What In The World Is Going On With Safe & Green Development (SGD) Stock?

Safe & Green Development Corp SGD shares are trading higher by 84% to $5.59 Friday morning after the company on Thursday said it does not intend to conduct the offering of the shares of common stock contemplated by the Registration Statement. The stock was halted numerous times during Thursday's and Friday's trading sessions.

What Else?

Safe & Green Development on Thursday formally requested the SEC's approval to withdraw its Registration Statement, along with all associated amendments and exhibits.

This action stems from the company's decision not to proceed with the previously planned offering of common stock due to altered circumstances since the filing of the Registration Statement.

Importantly, no shares of the company's common stock have been or will be issued or sold under this Registration Statement.

See Also: Warren Buffett, Ray Dalio's Hedge Funds Are Selling Top-Ranking Dividend King

According to data from Benzinga Pro, SGD has a 52-week high of $8.42 and a 52-week low of $0.38.