), one Series A Registered Common Warrant to purchase one share of common stock at an exercise price of $0.784 per share, and one Series B Registered Common Warrant to purchase one share of common stock at an exercise price of $0.98 per share. The Series A Warrants will be exercisable following stockholder approval and will expire sixty (60) months thereafter, while the Series B Warrants will be exercisable following stockholder approval and expire thirty (30) months thereafter.
The Company intends to use the net proceeds from the offering, together with existing cash, for working capital, general corporate purposes, and equipment for expansion.
Lucosky Brookman LLP, Woodbridge, NJ, acted as counsel to the placement agent in connection with the offering. D. Boral Capital acted as the Exclusive Placement Agent for the offering.
Lucosky Brookman LLP was pleased to represent D. Boral Capital in connection with this significant financing transaction, further reinforcing the firm’s ongoing commitment to advising active placement agents, financial sponsors, and dynamic growth companies across a range of sectors.