Safe & Green Development Corp.

11/08/2024 | Press release | Distributed by Public on 11/08/2024 07:31

Proxy Results Form 8 K

Item 5.07. Submission of Matters to a Vote of Security Holders.

On November 4, 2024, at a special meeting of the Company's stockholders (the "Special Meeting"), the Company's stockholders voted on the following four (4) proposals and votes were cast as described below. These matters are described in detail in the Company's definitive proxy statement on Schedule 14A for the Special Meeting, which was filed on September 30, 2024 with the Securities and Exchange Commission.

The final results for Proposals 1 - 4 are as follows:

Proposal No. 1

The stockholders approved an amendment to the Company's Amended and Restated Certificate of Incorporation to increase the number of authorized shares of common stock from 50,000,000 shares to 100,000,000 shares. The results of the voting for this proposal were as follows:

For Against Abstain Broker Non-Votes
10,531,618 1,059,827 36,611 0

Proposal No. 2

The stockholders approved, the issuance of 20% or more of the Company's issued and outstanding common stock as of August 12, 2024, pursuant to a securities purchase agreement with the purchasers named therein (the "Arena Investors"), dated August 12, 2024, including upon the conversion of debentures issued or issuable to the Arena Investors and upon the exercise of warrants issued or issuable to the Arena Investors. The results of the voting for this proposal were as follows:

For Against Abstain Broker Non-Votes
9,115,148 211,950 2,088 2,298,870