Safe & Green Development Corp. Faces Delisting Notice
Ticker: RENX · Form: 8-K · Filed: Jul 23, 2024 · CIK: 1959023
| Field | Detail |
|---|---|
| Company | Safe & Green Development Corp (RENX) |
| Form Type | 8-K |
| Filed Date | Jul 23, 2024 |
| Risk Level | high |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | bearish |
Sentiment: bearish
Topics: delisting, listing-rules, regulatory
Related Tickers: SGMD
TL;DR
SGMD might get delisted, check exchange status ASAP.
AI Summary
Safe & Green Development Corp. filed an 8-K on July 23, 2024, reporting a notice of delisting or failure to satisfy continued listing rules. The filing indicates a potential transfer of listing, though specific details regarding the reasons for delisting or the new listing venue are not provided in this excerpt. The company is incorporated in Delaware and its principal executive offices are located in Jacksonville, FL.
Why It Matters
This filing signals potential significant disruption for investors as the company may be removed from its current stock exchange, impacting liquidity and valuation.
Risk Assessment
Risk Level: high — A notice of delisting directly threatens the company's ability to trade on a major exchange, posing a severe risk to its market presence and investor confidence.
Key Players & Entities
- Safe & Green Development Corp. (company) — Registrant
- 0001213900-24-063322 (filing_id) — Accession Number
- July 22, 2024 (date) — Date of earliest event reported
- July 23, 2024 (date) — Filing Date
- Delaware (jurisdiction) — State of Incorporation
- Jacksonville, FL (location) — Principal Executive Offices
- 904 - 496-0027 (phone_number) — Registrant's telephone number
FAQ
What is the specific reason for Safe & Green Development Corp.'s notice of delisting?
The provided excerpt of the 8-K filing does not specify the exact reason for the notice of delisting or failure to satisfy continued listing rules.
What is the accession number for this 8-K filing?
The accession number for this filing is 0001213900-24-063322.
When was the earliest event reported in this filing?
The earliest event reported in this filing occurred on July 22, 2024.
Where are Safe & Green Development Corp.'s principal executive offices located?
Safe & Green Development Corp.'s principal executive offices are located at 100 Biscayne Blvd., #1201 Miami, FL 33132, and also listed as 5011 GATE PARKWAY, BUILDING 100, JACKSONVILLE, FL 32256.
What is the company's telephone number?
The company's telephone number is 904 - 496-0027.
Filing Stats: 540 words · 2 min read · ~2 pages · Grade level 12.9 · Accepted 2024-07-23 08:31:11
Key Financial Figures
- $0.001 — ch Registered Common Stock, par value $0.001 SGD The Nasdaq Stock Market LLC I
Filing Documents
- ea0209865-8k_safe.htm (8-K) — 26KB
- 0001213900-24-063322.txt ( ) — 197KB
- sgd-20240722.xsd (EX-101.SCH) — 3KB
- sgd-20240722_lab.xml (EX-101.LAB) — 33KB
- sgd-20240722_pre.xml (EX-101.PRE) — 22KB
- ea0209865-8k_safe_htm.xml (XML) — 4KB
01 Notice of Delisting or Failure to Satisfy a Continued
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. On July 22, 2024, Safe and Green Development Corporation (the "Company"), received a letter (the "Notification Letter") from The Nasdaq Stock Market ("Nasdaq") stating that based on the Quarterly Report on Form 10-Q that the Company filed with the Securities and Exchange Commission for the period ended March 31, 2024, and the Company's submission to the Staff, dated May 29, 2024, it determined that the Company was in compliance with Nasdaq Listing Rule 5550(b)(1) (the "Rule"). The letter further stated that if the Company fails to evidence compliance with the Rule upon filing its next periodic report it may be subject to delisting. At that time, Nasdaq staff will provide written notification to the Company, which may then appeal the staff's determination to a Nasdaq Hearings Panel.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits The following exhibit is furnished with this Current Report on Form 8-K: Exhibit Number Exhibit Description 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded within the inline XBRL document) 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 and Green Development Corporation Dated: July 23, 2024 By: /s/ Nicolai Brune Name: Nicolai Brune Title: Chief Financial Officer 2