Safe And Green Development Corporation Releases Letter To Shareholders, Addressing Recent Reverse Stock Split, Declining Market Cap, And Highlighting $50M Appraised Real Estate Assets, Strategic Growth Plans, And Anticipated Revenue From South Texas In 2025
Portfolio Pulse from Benzinga Newsdesk
Safe And Green Development Corporation addressed shareholders about a recent reverse stock split, a declining market cap, and highlighted $50M in real estate assets. The company plans strategic growth and anticipates revenue from South Texas in 2025.
October 17, 2024 | 1:04 pm
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Safe And Green Development Corporation completed a reverse stock split to maintain NASDAQ listing, but saw market cap drop to $2.5M despite $50M in real estate assets. The company plans strategic growth and anticipates revenue from South Texas in 2025.
The reverse stock split was necessary to maintain NASDAQ listing, but the market cap drop to $2.5M is not reflective of the company's $50M real estate assets. The strategic growth plans and anticipated revenue from South Texas in 2025 suggest potential for future growth, which could positively impact the stock price.
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