Safe & Green Holdings Reduces Dilution, Aligns with NASDAQ Standards

Safe & Green Holdings Corp. (NASDAQ:SGBX), a developer of modular structures, announced the restructuring of its private placement with D. Boral Capital. Originally signed in April, this change cancels the dilutive Series A and B Common Stock Warrants. The restructuring aims to reduce potential dilution to shareholders by 70%, addressing concerns from the NASDAQ Hearings Panel.

This move ensures compliance with NASDAQ's listing standards. By eliminating the warrants, the company exchanged them for 60,000 shares of Series B Preferred Stock. Chairman and CEO Mike Mclaren emphasized the alignment with shareholder interests and regulatory compliance as part of the company’s capital market strategy.

Originally, the private placement was valued at $8.0 million, including Common Units with shares and warrants. The restructuring maintains the Common Stock or Pre-Funded Warrants while removing both warrant classes. Safe & Green remains committed to strategic opportunities and disciplined capital management.