Safe & Green Holdings Announces Notice of Special Meeting of Stockholders to be Held Virtually on August 25, 2025
Safe & Green Holdings (NASDAQ:SGBX) has announced a virtual Special Meeting of Stockholders scheduled for August 25, 2025, at 10:00 AM EST. The meeting will address three key proposals: (1) granting the board authority to implement a reverse stock split at a ratio between 1-for-10 and 1-for-100 to regain Nasdaq compliance, (2) authorizing the issuance of Conversion Shares for Series B Preferred Stock exceeding 19.99% of outstanding Common Stock, and (3) approving potential meeting adjournments if needed.
The record date for stockholder voting eligibility was set for July 11, 2025. The meeting will be held virtually via Zoom, ensuring stockholders have the same participation rights as an in-person meeting.
Safe & Green Holdings (NASDAQ:SGBX) ha convocato un'Assemblea Speciale virtuale degli azionisti fissata per il 25 agosto 2025, alle 10:00 EST. All'ordine del giorno ci sono tre proposte principali: (1) conferire al consiglio l'autorit脿 di effettuare un reverse stock split con un rapporto compreso tra 1-per-10 e 1-per-100 per ristabilire la conformit脿 con il Nasdaq, (2) autorizzare l'emissione di Conversion Shares per le Series B Preferred Stock eccedenti il 19,99% del capitale sociale in circolazione, e (3) approvare eventuali rinvii della riunione qualora fosse necessario.
La data di riferimento per il diritto di voto 猫 stata fissata al 11 luglio 2025. L'assemblea si svolger脿 in modalit脿 virtuale su Zoom, garantendo agli azionisti gli stessi diritti di partecipazione previsti per una riunione in presenza.
Safe & Green Holdings (NASDAQ:SGBX) ha anunciado una Junta Especial virtual de accionistas programada para el 25 de agosto de 2025 a las 10:00 AM EST. La reuni贸n tratar谩 tres propuestas clave: (1) otorgar a la junta la autoridad para llevar a cabo un reverse stock split en una proporci贸n entre 1 por 10 y 1 por 100 para recuperar el cumplimiento de Nasdaq, (2) autorizar la emisi贸n de Conversion Shares por las Series B Preferred Stock que superen el 19,99% del capital social en circulaci贸n, y (3) aprobar posibles aplazamientos de la reuni贸n si fueran necesarios.
La fecha de registro para la elegibilidad de voto se fij贸 el 11 de julio de 2025. La reuni贸n se celebrar谩 virtualmente a trav茅s de Zoom, asegurando que los accionistas tengan los mismos derechos de participaci贸n que en una reuni贸n presencial.
Safe & Green Holdings (NASDAQ:SGBX)电� 2025雲� 8鞗� 25鞚� 鞓れ爠 10:00(霃欕秬響滌鞁�)鞐� 鞓澕鞚� 韸闺硠欤检＜齑濏殞毳� 臧滌禍頃滊嫟瓿� 氚滍憸頄堨姷雼堧嫟. 須岇潣鞐愳劀电� 靹� 臧�歆� 欤检殧 鞎堦贝鞚� 雼る９雼堧嫟: (1) 雮橃姢雼� 鞖旉贝 須岆车鞚� 鞙勴暣 鞚挫偓須岇棎 reverse stock split鞚� 1雽�10鞐愳劀 1雽�100 氩旍渼搿� 鞁滍枆頃� 甓岉暅鞚� 攵�鞐晿电� 瓴�, (2) 氚滍枆欤检嫕 齑濎垬鞚� 19.99%毳� 齑堦臣頃樀鐢 Series B 鞖办劆欤检棎 雽�頃� Conversion Shares 氚滍枆鞚� 鞀轨澑頃樀鐢 瓴�, (3) 頃勳殧 鞁� 須岇潣 鞐瓣赴毳� 鞀轨澑頃樀鐢 瓴�.
