Safe & Green Plunges 11.69% Despite Legal Victory

On June 6, 2025, Safe & Green experienced a significant drop of 11.69% in pre-market trading, reflecting a notable shift in investor sentiment.

Safe & Green Holdings recently received a court-ordered award of over $1.1 million for attorney's fees and costs as part of its ongoing litigation against EDI International. This award is in addition to a previous jury verdict of $1.274 million in favor of the company, bringing the total potential recovery to approximately $2.4 million. The court's decision to order EDI to pay these legal fees is a significant development that could bolster investor confidence in Safe & Green's legal strategy and its ability to recover costs associated with the litigation.

Mike McLaren, Chairman and CEO of Safe & Green Holdings, expressed satisfaction with the court's decision, stating that it further validates the company's case against EDI. This legal victory is expected to have a positive impact on the company's financial health and its ability to continue pursuing its business objectives. The ongoing litigation and the associated legal fees have been a significant burden for Safe & Green, and the court's decision to award these costs is a welcome relief for the company and its shareholders.