Reto

ReTo Regained Compliance with Nasdaq's Minimum Bid Price Requirement and Received Extension on Compliance with Nasdaq's Minimum Stockholders' Equity Rule

Retrieved on: 
Wednesday, March 20, 2024
Internet, Reto, Letter

BEIJING, March 20, 2024 /PRNewswire/ -- ReTo Eco-Solutions, Inc. (Nasdaq: RETO) ("ReTo" or the "Company"), a provider of technology solutions and operation services for intelligent ecological environments and Internet of Things technology development services in China and other countries, today announced that on March 15, 2024, it received a notification letter from The Nasdaq Stock Market LLC ("Nasdaq") confirming the Company has regained compliance with Nasdaq's minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2).

Key Points: 
  • BEIJING, March 20, 2024 /PRNewswire/ -- ReTo Eco-Solutions, Inc. (Nasdaq: RETO) ("ReTo" or the "Company"), a provider of technology solutions and operation services for intelligent ecological environments and Internet of Things technology development services in China and other countries, today announced that on March 15, 2024, it received a notification letter from The Nasdaq Stock Market LLC ("Nasdaq") confirming the Company has regained compliance with Nasdaq's minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2).
  • Nasdaq has noted that this matter is now closed.
  • In addition, on March 15, 2024, the Company received a notification letter from Nasdaq that it has determined to grant the Company an extension to regain compliance with the minimum stockholders' equity criteria as set forth in Nasdaq Listing Rule 5550(b)(1), provided that the Company files by May 15, 2024 its Form 20-F for the fiscal year ended December 31, 2023, demonstrating its compliance with such minimum stockholders' equity criteria.

ReTo Eco-Solutions, Inc. Announces Share Combination

Retrieved on: 
Tuesday, February 27, 2024
Transfer, CUSIP, British Virgin Islands, Internet, Reto, Security (finance)

BEIJING, Feb. 27, 2024 /PRNewswire/ -- ReTo Eco-Solutions, Inc. (Nasdaq: RETO) ("ReTo" or the "Company"), a provider of technology solutions and operation services for intelligent ecological environments and Internet of Things technology development services in China and other countries, today announced that on February 1, 2024, its board of directors approved a combination of its common shares on a ten-to-one basis (the "Share Combination").

Key Points: 
  • BEIJING, Feb. 27, 2024 /PRNewswire/ -- ReTo Eco-Solutions, Inc. (Nasdaq: RETO) ("ReTo" or the "Company"), a provider of technology solutions and operation services for intelligent ecological environments and Internet of Things technology development services in China and other countries, today announced that on February 1, 2024, its board of directors approved a combination of its common shares on a ten-to-one basis (the "Share Combination").
  • As a result of the Share Combination, each ten (10) pre-combination common shares of the Company will be automatically combined into one (1) common share without any action on the part of the holders, with par value of the common shares of the Company being changed from $0.01 per share to $0.1 per share, and the Company's issued and outstanding common shares will be reduced from 37,451,882 to approximately 3,745,189.
  • The Share Combination is intended to increase the market price per share of the Company's common shares to allow the Company to maintain its Nasdaq listing.
  • No fractional shares will be issued as a result of the Share Combination.

ReTo Presents at Big 5 Construct Saudi 2024

Retrieved on: 
Tuesday, February 27, 2024
Ecology, Philosophy, Construction, Growth, Exhibition, Municipal solid waste, Attention, Reto

BEIJING, Feb. 27, 2024 /PRNewswire/ -- ReTo Eco-Solutions, Inc. (Nasdaq: RETO) ("ReTo" or the "Company") today announced it is presenting at the Big 5 Construct Saudi 2024 (the "Saudi BIG5") to showcase its ecological solutions and equipment.

Key Points: 
  • BEIJING, Feb. 27, 2024 /PRNewswire/ -- ReTo Eco-Solutions, Inc. (Nasdaq: RETO) ("ReTo" or the "Company") today announced it is presenting at the Big 5 Construct Saudi 2024 (the "Saudi BIG5") to showcase its ecological solutions and equipment.
  • Saudi BIG5 exhibition, scheduled from February 26 to February 29, 2024 at the Riyadh International Exhibition Center in Saudi Arabia, is an annual industry event attracting renowned machinery manufacturers around the world.
  • ReTo, a company in the comprehensive utilization of solid waste and ecological improvement, adheres to the philosophy of "technology improving ecology."
  • We look forward to sharing ReTo's growth and breakthroughs at the Saudi BIG5 exhibition."

