ReTo Eco-Solutions, Inc. Announces Share Combination
ReTo Eco-Solutions (Nasdaq: RETO), a Chinese manufacturer of eco-friendly materials equipment, has announced a ten-to-one share combination effective March 7, 2025. The board-approved measure will automatically combine every ten pre-combination Class A shares into one share, reducing outstanding Class A shares from 19,352,636 to approximately 1,935,264.
The share's par value will increase from $0.1 to $1.0 per share. The company will continue trading on the Nasdaq Capital Market under the symbol 'RETO' with a new CUSIP number (G75271307). This strategic move aims to increase the market price per share to maintain Nasdaq listing compliance.
Shareholders holding shares not evenly divisible by ten will receive an additional share instead of fractional shares. The combination doesn't require shareholder approval under British Virgin Islands law.
ReTo Eco-Solutions (Nasdaq: RETO), un produttore cinese di attrezzature per materiali ecologici, ha annunciato una combinazione di azioni dieci a uno che entrerà in vigore il 7 marzo 2025. La misura approvata dal consiglio combinerà automaticamente ogni dieci azioni di Classe A pre-combinazione in un'azione, riducendo le azioni di Classe A in circolazione da 19.352.636 a circa 1.935.264.
Il valore nominale dell'azione aumenterà da $0,1 a $1,0 per azione. L'azienda continuerà a essere quotata sul Nasdaq Capital Market con il simbolo 'RETO' e un nuovo numero CUSIP (G75271307). Questa mossa strategica mira ad aumentare il prezzo di mercato per azione per mantenere la conformità con la quotazione Nasdaq.
Gli azionisti che detengono azioni non divisibili per dieci riceveranno un'azione aggiuntiva invece di azioni frazionarie. La combinazione non richiede l'approvazione degli azionisti secondo la legge delle Isole Vergini Britanniche.
ReTo Eco-Solutions (Nasdaq: RETO), un fabricante chino de equipos para materiales ecológicos, ha anunciado una combinación de acciones de diez a uno que entrará en vigor el 7 de marzo de 2025. La medida aprobada por la junta combinará automáticamente cada diez acciones de Clase A pre-combinación en una acción, reduciendo las acciones de Clase A en circulación de 19,352,636 a aproximadamente 1,935,264.
El valor nominal de la acción aumentará de $0.1 a $1.0 por acción. La empresa continuará cotizando en el Nasdaq Capital Market bajo el símbolo 'RETO' con un nuevo número CUSIP (G75271307). Este movimiento estratégico tiene como objetivo aumentar el precio de mercado por acción para mantener el cumplimiento de la cotización en Nasdaq.
Los accionistas que posean acciones no divisibles por diez recibirán una acción adicional en lugar de acciones fraccionarias. La combinación no requiere la aprobación de los accionistas según la ley de las Islas Vírgenes Británicas.
ReTo Eco-Solutions (Nasdaq: RETO), 친환경 재료 장비를 제조하는 중국 기업이 2025년 3월 7일부터 10대 1의 주식 병합을 발표했습니다. 이사회에서 승인한 이 조치는 조합 전의 10주를 1주로 자동으로 병합하여, 유통 중인 A 클래스 주식을 19,352,636주에서 약 1,935,264주로 줄입니다.
주식의 액면가는 주당 $0.1에서 $1.0로 증가합니다. 회사는 'RETO' 기호로 Nasdaq Capital Market에서 계속 거래되며, 새로운 CUSIP 번호(G75271307)를 부여받습니다. 이 전략적 조치는 Nasdaq 상장 기준을 유지하기 위해 주당 시장 가격을 높이는 것을 목표로 합니다.
10으로 나누어 떨어지지 않는 주식을 보유한 주주들은 분할 주식 대신 추가 주식을 받게 됩니다. 이 조합은 영국령 버진 아일랜드 법에 따라 주주 승인 없이 진행됩니다.
