Safe & Green Holdings Stock Soars 186%, Triggering a Circuit Breaker

Tiger Newspress2023-09-21

Safe & Green Holdings stock soared 186% in morning trading, triggering a circuit breaker.

Safe & Green Holdings Corp. (NASDAQ: SGBX), a leading developer, designer, and fabricator of modular structures for residential, commercial, and point-of-care medicine, provided a further update on the planned spin-off of Safe & Green Development Corp ("SG DevCo"), the Company’s real estate development subsidiary, and the planned distribution of approximately 30% of the outstanding shares of SG DevCo common stock to SG Holdings’ stockholders on a pro rata basis (the "Distribution").

The Company has set September 27, 2023, as the planned effective date for the Distribution (the "Distribution Date"). Additionally, the Company reports that on September 18, 2023, SG DevCo’s registration statement on Form 10 (the "Registration Statement") relating to the Distribution was declared effective by the SEC. The Registration Statement includes a preliminary information statement that describes the Distribution, certain risks of owning SG DevCo common stock and provides important information regarding SG DevCo’s business and management. SG DevCo will shortly commence mailing the final information statement to holders of SG Holdings common stock.

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(NASDAQ: SGBX), a leading developer, designer, and fabricator of modular structures...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"","article_id":"1178125073","we_media_id":"1079075236","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1178125073","pubTimestamp":1695303240,"sourceInfo":null,"weMediaInfo":{"media_name":"Tiger Newspress","introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"summary":"Safe & Green Holdings stock soared 186% in morning trading, triggering a circuit breaker.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"Safe&Green Holdings股价飙升186%，触发了断路器","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SGBXV":1.1},"content_text":"Safe & Green Holdings stock soared 186% in morning trading, triggering a circuit breaker.Safe & Green Holdings Corp. 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