Skip to main content

SAFE & GREEN HOLDINGS CORP.

For the period ended Dec 31, 2024. Filed Apr 1, 2025.

View on SEC.gov

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Apr 1, 2025

OLOX$0.70+1.3%Stored close · as of Nov 6, 2026
See the whole filing, with its images and exhibits
Contents

Cover page

Show cover page

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-K

☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended December 31, 2024

OR

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ____________ to ____________

Commission file number:001-38037

SAFE & GREEN HOLDINGS CORP.

(Exact name of registrant as specified in its charter)

Delaware95-4463937
(State or other jurisdiction of(I.R.S. Employer
incorporation or organization)Identification No.)
990 Biscayne Blvd., #501, Office 12, Miami, Florida33132
(Address of principal executive offices)(Zip Code)

(646) 240-4235

(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, par value $0.01 per shareSGBXThe Nasdaq Stock Market LLC

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☐ No ☒

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ☐ No ☒

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12 b-2 of the Exchange Act.

Large accelerated filer☐Accelerated filer☐
Non-accelerated filer☒Smaller reporting company☒
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.☐

Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.☐

If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements. ☐

Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to§240.10D-1(b). ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12 b-2 of the Act). Yes ☐ No ☒

The aggregate market value of the common stock held by non-affiliates of the registrant based on the closing price of the shares of common stock on the Nasdaq Capital Market on June 30, 2024 was approximately $4,816,024.

As of March 28, 2025, the registrant had a total of 6,389,041 shares of common stock outstanding.

DOCUMENTS INCORPORATED BY REFERENCE

None

FORM 10-K

TABLE OF CONTENTSPage
PART I1
Item 1.Business.3
Item 1A.Risk Factors.11
Item 1B.Unresolved Staff Comments.27
Item 1C.Cybersecurity27
Item 2.Properties.28
Item 3.Legal Proceedings.28
Item 4.Mine Safety Disclosures.28
PART II29
Item 5.Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.29
Item 6.Reserved30
Item 7.Management’s Discussion and Analysis of Financial Condition and Results of Operations.31
Item 7A.Quantitative and Qualitative Disclosures About Market Risk.40
Item 8.Financial Statements and Supplementary Data.40
Item 9.Changes in and Disagreements with Accountants on Accounting and Financial Disclosure.41
Item 9A.Controls and Procedures.41
Item 9B.Other Information41
Item 9C.Disclosure Regarding Foreign Jurisdictions that Prevent Inspections29
PART III42
Item 10.Directors, Executive Officers and Corporate Governance.42
Item 11.Executive Compensation.48
Item 12.Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.55
Item 13.Certain Relationships and Related Transactions, and Director Independence.57
Item 14.Principal Accountant Fees and Services.61
PART IV62
Item 15.Exhibit and Financial Statement Schedules.62
SIGNATURES73
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.