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.
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