MIAMI--(BUSINESS WIRE)--Sep 1, 2023-- Safe & Green Holdings Corp. (NASDAQ: SGBX) (“SG Holdings” or the “Company”), a leading developer, designer, and fabricator of modular structures for residential, commercial, and point-of-care medicine, today provided an update on the planned spin-off of Safe & Green Development Corp (“SG DevCo”), the Company’s real estate development subsidiary, to become a standalone company listed on Nasdaq. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230901982508/en/ (Graphic: Business Wire) Stockholders who hold or purchase SG Holdings common stock by the close of the market on the newly set record date of September 8 th, 2023, will be eligible to receive a distribution of approximately 0.93 shares of SG DevCo for every 5 shares of SG Holdings held (the” Distribution”).