Safe and Green Development Corporation (SG DevCo) has announced a Special Meeting of Stockholders to be held on November 4, 2024. The meeting will address proposals to amend the company's Amended and Restated Certificate of Incorporation to increase authorized common stock from 50 million to 100 million shares, and to approve the issuance of over 20% of the company's common stock to Arena Investors and Arena Global pursuant to a securities purchase agreement and a private equity line purchase agreement, respectively. These proposals are intended to comply with Nasdaq listing rules and provide SG DevCo with flexibility for future business and financial purposes. The meeting will also consider an adjournment proposal to allow for further solicitation of proxies if there are insufficient votes for the aforementioned proposals. The Board of Directors recommends voting in favor of all proposals. The record date for stockholders entitled to vote has been set as September 16, 2024.

Safe and Green Development Corporation (SG DevCo) has announced a Special Meeting of Stockholders to be held on November 4, 2024. The meeting will address proposals to amend the company's Amended and Restated Certificate of Incorporation to increase authorized common stock from 50 million to 100 million shares, and to approve the issuance of over 20% of the company's common stock to Arena Investors and Arena Global pursuant to a securities purchase agreement and a private equity line purchase agreement, respectively. These proposals are intended to comply with Nasdaq listing rules and provide SG DevCo with flexibility for future business and financial purposes. The meeting will also consider an adjournment proposal to allow for further solicitation of proxies if there are insufficient votes for the aforementioned proposals. The Board of Directors recommends voting in favor of all proposals. The record date for stockholders entitled to vote has been set as September 16, 2024.