From GlobeNewswire: 2024-04-30 10:15:00

Safe & Green Holdings Corp. (NASDAQ: SGBX) plans a 1-for-20 reverse stock split effective May 2, 2024, to meet Nasdaq’s minimum bid price requirements. The new CUSIP number post-split will be 78418A604, with par value remaining at $0.01. Fractional shares will be converted to cash. No action required by stockholders, adjustments will be made electronically. Safe & Green focuses on modular solutions for various industries and operates Safe and Green Development Corporation. CEO Paul Galvin is optimistic about the company’s future prospects post-reverse split. For more information, visit their website or follow @SGHcorp on Twitter.

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