Safe & Green Holdings Corp. Faces Potential Nasdaq Delisting Due to Continued Non-Compliance with $1.00 Bid Price Rule

Reuters

06-13

Safe & Green Holdings Corp. Faces Potential Nasdaq Delisting Due to Continued Non-Compliance with $1.00 Bid Price Rule

Safe & Green Holdings Corp. has announced a regulatory challenge as it faces potential delisting from the Nasdaq Stock Market. The company disclosed that it received a notice from Nasdaq's Listing Qualifications Department on June 11, 2025, due to its continued non-compliance with the minimum $1.00 bid price requirement. This follows a previous notification from December 2024, when the company's stock price fell below $1.00 for 30 consecutive business days. Despite being granted a 180-day grace period to rectify the issue, the company was unable to meet the requirement by the June 10, 2025 deadline. Safe & Green Holdings Corp. plans to present a compliance plan at a forthcoming hearing before the Nasdaq Hearings Panel. Meanwhile, its common stock will continue to trade under the symbol "SGBX" pending the hearing's outcome.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Safe & Green Holdings Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-053920), on June 12, 2025, and is solely responsible for the information contained therein.

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Faces Potential Nasdaq Delisting Due to Continued Non-Compliance with $1.00 Bid Price Rule\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-06-13 05:23</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Safe &amp; Green Holdings Corp. 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ID: 0001213900-25-053920), on June 12, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SGBX","symbol_name":"Safe & Green","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250612:nNDLHS66d:1","article_id":"2543540116","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2543540116","pubTimestamp":1749763412,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Safe & Green Holdings Corp. has announced a regulatory challenge as it faces potential delisting from the Nasdaq Stock Market. The company disclosed that it received a notice from Nasdaq's Listing Qualifications Department on June 11, 2025, due to its continued non-compliance with the minimum $1.00 bid price requirement. This follows a previous notification from December 2024, when the company's stock price fell below $1.00 for 30 consecutive business days. Despite being granted a 180-day grace period to rectify the issue, the company was unable to meet the requirement by the June 10, 2025 deadline. Safe & Green Holdings Corp. plans to present a compliance plan at a forthcoming hearing before the Nasdaq Hearings Panel. 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