Safe & Green Holdings Corp. (NASDAQ: SGBX) Executes Reverse Stock Split

Core Viewpoint - Safe & Green Holdings Corp. (SGBX) executed a 64-for-1 reverse stock split to comply with Nasdaq's minimum bid price requirement, aiming to enhance its share price and market presence [1][5]. Company Actions - The reverse stock split consolidated every 64 shares into one, with post-split trading commencing on the Nasdaq Capital Market under the symbol "SGBX" [2][5]. - The new CUSIP number for the common stock is 78418A703, indicating a formal change in the stock's identification [2]. Current Stock Performance - As of the latest trading session, SGBX is priced at $7.17, reflecting a decrease of approximately 10.45%, equating to a drop of $0.84 [3][5]. - The stock's trading range for the day has fluctuated between $7.17 and $7.65, showcasing intraday volatility [3]. - Over the past year, SGBX has experienced significant price volatility, with a high of $122.88 and a low of $0.1229 [3]. Market Capitalization and Trading Volume - The company's market capitalization stands at approximately $89.35 million, representing the total market value of its outstanding shares [4]. - The trading volume for the day is recorded at 40,299 shares, indicating the level of activity in the stock during the trading session [4].