ReTo Receives Nasdaq Notification Regarding Minimum Stockholders' Equity Deficiency

Retrieved on: 
Saturday, January 6, 2024
Failure, Letter, Reto, Internet, Notification, Calendar, Vaccine

BEIJING, Jan. 5, 2024 /PRNewswire/ -- ReTo Eco-Solutions, Inc. (Nasdaq: RETO) ("ReTo" or the "Company"), a provider of technology solutions and operation services for intelligent ecological environments and internet of things technology development services in China and other countries, today announced that the Company received a written notification (the "Notification Letter") from the Nasdaq Stock Market LLC ("Nasdaq") on December 28, 2023, notifying the Company that it is not in compliance with the Nasdaq Listing Rule 5550(b)(1) for continued listing due to its failure to maintain a minimum of $2.5 million in stockholders' equity.

Key Points: 
  • BEIJING, Jan. 5, 2024 /PRNewswire/ -- ReTo Eco-Solutions, Inc. (Nasdaq: RETO) ("ReTo" or the "Company"), a provider of technology solutions and operation services for intelligent ecological environments and internet of things technology development services in China and other countries, today announced that the Company received a written notification (the "Notification Letter") from the Nasdaq Stock Market LLC ("Nasdaq") on December 28, 2023, notifying the Company that it is not in compliance with the Nasdaq Listing Rule 5550(b)(1) for continued listing due to its failure to maintain a minimum of $2.5 million in stockholders' equity.
  • In the Company's Form 6-K dated December 27, 2023, the Company reported a negative stockholders' equity of approximately $0.83 million as of June 30, 2023.
  • The Notification Letter does not impact the Company's listing on the Nasdaq Capital Market at this time.
  • The Company is looking into various options available to regain compliance and maintain its continued listing on the Nasdaq Capital Market.

ReTo Eco-Solutions, Inc. Announces First Half 2023 Financial Results

Retrieved on: 
Wednesday, December 27, 2023
Tax, Government, Republic, Research, Reto, Internet, High, Construction, Income tax, Cryptocurrency

Revenues decreased by approximately $1.7 million, or 57%, to $1.2 million for the six months ended June 30, 2023 from approximately $2.9 million for the six months ended June 30, 2022.

Key Points: 
  • Revenues decreased by approximately $1.7 million, or 57%, to $1.2 million for the six months ended June 30, 2023 from approximately $2.9 million for the six months ended June 30, 2022.
  • Net loss increased by approximately $39.9 million, or 692%, to approximately $45.7 million for the six months ended June 30, 2023 from $5.8 million for the six months ended June 30, 2022.
  • Revenues decreased by approximately $1.7 million, or 57%, to $1.2 million for the six months ended June 30, 2023 from approximately $2.9 million for the six months ended June 30, 2022.
  • Gross margin was 8% for the six months ended June 30, 2023 as compared to 13% for the six months ended June 30, 2022.

ReTo Eco-Solutions Resumed Its Participation in the BIG 5 Global Exhibition

Retrieved on: 
Tuesday, December 5, 2023
Building material, Construction, Engineering, Exhibition, Communication, Reto, Architecture

BEIJING, Dec. 5, 2023 /PRNewswire/ -- ReTo Eco-Solutions, Inc. (Nasdaq: RETO) ("ReTo" or the "Company") today announced the participation of its subsidiary, Beijing REIT Technology Development Co., Ltd., in the BIG 5 Global exhibition, a global construction sector exhibition held at the Dubai World Trade Center from December 4 to 7, 2023.

Key Points: 
  • BEIJING, Dec. 5, 2023 /PRNewswire/ -- ReTo Eco-Solutions, Inc. (Nasdaq: RETO) ("ReTo" or the "Company") today announced the participation of its subsidiary, Beijing REIT Technology Development Co., Ltd., in the BIG 5 Global exhibition, a global construction sector exhibition held at the Dubai World Trade Center from December 4 to 7, 2023.
  • At the exhibition, ReTo will showcase a series of products and technologies, which are designed to meet the changing needs of the construction industry.
  • The BIG 5 Global exhibition in Dubai is a grand platform that brings together architecture, construction materials, and engineering innovation.
  • Mr. Hengfang Li, Chairman and CEO of ReTo, said, "The BIG 5 Global exhibition is a very important platform to us because we received multiple important orders at this exhibition many years ago, which opened up the Middle East market for us.

ReTo Receives Nasdaq Notification Regarding Minimum Bid Price Deficiency

Retrieved on: 
Wednesday, October 18, 2023
Reto, Face, Internet, Letter, Calendar, Failure, Cryptocurrency, Auction

BEIJING, Oct. 18, 2023 /PRNewswire/ -- ReTo Eco-Solutions, Inc. (Nasdaq: RETO) ("ReTo" or the "Company"), a provider of technology solutions and operation services for intelligent ecological environments and internet of things technology development services in China and other countries, today announced that the Company received a written notification (the "Notification Letter") from the Nasdaq Stock Market LLC ("Nasdaq") on October 13, 2023, notifying the Company that it is not in compliance with the minimum bid price requirement set forth in Nasdaq Rules for continued listing on the Nasdaq.

