SG Blocks, Inc. Announces Pricing of Public Offering and NASDAQ Listing

BROOKLYN, NY--(Marketwired - Jun 21, 2017) - SG Blocks, Inc. (NASDAQ: SGBX) ("SG Blocks" or the "Company"), a premier designer, innovator and fabricator of container-based structures, today announced the pricing of its initial public offering of 1,500,000 shares of its common stock at a public offering price of $5.00 per share. All of the shares of common stock are being offered by SG Blocks. The shares are expected to begin trading on the NASDAQ Capital Market on June 22, 2017 under the ticker symbol "SGBX". In addition, SG Blocks has granted the underwriters a 45-day option to purchase from SG Blocks up to an additional 225,000 shares of common stock at the initial public offering price, less the underwriting discount.

The gross proceeds to SG Blocks from this offering are expected to be $7,500,000, prior to deducting underwriting discounts, commissions and other estimated offering expenses.

SG Blocks plans to use the net proceeds from the offering for working capital and other general corporate purposes and to repay the remaining portion of the Company's outstanding debt.

The offering is expected to close on or about June 27, 2017, subject to customary closing conditions.

Joseph Gunnar & Co., LLC is acting as sole book-running manager for the offering.

The Securities and Exchange Commission declared effective a registration statement on Form S-1 relating to these securities on June 13, 2017. A final prospectus relating to this offering will be filed with the SEC. The offering is being made only by means of a prospectus. Copies of the prospectus relating to the offering may be obtained by contacting Joseph Gunnar & Co, LLC, Prospectus Department, 30 Broad Street, 11th Floor, New York, NY 10004, telephone [phone], email: [e-mail]. Investors may also obtain these documents at no cost by visiting the Securities and Exchange Commission's website at http://www.sec.gov. Before you invest, you should read the prospectus and other documents the Company has filed or will file with the Securities and Exchange Commission for more complete information about the Company and the offering.