Sg Blocks, Inc. (SGBX) Announces Proposed Common Share Offering

SG Blocks, Inc. (NASDAQ: SGBX), a leading designer, fabricator and innovator of container-based structures, today announced that it intends to offer and sell shares of its common stock in an underwritten public offering. SG Blocks expects to grant the underwriters a 45-day option to purchase additional shares of common stock offered in the public offering. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

SG Blocks intends to use the net proceeds from the proposed offering for working capital.

ThinkEquity, a division of Fordham Financial Management, Inc., is acting as representative of the underwriters in the offering.

You May Also Be Interested In

• Denarius Metals acquires 15% stake in Copper Giant, Trafigura invests
• ESS Tech closes $3.2M stock offering at $0.50 per share
• Nuvectis Pharma (NVCT) files $200M mixed shelf