Safe & Green Holdings Corp. Faces Delisting Notice

TL;DR

SGHI might get delisted, check exchange rules.

AI Summary

Safe & Green Holdings Corp. filed an 8-K on December 12, 2024, to report a notice of delisting or failure to satisfy a continued listing rule. The company, formerly known as SG Blocks, Inc., is incorporated in Delaware and has its principal executive offices in Brooklyn, NY.

Why It Matters

This filing indicates potential issues with the company's compliance with stock exchange listing standards, which could impact its ability to remain publicly traded.

Risk Assessment

Risk Level: high — A notice of delisting directly threatens the company's public trading status and investor liquidity.

Key Numbers

• 001-38037 — Commission File Number (Identifies the company's SEC filing history)
• 95-4463937 — I.R.S. Employer Identification Number (Company's tax identification number)

Key Players & Entities

• SAFE & GREEN HOLDINGS CORP. (company) — Registrant
• SG BLOCKS, INC. (company) — Former Company Name
• December 12, 2024 (date) — Date of earliest event reported
• Delaware (jurisdiction) — State of Incorporation
• Brooklyn, NY (location) — Business Address City and State

FAQ

Key Financial Figures

• $0.01 — ch Registered Common Stock, par value $0.01 SGBX The Nasdaq Stock Market LLC
• $1.00 — maintain a minimum closing bid price of $1.00 per share (the "Minimum Bid Price Requi
• $0.10 — the Company's common stock is less than $0.10 for ten consecutive trading days during

Filing Documents

• ea0224928-8k_safeandgreen.htm (8-K) — 29KB
• 0001213900-24-109286.txt ( ) — 202KB
• sgbx-20241212.xsd (EX-101.SCH) — 3KB
• sgbx-20241212_lab.xml (EX-101.LAB) — 33KB
• sgbx-20241212_pre.xml (EX-101.PRE) — 22KB
• ea0224928-8k_safeandgreen_htm.xml (XML) — 4KB

01 Notice of Delisting or Failure to

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. On December 12, 2024, Safe & Green Holdings Corp. (the "Company") received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that for the preceding 30 consecutive business days (October 30, 2024 through December 11, 2024), the Company's common stock did not maintain a minimum closing bid price of $1.00 per share (the "Minimum Bid Price Requirement") as required by Nasdaq Listing Rule 5550(a)(2). The notice has no immediate effect on the listing or trading of the Company's common stock and the common stock will continue to trade on The Nasdaq Capital Market under the symbol "SGBX." In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has an initial compliance period of 180 calendar days, or until June 10, 2025, to regain compliance with Nasdaq Listing Rule 5550(a)(2). Compliance may be achieved if the closing bid price of the Company's common stock is at or above $1.00 for a minimum of ten consecutive business days at any time during the 180-day compliance period, in which case Nasdaq will notify the Company of its compliance and the matter will be closed, unless Nasdaq exercises its discretion to extend the ten-day period. If, however, the Company does not achieve compliance with the Minimum Bid Price Requirement by June 10, 2025, the Company may be eligible for additional time to comply. In order to be eligible for such additional time, the Company will be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market, with the exception of the Minimum Bid Price Requirement, and must notify Nasdaq in writing of its intention to cure the deficiency during the second compliance period. If it appears to Nasdaq that the Company will not be able to cure the deficiency in the second

Forward-Looking Statements

Forward-Looking Statements This Current Report on Form 8-K contains "forward-looking Act of 1934, as amended. These forward-looking statements include all statements, other than statements of historical fact, regarding our current views and assumptions with respect to future events regarding our business, including statements with respect to our plans, assumptions, expectations, beliefs and objectives with respect to our ability to comply with the listing requirements of Nasdaq, and other "should," "would," "believe," "anticipate," "forecast," "estimate," "expect," "intend," "plan," "continue," "outlook," "will," "potential" and similar statements of a future or forward-looking nature. Readers are cautioned that any forward-looking information provided by us or on our behalf is not a guarantee of future performance. Actual results may differ materially from those contained in these forward-looking our Annual Report on Form 10-K for the year ended December 31, 2023 and subsequent Quarterly Reports on Form 10-Q. All forward-looking whether as a result of new information, future events or otherwise, except to the extent required by law. 1

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. SAFE & GREEN HOLDINGS CORP. Dated: December 16, 2024 By: /s/ Patricia Kaelin Name: Paticia Kaelin Title: Chief Financial Officer 2

View Full Filing

View this 8-K filing on SEC EDGAR