1-for-64 reverse split restructures Safe & Green (NASDAQ: SGBX)
Rhea-AI Filing Summary
Safe & Green Holdings Corp. approved and implemented a 1-for-64 reverse stock split of its common stock. Effective as of 12:01 a.m. Eastern Time on September 8, 2025, every 64 issued and outstanding shares were automatically reclassified into one share.
No fractional shares were issued. Instead, any stockholder otherwise entitled to a fractional share received their ownership rounded up to the nearest whole share. The change was effected through a Certificate of Amendment to the company’s Amended and Restated Certificate of Incorporation filed in Delaware on September 4, 2025.
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8-K Event Classification
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FAQ
What corporate action did Safe & Green Holdings Corp. (SGBX) take in this 8-K?
Safe & Green Holdings Corp. filed a Certificate of Amendment in Delaware to implement a 1-for-64 reverse stock split of its issued and outstanding common stock.
What is the ratio of the Safe & Green (SGBX) reverse stock split?
The company enacted a one-for-sixty-four (1-for-64) reverse stock split, meaning every 64 issued and outstanding common shares were reclassified into one share.
When did the Safe & Green (SGBX) reverse stock split become effective?
The reverse stock split became effective as of 12:01 a.m. Eastern Time on September 8, 2025, following the filing of the Certificate of Amendment on September 4, 2025.
Did Safe & Green (SGBX) change its common stock par value in this reverse split?
The reverse stock split applied to the company’s common stock with a par value of $0.01 per share; the filing does not state any change to that par value.
Where can investors see the full legal text of the Safe & Green reverse split amendment?
The full text of the reverse split amendment is contained in the Certificate of Amendment, which is filed as Exhibit 3.1 to this report.