Safe & Green Holdings settles litigation with EDI International

Safe & Green Holdings Corp. (NASDAQ: SGBX) announced that its subsidiary SG Blocks has reached a settlement agreement with EDI International, PC and PVE, LLC, resolving all outstanding litigation between the parties.

The settlement agreement was executed on September 11, 2025, according to the company's statement. Under the terms, EDI/PVE agreed to pay SG Blocks an undisclosed amount to settle matters related to Los Angeles Superior Court Case No. 19STCV21725.

Upon receipt of payment, SG Blocks will file an acknowledgment of satisfaction of judgment and both parties will dismiss all pending appeals with prejudice. The agreement includes mutual releases of all claims.

"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.

The company stated the settlement strengthens its balance sheet and eliminates ongoing legal costs. Safe & Green Holdings had provided prior public updates on the case since December 2024.

Safe & Green Holdings operates as a modular solutions company that designs, manufactures and delivers sustainable construction projects through its subsidiaries.

You May Also Be Interested In

• Correction: Kepler Cheuvreux Upgrades Siemens AG (SIE:GR) (SIEGY) to Hold
• HSBC Downgrades Stellantis NV (STLA:IM) (STLA) to Reduce
• Midera Food Processing and Centrus Energy to join S&P SmallCap 600