Safe & Green Holdings Corp. Announces Receipt of Nasdaq Notification
24 Abril 2024 - 7:30AM
Safe & Green Holdings Corp. (NASDAQ: SGBX)( Safe & Green
Holdings” or the “Company”), a leading developer, designer, and
fabricator of modular structures for residential, commercial, and
point-of-care medicine, today announced that the Company received a
letter from the Nasdaq Listing Qualifications (the “Letter”),
indicating that since the Company has not yet filed its Form 10-K
for the year ended December 31, 2023, the Company is not in
compliance with the continued listing requirement set forth in
Nasdaq Listing Rule 5250(c)(1), which requires listed companies to
timely file periodic financial reports with the Securities and
Exchange Commission. Under the Letter, the Company now has 60
calendar days to submit a plan to regain compliance and if the plan
is accepted, the Company can be granted an exception of up to 180
days from the Filing’s due date, or until October 14, 2024, to
regain compliance. The Company plans to file its Form 10-K
imminently.
The Letter has no immediate effect on the
Company’s Nasdaq listing or the trading of its shares of common
stock, and during the grace period, as may be extended, shares of
Safe and Green Holdings Corp. common stock will continue to trade
on the Nasdaq Capital Market under the symbol “SGBX”, subject to
the Company’s compliance with the other continued listing
requirements.
About Safe & Green Holdings Corp.
Safe & Green Holdings Corp., a leading
modular solutions company, operates under core capabilities which
include the development, design, and fabrication of modular
structures, meeting the demand for safe and green solutions across
various industries. The firm supports third-party and in-house
developers, architects, builders, and owners in achieving faster
execution, greener construction, and buildings of higher value. The
Company’s subsidiary, Safe and Green Development Corporation, is a
leading real estate development company. Formed in 2021, it focuses
on the development of sites using purpose-built, prefabricated
modules built from both wood and steel, sourced from one of SG
Holdings’ factories and operated by the SG Echo subsidiary. For
more information, visit https://www.safeandgreenholdings.com/ and
follow us at @SGHcorp on Twitter.
Safe Harbor Statement
Certain statements in this press release
constitute "forward-looking statements" within the meaning of the
federal securities laws. Words such as "may," "might," "will,"
"should," "believe," "expect," "anticipate," "estimate,"
"continue," "predict," "forecast," "project," "plan," "intend" or
similar expressions, or statements regarding intent, belief, or
current expectations, are forward-looking statements. These
forward-looking statements are based upon current estimates and
assumptions. While the Company believes these forward-looking
statements are reasonable, undue reliance should not be placed on
any such forward-looking statements, which are based on information
available to us on the date of this release. These forward-looking
statements are subject to various risks and uncertainties, many of
which are difficult to predict that could cause actual results to
differ materially from current expectations and assumptions from
those set forth or implied by any forward-looking statements. A
discussion of some of the material risks applicable to the Company
can be found in the Company’s annual report on Form 10-K for the
year ended December 31, 2022 and in subsequent reports filed with
the Securities and Exchange Commission. The information in this
release is provided only as of the date of this release, and we
undertake no obligation to update any forward-looking statements
contained in this release on account of new information, future
events, or otherwise, except as required by law.
Investor Relations:Crescendo Communications,
LLC212-671-1020SGBX@crescendo-ir.com
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