Safe and Green Development Corporation (NASDAQ: SGD) (“SG Devco” or the “Company”) today announced details regarding its previously declared stock dividend, including the confirmed date for trading on a stock dividend-adjusted basis.

On March 5, 2025, SG Devco approved a stock dividend from its treasury shares, consisting of 0.05 shares of common stock for each outstanding share. As a result, shareholders will receive one (1) additional share of common stock for every twenty (20) shares held. Any fractional shares will be settled in cash based on the opening price of the common stock on April 8, 2025.

The record date for the stock dividend is April 7, 2025, with distribution to stockholders taking place after the close of trading on April 22, 2025. Trading on a stock dividend-adjusted basis will begin at market open on April 7, 2025.

This announcement serves as an update of the Company’s previous disclosure, which had incorrectly stated that trading was expected to begin on a stock dividend-adjusted basis on April 23, 2025.