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Stock impact report

SG Blocks Announces Reverse Stock Split

Safe & Green Holdings Corp. (SGBX) 
NASDAQ:AMEX Investor Relations: ir.sgblocks.com
Company Research Source: Business Wire
BROOKLYN, N.Y.--(BUSINESS WIRE)--SG Blocks, Inc. (Nasdaq: SGBX) (“SG Blocks” or the “Company”), a leading designer, innovator and fabricator of container-based structures, has announced a reverse stock split of its shares of common stock at a ratio of 1-for-20. The reverse stock split will take effect as of 11:01 p.m. (Eastern Time), February 5, 2020. Shares of SG Blocks common stock will trade on a post-split basis on the Nasdaq Capital Market under the existing trading symbol, “SGBX,” at the market open on February 6, 2020.During the company’s 2020 special stockholder meeting held January 15, 2020, stockholders approved the company’s reverse stock split, and granted the board of directors the authority to implement and determine the exact split ratio, which was set by the board at 1-for-20. Following the reverse stock split, the new CUSIP number will be 78418A505, with the par value per share of common stock remaining at $0.01. A proportionate adjustment will be made to the per- Show less Read more
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