Safe and Green Development Corp. $(SGD)$ has announced it has entered into a securities purchase agreement for a $9.0 million private investment in public equity $(PIPE)$ financing. The company is selling 360,000 shares of Series B Non-Voting Convertible Preferred Stock, each share convertible at $1.36 per share into a total of 6,617,647 shares of common stock. In addition, investors will receive warrants to purchase up to 6,617,647 shares of common stock at an exercise price of $1.36 per share. The combined price for each unit, consisting of one share of Preferred Stock and an accompanying warrant, is $25.00. The warrants are not exercisable until shareholder approval and will expire two and a half years after such approval. Dawson James served as the sole placement agent for the offering. The company plans to file registration statements with the SEC to cover the resale of the shares of common stock issuable upon conversion of the Preferred Stock and exercise of the warrants.