Safe & Green Holdings Corp. filed SEC Form 8-K: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
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Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On November 18, 2024, Safe & Green Holdings Corp. (the “Company”) received a letter from the Listing Qualifications department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that, based upon the Company’s continued non-compliance with the $2.5 million stockholders’ equity requirement for continued listing on The Nasdaq Capital Market (“Nasdaq”), as set forth in Nasdaq Listing Rule 5550(b)(1), the Company’s securities were subject to delisting unless the Company timely requested a hearing before the Nasdaq Hearing Panel (the “Panel”). The Company timely requested a hearing before the Panel, which request stayed any further action by Nasdaq with respect to the Company’s listing status at least until the hearing is held and any extension that may be afforded to the Company by the Panel has expired.
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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.
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SAFE & GREEN HOLDINGS CORP. | |||
| Dated: November 22, 2024 | By: | /s/ Patricia Kaelin | |
| Name: | Patricia Kaelin | ||
| Title: | Chief Financial Officer | ||
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