Summary by Futu AI
The United States Securities and Exchange Commission (SEC) has declared the Form S-1 registration statement of Safe & Green Development Corp effective as of April 18, 2024, at 5:00 P.M. The effectiveness of this registration is a critical step for Safe & Green Development Corp, allowing the company to proceed with its plans as outlined in the Form S-1 filing. The SEC's notice of effectiveness indicates that the regulatory body has reviewed the company's registration statement and has no further comments, signaling that the company has met all the necessary regulatory requirements for its offering.