Safe and Green Development announces 1-for-20 reverse stock split

Safe and Green Development announced that it will effect a 1-for-20 reverse stock split of its common stock, par value $0.001 per share, that will become effective at 12:01 a.m. Eastern Time on October 8, 2024. The Company’s Common Stock will continue to trade on the Nasdaq Capital Market under the symbol “SGD” and will begin trading on a split-adjusted basis when the Nasdaq opens on October 8, 2024. The new CUSIP number for the Common Stock following the reverse split will be 78637J204.