Safe & Green Holdings Corp. (NASDAQ:SGBX) saw its stock rise 10.5% in premarket trading Thursday after announcing a settlement that resolves all pending litigation with EDI International, PC and PVE, LLC.
The company’s subsidiary, SG Blocks, Inc., finalized the settlement with EDI/PVE on September 11, 2025, under which EDI/PVE will pay SG Blocks an undisclosed sum to fully resolve the dispute filed in Los Angeles Superior Court. Once full payment is received, SG Blocks will submit an acknowledgment of satisfaction of judgment, and both parties will dismiss all pending appeals with prejudice.
The agreement also includes mutual releases of all claims, bringing closure to the long-standing litigation and removing uncertainty surrounding the case. The settlement is expected to strengthen Safe & Green’s balance sheet and eliminate ongoing legal expenses.
“We are pleased to bring this matter to a successful conclusion, delivering a significant recovery for SG Blocks while allowing us to fully focus on advancing our core operations,” said Mike Mclaren, CEO of Safe & Green Holdings.
Safe & Green Holdings has been providing updates on the case since December 2024. The company specializes in modular construction and sustainable development.
Safe & Green Holdings stock price
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