Safe & Green Holdings Receives Extension, Through November 12, 2024, To Regain Compliance With Nasdaq's Minimum Stockholders' Equity Requirement
Portfolio Pulse from Benzinga Newsdesk
Safe & Green Holdings Corp. (NASDAQ:SGBX) has received an extension until November 12, 2024, to meet Nasdaq's minimum stockholders' equity requirement of $2.5 million. The company plans to achieve compliance through recent private placements, cost-cutting measures, debt reduction, and other strategic initiatives.
July 25, 2024 | 12:44 pm
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Safe & Green Holdings Corp. has been granted an extension until November 12, 2024, to comply with Nasdaq's minimum stockholders' equity requirement. The company aims to meet this through private placements, cost-cutting, debt reduction, and other strategic initiatives.
The extension provides Safe & Green Holdings with additional time to meet Nasdaq's equity requirements, which is positive news for the company. The planned initiatives, such as private placements and cost-cutting, are likely to improve financial stability and investor confidence in the short term.
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