ReTo Eco-Solutions, Inc. Regains Compliance with Nasdaq Minimum Bid Price Requirement

Rhea-AI Summary

ReTo Eco-Solutions, Inc. (NASDAQ: RETO) has regained compliance with the Nasdaq minimum bid price requirement, achieving a closing bid price of $1.00 per share or greater for 10 consecutive business days from October 28 to November 10, 2021. This compliance restores its listing status on Nasdaq, which is essential for maintaining investor confidence. ReTo specializes in technology solutions for ecological improvements, including environmentally-friendly construction materials and soil restoration.

Positive

• Regained compliance with Nasdaq minimum bid price requirement, closing at $1.00 per share for 10 consecutive days.
• This compliance is crucial for investor confidence and maintains listing status on Nasdaq.

Negative

• None.

BEIJING, Nov. 15, 2021 /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 it received notification from the Listing Qualifications Department of The Nasdaq Stock Market ("Nasdaq") compliance with the minimum bid price requirement of US$1.00 per share under the Nasdaq Listing Rules (the "Listing Rules").

On November 11 2021, Nasdaq provided confirmation to the Company that for at least 10 consecutive business days, i.e. from October 28 to November 10, 2021, the closing bid price of the Company's ordinary shares has been at $1.00 per share or greater. Accordingly, the Company has regained compliance with Listing Rule 5550(a)(2).

About ReTo Eco-Solutions, Inc. (NASDAQ: RETO)

Founded in 1999, ReTo Eco-Solutions, Inc. (NASDAQ: RETO), through its proprietary technologies, systems and solutions, is striving to bring clean water and fertile soil to communities worldwide. The Company offers a full range of products and services, ranging from the production of environmentally-friendly construction materials, environmental protection equipment, and manufacturing equipment used to produce environmentally-friendly construction materials, to project consulting, design, and installation for the improvement of ecological environments, such as ecological soil restoration through solid waste treatment. For more information, please visit: http://en.retoeco.com

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. When the Company uses words such as "may," "will," "intend," "should," "believe," "expect," "anticipate," "project," "estimate," or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Specifically, the Company's statements regarding: 1) the ability of additional features and customized configurations on its machinery and equipment products to attract new customers; 2) the ability of the growth of its business to resume in the near future; and 3) the further spread of COVID-19 or the occurrence of another wave of cases and the impact it may have on the Company's operations are forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company's goals and strategies; the Company's future business development; product and service demand and acceptance; changes in technology; economic conditions; the growth of the construction industry in China; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in China and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the Securities and Exchange Commission. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the U.S. Securities and Exchange Commission, which are available for review at www.sec.gov. 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.
Giorgio Zhao
Beijing Phone: +86-10-64827328
ir@retoeco.com or 310@reit.cc

View original content:https://www.prnewswire.com/news-releases/reto-eco-solutions-inc-regains-compliance-with-nasdaq-minimum-bid-price-requirement-301423797.html

SOURCE ReTo Eco-Solutions, Inc.

FAQ

What recent compliance milestone did ReTo Eco-Solutions achieve?

ReTo Eco-Solutions regained compliance with Nasdaq's minimum bid price requirement by maintaining a closing bid price of $1.00 per share for 10 consecutive business days.

What is the significance of ReTo achieving Nasdaq compliance on November 11, 2021?

Achieving Nasdaq compliance is significant as it helps maintain investor confidence and ensures the company's shares remain listed on the Nasdaq exchange.

How long did ReTo Eco-Solutions maintain the required bid price for Nasdaq compliance?

ReTo maintained the required bid price of $1.00 per share for 10 consecutive business days from October 28 to November 10, 2021.

What does ReTo Eco-Solutions focus on as a company?

ReTo specializes in technology solutions for ecological improvements, including environmentally-friendly construction materials and ecological soil restoration.

What is the stock symbol for ReTo Eco-Solutions?

The stock symbol for ReTo Eco-Solutions is RETO.