Safe and Green Development Corporation (SG DevCo) has announced its upcoming Annual Meeting of Stockholders scheduled for July 2, 2024. The meeting will address several key proposals, including the election of three Class I director nominees, the ratification of M&K CPAS PLLC as the independent registered public accounting firm for the fiscal year ending December 31, 2024, and an amendment to the company's Amended and Restated Certificate of Incorporation to effect a reverse stock split of the issued and outstanding common stock at a ratio of 1-for-2 to 1-for-20. Additionally, the meeting will seek approval for the issuance of more than 20% of SG DevCo's issued and outstanding common stock pursuant to a securities purchase agreement with Peak One Opportunity Fund, L...Show More

Safe and Green Development Corporation (SG DevCo) has announced its upcoming Annual Meeting of Stockholders scheduled for July 2, 2024. The meeting will address several key proposals, including the election of three Class I director nominees, the ratification of M&K CPAS PLLC as the independent registered public accounting firm for the fiscal year ending December 31, 2024, and an amendment to the company's Amended and Restated Certificate of Incorporation to effect a reverse stock split of the issued and outstanding common stock at a ratio of 1-for-2 to 1-for-20. Additionally, the meeting will seek approval for the issuance of more than 20% of SG DevCo's issued and outstanding common stock pursuant to a securities purchase agreement with Peak One Opportunity Fund, L.P. (Peak One), and if necessary, the approval of an adjournment of the meeting to permit further solicitation and vote of proxies if there are insufficient votes in favor of the reverse stock split or Peak Offering Proposal. The Board of Directors has recommended voting in favor of all the nominees and proposals.