Safe & Green Holdings Corp. Secures Nasdaq Extension for Compliance

Safe & Green Holdings Corp., listed under Nasdaq with the symbol SGBX, announced they received an extension from Nasdaq to meet the exchange's continued listing requirements. This follows the company's progress in strategic initiatives, especially the reverse stock split.

The Nasdaq Hearings Panel recognized Safe & Green's progress towards completing the reverse stock split and allowed more time for the process. The extension requires the company to finalize the split and maintain a minimum bid price of $1.00 per share for ten consecutive trading days by September 22, 2025.

CEO Mike Mclaren expressed confidence in meeting these requirements and stressed the importance of maintaining their Nasdaq listing for investors and the company's future growth strategy. Safe & Green has fulfilled previous milestones and is committed to full compliance with all listing standards.