Business
ReTo Eco-Solutions, Inc. Regains Compliance with Nasdaq Minimum Bid Price Requirement
BEIJING, Nov. 15, 2021 /PRNewswire/ -- ReTo Eco-Solutions, Inc. (NASDAQ: RETO) ("ReTo" or the "Company") a provider of technology solutions for the
About this update from Reto Eco-solutions, Inc.
[{"type":"text","content":"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\").\nOn 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).\nAbout ReTo Eco-Solutions, Inc. (NASDAQ: RETO)\nFounded 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 \nForward-Looking Statements \nThis 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 ...