Safe and Green Development Corporation Releases Letter to Shareholders
Safe and Green Development Corporation (SGD)
Company Research
Source: PR Newswire
MIAMI, Oct. 17, 2024 /PRNewswire/ -- Safe and Green Development Corporation (NASDAQ: SGD) ("SG Devco" or the "Company"), a leading real estate development company releases a letter to shareholders from SG Devco CEO, David Villarreal:"Dear SGD Shareholders,I wanted to take a quick moment of your time to address the recent reverse stock split & the subsequent trading of the stock since then.I would like to begin by stating that our reverse stock split was completed after receiving shareholder approval to do so. We took this step to be able maintain our NASDAQ Listing and comply with NASDAQ minimum bid price requirements. We waited as long as possible prior to having to effectuate a reverse split.We have been disappointed to see this recent trading in the stock after the split whereby we have gone from trading at an approximately $5M market cap down to a $2.5M market cap without any fundamental changes to the business and / or operations. To put this into perspective, the Company's real
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SGD
News
- Safe and Green Development Corporation Reports Third Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Safe and Green Development Corporation Reports Third Quarter 2024 Financial ResultsPR Newswire
- Safe and Green Development Corporation Closes Sugar Phase 1 Construction LoanPR Newswire
- Safe and Green Development Corporation Provides Construction Update on Sugar Phase I Project in South TexasPR Newswire
- Safe and Green Development Corporation Regains Compliance with Nasdaq Listing StandardsPR Newswire
SGD
Sec Filings
- 11/15/24 - Form S-1
- 11/15/24 - Form 8-K
- 11/14/24 - Form 10-Q
- SGD's page on the SEC website