欤检＜ 鞚橁舶甓� 旮办鞚检潃 2025雲� 7鞗� 11鞚�搿� 鞝曧暣臁岇姷雼堧嫟. 須岇潣电� Zoom鞚� 韱淀暣 臧�靸侅溂搿� 鞐措Μ氅� 欤检＜霌れ潃 雽�氅� 須岇潣鞕� 霃欖澕頃� 彀胳棳 甓岆Μ毳� 臧�歆戨媹雼�.
Safe & Green Holdings (NASDAQ:SGBX) a annonc茅 une Assembl茅e sp茅ciale virtuelle des actionnaires pr茅vue pour le 25 ao没t 2025 脿 10h00 EST. La r茅union portera sur trois propositions principales : (1) accorder au conseil l'autorit茅 d'effectuer un reverse stock split selon un ratio compris entre 1 pour 10 et 1 pour 100 afin de retrouver la conformit茅 avec le Nasdaq, (2) autoriser l'茅mission de Conversion Shares pour les Series B Preferred Stock d茅passant 19,99 % des actions ordinaires en circulation, et (3) approuver d'茅ventuels ajournements de la r茅union si n茅cessaire.
La date d'enregistrement pour l'茅ligibilit茅 au vote a 茅t茅 fix茅e au 11 juillet 2025. La r茅union se tiendra virtuellement via Zoom, garantissant aux actionnaires les m锚mes droits de participation que lors d'une r茅union en personne.
Safe & Green Holdings (NASDAQ:SGBX) hat eine virtuelle au脽erordentliche Hauptversammlung der Aktion盲re f眉r den 25. August 2025 um 10:00 Uhr EST angek眉ndigt. Auf der Tagesordnung stehen drei zentrale Vorschl盲ge: (1) dem Vorstand die Befugnis zu erteilen, einen Reverse Stock Split im Verh盲ltnis von 1:10 bis 1:100 zur Wiederherstellung der Nasdaq-Compliance durchzuf眉hren, (2) die Ausgabe von Conversion Shares f眉r Series B Preferred Stock zu genehmigen, die 19,99 % der ausstehenden Stammaktien 眉berschreiten, und (3) m枚gliche Vertagungen der Sitzung zu genehmigen, falls erforderlich.
Das Stichtag f眉r stimmberechtigte Aktion盲re ist der 11. Juli 2025. Die Versammlung wird virtuell 眉ber Zoom abgehalten, wobei den Aktion盲ren dieselben Teilnahmerechte wie bei einer Pr盲senzsitzung einger盲umt werden.
- Potential to regain Nasdaq compliance through reverse stock split
- Virtual meeting format increases accessibility for stockholders
- Possible significant share dilution through Conversion Shares issuance
- Reverse stock split indicates potential share price concerns
Insights
SGBX announces reverse split vote to maintain Nasdaq listing, signaling potential dilution and compliance challenges.
Safe & Green Holdings' announcement of a special stockholder meeting reveals significant corporate restructuring initiatives aimed at addressing immediate compliance issues. The proposed reverse stock split (ranging from 1-for-10 to 1-for-100) is a clear indication that the company is struggling to maintain its Nasdaq listing requirements, likely due to share price falling below the $1 minimum threshold for an extended period. This type of corporate action typically signals financial distress rather than strength.
The timing is particularly concerning - with only a 3-day notice between announcement and meeting date, shareholders have minimal time to evaluate these proposals properly. The second proposal regarding conversion shares for Series B Preferred Stock exceeding 19.99% of outstanding common stock indicates substantial potential dilution for existing shareholders. This conversion allowance suggests the company may be leveraging preferred stock arrangements to secure funding, often a last-resort financing mechanism.
These combined actions point to a company taking defensive measures to maintain its listing status while potentially restructuring its capital base. The reverse split creates no fundamental value 鈥� it merely consolidates existing shares while potentially reducing liquidity. For current shareholders, this represents a significant restructuring event that could dramatically impact their holdings without addressing the underlying business challenges that necessitated these measures.