Key Points: 
  • BEIJING, Oct. 18, 2023 /PRNewswire/ -- ReTo Eco-Solutions, Inc. (Nasdaq: RETO) ("ReTo" or the "Company"), a provider of technology solutions and operation services for intelligent ecological environments and internet of things technology development services in China and other countries, today announced that the Company received a written notification (the "Notification Letter") from the Nasdaq Stock Market LLC ("Nasdaq") on October 13, 2023, notifying the Company that it is not in compliance with the minimum bid price requirement set forth in Nasdaq Rules for continued listing on the Nasdaq.
  • Nasdaq Listing Rule 5550(a)(2) requires listed securities to maintain a minimum bid price of US$1.00 per share, and Nasdaq Listing Rule 5810(c)(3)(A) provides that a failure to meet the minimum bid price requirement exists if the deficiency continues for a period of 30 consecutive business days.
  • Based on the closing bid price of the Company's common shares for the 30 consecutive business days from August 31, 2023 to October 12, 2023, the Company no longer meets the minimum bid price requirement.
  • To regain compliance, the Company's common shares must have a closing bid price of at least US$1.00 for a minimum of 10 consecutive business days.

ReTo Eco-Solutions, Inc. Announces $15 Million Registered Direct Offering and $10 Million Concurrent Private Placement

Retrieved on: 
Monday, October 2, 2023
Reto, Private, Internet, Enterprise file synchronization and sharing, Sale, Acquisition, Offering, Form, Growth, Security (finance), Regulation

These Shares are offered by means of the Company's registration statement on Form F-3 (File No.

Key Points: 
  • These Shares are offered by means of the Company's registration statement on Form F-3 (File No.
  • The sale of the Private Placement Shares under the Concurrent Private Placement is in reliance upon Regulation S of the Securities Act of 1933, as amended (the "Securities Act").
  • The closing of the sales under both the Offering and Concurrent Private Placement is expected to occur on or about October 3, 2023, subject to the satisfaction of customary closing conditions.
  • The Concurrent Private Placement is not conditioned on the closing of the Offering but is subject to customary closing conditions.

ReTo Regained Compliance with Nasdaq's Minimum Bid Price Requirement

Retrieved on: 
Tuesday, May 30, 2023
Reto, Cryptocurrency

BEIJING, May 30, 2023 /PRNewswire/ -- ReTo Eco-Solutions, Inc. (Nasdaq: RETO) ("ReTo" or the "Company"), a provider of technology solutions and operation services for intelligent ecological environments and roadside assistance services and software development services in China, today announced that on May 26, 2023, it received a notification letter from The Nasdaq Stock Market LLC ("Nasdaq") confirming the Company has regained compliance with Nasdaq's minimum bid price requirement under Listing Rule 5550(a)(2).

Key Points: 
  • BEIJING, May 30, 2023 /PRNewswire/ -- ReTo Eco-Solutions, Inc. (Nasdaq: RETO) ("ReTo" or the "Company"), a provider of technology solutions and operation services for intelligent ecological environments and roadside assistance services and software development services in China, today announced that on May 26, 2023, it received a notification letter from The Nasdaq Stock Market LLC ("Nasdaq") confirming the Company has regained compliance with Nasdaq's minimum bid price requirement under Listing Rule 5550(a)(2).
  • Nasdaq has noted that this matter is now closed.

Uzbek Customers Visited ReTo Eco-Solutions, Inc.

Retrieved on: 
Monday, May 22, 2023
Dai, Reto, Marketing, Ecology, Research, History, Taliya Communications, Municipal solid waste, Management, Uzbek

BEIJING, May 22, 2023 /PRNewswire/ -- ReTo Eco-Solutions, Inc. (NASDAQ: RETO ) ("ReTo" or the "Company"), a provider of technology solutions for the improvement of ecological environments, today announced that from May 18 to 19, 2023, Chinese President Xi Jinping hosted the China-Central Asia Leaders Summit in Xi'an, during the period Mr. Taliyaer and his entourages accompanying the Uzbek delegation visited the RETO user factory in Xi'an and inspected RETO's advanced production line.

Key Points: 
  • BEIJING, May 22, 2023 /PRNewswire/ -- ReTo Eco-Solutions, Inc. (NASDAQ: RETO ) ("ReTo" or the "Company"), a provider of technology solutions for the improvement of ecological environments, today announced that from May 18 to 19, 2023, Chinese President Xi Jinping hosted the China-Central Asia Leaders Summit in Xi'an, during the period Mr. Taliyaer and his entourages accompanying the Uzbek delegation visited the RETO user factory in Xi'an and inspected RETO's advanced production line.
  • The representatives gave full affirmation to the production capacity and quality system of RETO.
  • Taliyaer is visiting RETO and RETO's customers at the invitation of RETO and President and Chief Operating Officer Guangfeng Dai.
  • During his visit to the Tashkent International Investment Forum from April 27 to 29, President Dai visited the construction waste disposal company run by Taliyaer.