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MIAMI - Safe & Green Holdings Corp. (NASDAQ:SGBX) has regained compliance with all Nasdaq listing requirements, the company announced Thursday.
The Nasdaq Stock Market confirmed that Safe & Green has met the Minimum Bid Price Rule, which requires maintaining a minimum bid price of $1.00 per share for at least ten consecutive business days. The matter was officially closed as of October 3, 2025.
As part of its compliance plan, the company restructured its agreement with Boral, reducing potential dilution by 80% and removing Ace warrants. This restructuring addressed Nasdaq’s previous public interest concern regarding the potential issuance of over one billion shares.
The company further strengthened its capital structure through a reverse stock split that reduced dilution by an additional 64%.
"We are pleased to have regained compliance with Nasdaq’s listing requirements," said Mike McLaren, CEO of Safe & Green Holdings Corp. "This milestone reflects our continued commitment to enhancing shareholder value and positioning the Company for future growth."
Safe & Green Holdings describes itself as a diversified holding company engaged in solutions across multiple sectors, including real estate, construction, healthcare, and energy.
The announcement was made in a company press release statement.
In other recent news, Safe & Green Holdings Corp. has announced that its board of directors and senior executives will receive their third-quarter compensation entirely in company stock, a decision aimed at aligning their interests with those of shareholders. In addition, CEO Mike McLaren has converted a portion of a note payable to him into company shares, while other executives opted for equity compensation instead of bonuses and salary increases. The company also disclosed that its subsidiary, Olenox Corp., has entered into a purchase agreement to acquire property in Conroe, Texas, for $3,000,000. This acquisition will facilitate the relocation of its SG Echo factory operations from Durant, Oklahoma, to the new Conroe facility, consolidating operations with Olenox Corp.
Additionally, Safe & Green Holdings has reached a settlement agreement through its subsidiary, SG Blocks, with EDI International, PC and PVE, LLC, resolving all outstanding litigation. The settlement involves an undisclosed payment from EDI/PVE to SG Blocks, after which both parties will dismiss all pending appeals. These recent developments highlight significant strategic moves by Safe & Green Holdings Corp.
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