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SG Blocks Inks Fabrication Agreement With Moliving

SG Blocks Inc (NASDAQ:SGBX) has entered into a fabrication agreement with Moliving Inc., a luxury nomadic hospitality solution. SG Blocks…
byAkanksha Bakshi
July 18, 2022
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  • SG Blocks Inc (NASDAQ:SGBX) has entered into a fabrication agreement with Moliving Inc., a luxury nomadic hospitality solution.
  • SG Blocks invested in Moliving and led an initial investment round in March 2022.
  • The fabrication agreement is valued at ~$15 million for an initial 60 units, all of which will be sent to Moliving’s Hurley House location, an eco-resort located in the sought-after Hudson Valley area.
  • The units will be built over three months at the SG Waldron Factory.
  • Jordan Bem, CEO of Moliving, also serves on the advisory board of SG Blocks.
  • Price Action: SGBX shares are trading lower by 2.85% at $1.69 on the last check Monday.
 
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