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home / articles / why safe green holdings sgbx shares are falling benz mwn benzinga

SGBX - Why Safe & Green Holdings (SGBX) Shares Are Falling | Benzinga

SG Blocks Inc.

Safe & Green Holdings Corp (NASDAQ:SGBX) shares are trading lower by 16.7% to $0.12 during Tuesday’s session after the company announced a planned reverse stock split at a ratio of 1-for-20, effective May 2.

This decision was made to meet Nasdaq’s minimum bid price requirements and improve marketability. The split was approved by stockholders in December 2023, allowing the board to set the ratio at 1-for-20.

All outstanding options, warrants and equity awards will undergo proportionate adjustments. CEO Paul Galvin, expressed optimism about the company’s prospects amidst executing its business model. Each stockholder’s percentage ownership interest ...

SGBX) Shares Are Falling>Full story available on Benzinga.com
Stock Information
Company Name: SG Blocks Inc.
Stock Symbol: SGBX
Market: NASDAQ
Website: sgblocks.com
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