Safe & Green Holdings Corp. has announced that it received a delisting notification from The Nasdaq Stock Market LLC due to concerns over shareholder dilution linked to a recent securities issuance. The Nasdaq's Listing Qualifications Department cited the Company's issuance of Series B warrants on a cashless basis as a substantial point of concern, leading to a determination to delist the Company's securities. Safe & Green Holdings Corp. plans to appeal the decision before the deadline of May 20, 2025, and will submit a compliance plan to address the issue. To mitigate the risk of delisting, the company is also considering applying for trading on the OTCQB market.
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