Safe & Green Holdings Corp. Acquires Giant Group America Inc.

Safe & Green Holdings Corp. has acquired 100% of the securities of Giant Group America Inc. for $3.5 million. The purchase price includes $1 million in cash, $750,000 in company stock (215,000 shares), and a $1.75 million promissory note payable over 24 months starting April 15, 2026, with 5% annual interest. Daniel Kroft, the seller, will be hired as VP of Business Development with a $250,000 annual salary and potential bonus. The acquisition includes Giant Group America Inc.’s existing customers and business pipeline, with $5 million in current contracts and an additional $22.5 million in projects under review or in the proposal phase. The agreement includes customary representations, warranties, and restrictive covenants, including non-competition and non-solicitation for two years. The company has also incorporated information regarding the creation of a direct financial obligation, referencing Item 1.01 of the filing, and listed exhibits including the Stock Purchase Agreement and Promissory Note.