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.
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