Management Change/Compensation - Form 8-K

Item 3.01Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

On April 19, 2024, Safe & Green Holdings Corp. (the "Company") received a delinquency letter (the "Notice") from the Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that it is not in compliance with the continued listing requirements set forth in Nasdaq Listing Rule 5250(c)(1) (the "Rule"), which requires timely filing of periodic reports with the Securities and Exchange Commission (the "SEC") for continued listing. Nasdaq rules require public announcement to disclose the Company's receipt of the Notice within four business days of receipt.

In accordance with Nasdaq rules, the Company has 60 calendar days from the date of the Notice, or no later than June 18, 2024, to submit a plan to regain compliance with the Rule. The Company intends to submit a compliance plan within 60 calendar days of the date of the Notice and will evaluate available options to regain compliance. If the Company's compliance plan is accepted, the Company may be granted up to 180 calendar days from April 16, 2024, or until October 14, 2024, to evidence compliance with the Rule.

The Company intends to submit a compliance plan on or before June 18, 2024 and, if appropriate, consider further available options to evidence compliance with the Rule.