Safe & Green Holdings Corp. (Nasdaq: SGBX) has avoided immediate delisting after receiving a July 8, 2025 decision letter from the Nasdaq Hearings Panel granting conditional continued listing on the Nasdaq Capital Market.
Key conditions imposed by the Panel:
- Reverse stock split must be effected on or before August 28, 2025.
- The post-split shares must achieve a closing bid price ≥ $1.00 for at least 10 consecutive business days to satisfy Nasdaq Listing Rule 5550(a)(2).
- By July 18, 2025, the Company must publicly disclose that it has eliminated the Class B warrants from its April 2025 offering and confirm to Nasdaq that no shares underlying those warrants were issued.
The Panel’s ruling followed a June 17, 2025 hearing at which management presented a compliance plan. The Company “intends to satisfy” all conditions but warns there is no assurance it will meet the deadlines. Failure would place the listing at risk again.
Implications for investors: The extension averts an immediate trading suspension, yet the required reverse split could alter share count and investor perception. Continued sub-$1 trading or inability to retire the Class B warrants could still trigger delisting.