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Safe and Green Development Corporation (SGD) has effected a 1-for-20 reverse stock split to raise its per-share trading price for continued Nasdaq listing, reducing outstanding shares from approximately 50 million to 2.5 million.
Event Type
Disclosure
Mandatory
Variant
8-K
. Material Modification to Rights of Security Holders.** To the extent required by Item 3.03 of Form 8-K, the information regarding the Reverse Stock Split (as
of this Current Report on Form 8-K is incorporated by reference herein. **Item 5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.**
. Other Events.** The primary purpose of the 1-for-20 Reverse Stock Split is to raise the per-share trading price of the Common Stock to allow for its continued
. Financial Statements and Exhibits**. (d) Exhibits. | Exhibit No. | | Description | |---|---|---| | 3.1 | | Certificate of Amendment of the Amended and Restate