Core Viewpoint - Safe and Green Development Corporation has announced that it believes it has met the stockholders' equity requirement under NASDAQ Listing Rule 5550(b) and has regained compliance with NASDAQ's continued listing standards [1] Company Overview - Safe and Green Development Corporation is a real estate development company formed in 2021, focusing on direct acquisition and indirect investment in properties for future development into green single or multi-family projects [3] - The company has a wholly-owned subsidiary, Majestic World Holdings LLC, which operates a prop-tech company that has developed a real estate AI Platform to enhance margins on homes sold by providing mortgage services and down payment assistance [3] - Another wholly-owned subsidiary, MyVONIA Innovations LLC, owns MyVONIA, an AI-powered personal assistant aimed at simplifying daily tasks and improving productivity for individuals and businesses [3] Compliance Monitoring - NASDAQ will continue to monitor the company's compliance with the stockholders' equity requirement, and failure to demonstrate compliance in the next periodic report may lead to delisting [2]
Safe and Green Development Corporation Announces Compliance with NASDAQ Continued Listing Requirements