Webcast link to the 2025 Special Meeting of Stockholders provided below
MIAMI, FL / / August 22, 2025 / Safe & Green Holdings Corp. (NASDAQ:SGBX) ("Safe & Green" or the "Company"), a leading provider of modular solutions and sustainable infrastructure, today announced a special meeting of stockholders to be held virtually on August 25, 2025, at 10AM EST.
NOTICE OF SPECIAL MEETING OF STOCKHOLDERS
A Special Meeting of Stockholders of Safe & Green Holdings will be held in a completely virtual format on August 25, 2025, at 10:00 A.M. Eastern Time for the following purposes:
(1) to grant discretionary authority to our board of directors to (i) amend our articles of incorporation to combine outstanding shares of our Common Stock into a lesser number of outstanding shares, or a "reverse stock split," at a specific ratio within a range of one-for-ten (1-for-10) to a maximum of a one-for-one hundred (1-for-100), with the exact ratio to be determined by our board of directors in its sole discretion; and (ii) effect the reverse stock split, if at all, within one year of the date the proposal is approved by stockholders (the "Reverse Stock Split Proposal") This proposal will regain compliance with Nasdaq and attract institutional investors.
(2) to authorize, for purposes of complying with Nasdaq listing rule 5635(d), the issuance of the Conversion Shares pursuant to the Series B Preferred Stock, including the issuance of all of the Conversion Shares in excess of
(3) to approve one or more adjournments of the Special Shareholders Meeting, if necessary or appropriate, to solicit additional proxies in favor of the Proposals listed hereinabove, if there are not sufficient votes at the Special Shareholders Meeting to approve and adopt the Proposals listed hereinabove (the "Adjournment Proposal")
The Proxy Statement accompanying this notice can be found and describes each of these items of business in detail. The Board of Directors has fixed the close of business on July 11, 2025, as the record date for the determination of stockholders entitled to notice of and to vote at the Special Shareholders Meeting and any adjournments or postponements of the Special Shareholders Meeting. Accordingly, only stockholders of record at the close of business on June 9, 2025, are entitled to notice of, and to vote at, the Special Shareholders Meeting and any adjournments or postponements of the Special Shareholders Meeting. Your vote is important to us.
Zoom Webcast:
You may access the 2025 Special Meeting of Stockholders webcast on Monday, August 25, 2025 at 10am ET via our Zoom link .
Your vote is important, the format of the virtual Special Meeting ensures that stockholders are afforded the same rights and opportunities to participate as they would have at an in-person meeting, using online tools to ensure stockholder access and participation.
About Safe & Green Holdings
Safe & Green Holdings Corp. (NASDAQ: SGBX) is a leading provider of modular construction and sustainable infrastructure solutions, serving customers across multiple industries including healthcare, education, energy, and government. The Company's subsidiaries focus on delivering innovative, cost-efficient, and environmentally conscious solutions that drive long-term value creation.
Safe Harbor Statement
Certain statements in this press release constitute "forward-looking statements" within the meaning of the federal securities laws. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. These forward-looking statements are based upon current estimates and assumptions. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are subject to various risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, the Company's ability to maintain compliance with the NASDAQ listing requirements, and the other factors discussed in the Company's Annual Report on Form 10-K for the year ended December 31, 2024 and its subsequent filings with the SEC, including subsequent periodic reports on Forms 10-Q and 8-K. The information in this release is provided only as of the date of this release, and we undertake no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.
Investor Contact
SOURCE: Safe & Green Holdings Corp.
View the original on ACCESS Newswire
FAQ
What is the purpose of SGBX's Special Meeting of Stockholders on August 25, 2025?
What is the proposed reverse stock split ratio for Safe & Green Holdings (SGBX)?
When is the record date for SGBX's Special Meeting of Stockholders?
How can shareholders attend SGBX's Special Meeting on August 25, 2025?
What is the purpose of SGBX's proposed reverse stock split?
