Safe and Green Development regains compliance with Nasdaq listing requirements

Safe and Green Development (SGD) believes that it has met the stockholders’ equity requirement under Nasdaq Listing Rule 5550(b) and has regained compliance with Nasdaq’s continued listing standards. Nasdaq will continue to monitor the company’s ongoing compliance with the stockholders’ equity requirement and, if at the time of its next periodic report the company does not evidence compliance it may be subject to delisting.