Safe and Green Development Corporation, trading under the symbol SGD on the Nasdaq Stock Market, announced on July 22, 2024, that it received a Notification Letter from Nasdaq confirming the company's compliance with the Nasdaq Listing Rule 5550(b)(1) based on its Quarterly Report for the period ended March 31, 2024, and subsequent submission on May 29, 2024. The company, identified as an emerging growth company, was warned that failure to demonstrate continued compliance with the Rule in its next periodic report could result in delisting. Nasdaq will issue written notification of non-compliance if it occurs, at which point Safe and Green Development may appeal the decision to a Nasdaq Hearings Panel. The announcement was made through a Current Report on Form 8-K filed with the SEC, and was signed by Chief Financial Officer Nicolai Brune on July 23, 2024.

Safe and Green Development Corporation, trading under the symbol SGD on the Nasdaq Stock Market, announced on July 22, 2024, that it received a Notification Letter from Nasdaq confirming the company's compliance with the Nasdaq Listing Rule 5550(b)(1) based on its Quarterly Report for the period ended March 31, 2024, and subsequent submission on May 29, 2024. The company, identified as an emerging growth company, was warned that failure to demonstrate continued compliance with the Rule in its next periodic report could result in delisting. Nasdaq will issue written notification of non-compliance if it occurs, at which point Safe and Green Development may appeal the decision to a Nasdaq Hearings Panel. The announcement was made through a Current Report on Form 8-K filed with the SEC, and was signed by Chief Financial Officer Nicolai Brune on July 23, 2024.