ReTo Eco-Solutions (Nasdaq: RETO), un fabricant chinois d'équipements pour matériaux écologiques, a annoncé une combinaison d'actions de dix pour un qui entrera en vigueur le 7 mars 2025. La mesure approuvée par le conseil combinera automatiquement chaque dix actions de Classe A avant la combinaison en une seule action, réduisant le nombre d'actions de Classe A en circulation de 19 352 636 à environ 1 935 264.
La valeur nominale de l'action augmentera de 0,1 $ à 1,0 $ par action. L'entreprise continuera à être cotée sur le Nasdaq Capital Market sous le symbole 'RETO' avec un nouveau numéro CUSIP (G75271307). Ce mouvement stratégique vise à augmenter le prix du marché par action pour maintenir la conformité avec les exigences de cotation du Nasdaq.
Les actionnaires détenant des actions non divisibles par dix recevront une action supplémentaire au lieu d'actions fractionnaires. La combinaison ne nécessite pas l'approbation des actionnaires en vertu de la loi des Îles Vierges britanniques.
ReTo Eco-Solutions (Nasdaq: RETO), ein chinesischer Hersteller von umweltfreundlichen Materialgeräten, hat eine zehn-zu-eins Aktienkombination angekündigt, die am 7. März 2025 in Kraft tritt. Die vom Vorstand genehmigte Maßnahme wird automatisch jede zehn vor der Kombination gehaltenen Klasse-A-Aktien in eine Aktie umwandeln, wodurch die ausstehenden Klasse-A-Aktien von 19.352.636 auf etwa 1.935.264 reduziert werden.
Der Nennwert der Aktie wird von 0,1 $ auf 1,0 $ pro Aktie steigen. Das Unternehmen wird weiterhin unter dem Symbol 'RETO' im Nasdaq Capital Market mit einer neuen CUSIP-Nummer (G75271307) gehandelt. Dieser strategische Schritt zielt darauf ab, den Marktpreis pro Aktie zu erhöhen, um die Einhaltung der Nasdaq-Listungsanforderungen aufrechtzuerhalten.
Aktionäre, die Aktien halten, die nicht gleichmäßig durch zehn teilbar sind, erhalten eine zusätzliche Aktie anstelle von Bruchstücken. Die Kombination erfordert gemäß dem Recht der Britischen Jungferninseln keine Genehmigung der Aktionäre.
- Strategic move to maintain Nasdaq listing compliance
- No shareholder dilution from share combination
- Additional shares provided instead of fractional shares
- Potential indication of share price weakness requiring reverse split
- Risk of failing to maintain Nasdaq listing requirements
As a result of the Share Combination, each ten (10) pre-combination Class A shares of the Company will be automatically combined into one (1) Class A share without any action on the part of the holders, with par value of the Class A shares of the Company being changed from
No fractional shares will be issued as a result of the Share Combination. Shareholders who otherwise would be entitled to a fractional share because they hold a number of Class A shares not evenly divisible by ten will automatically be entitled to receive an additional share of the Company's Class A shares.
The Share Combination will not be submitted to a vote of the Company's shareholders as a vote is not required under the laws of the
The Company's transfer agent, VStock Transfer, LLC, will act as the exchange agent. Adjustments made to Class A shares represented by physical stock certificates can be made upon surrender of the certificate to the transfer agent. Please contact VStock Transfer, LLC for further information at (212) 828-8436.
About ReTo Eco-Solutions, Inc.
Founded in 1999, ReTo Eco-Solutions, Inc., through its operating subsidiaries in
Forward-Looking Statements
This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. The Company's actual results may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties. For example, there can be no assurance that the Company will be able to regain compliance and maintain its listing on Nasdaq. The reports filed by the Company with the Securities and Exchange Commission discuss these and other import factors and risks that may affect the Company's business, results of operations and financial conditions. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.
For more information, please contact:
ReTo Eco-Solutions, Inc.
Tel: +86-010-64827328
Email: ir@retoeco.com or 310@reit.cc
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SOURCE ReTo Eco-Solutions, Inc.
FAQ
When will RETO's 10:1 share combination take effect?
How many RETO shares will be outstanding after the share combination?
What happens to fractional RETO shares after the combination?
What is the purpose of RETO's share combination?
