ReTo Eco-Solutions Announces Share Consolidation on a Twenty-to-One Basis
ReTo Eco-Solutions, Inc., listed on Nasdaq as RETO, has announced the consolidation of its Class A shares at a ratio of twenty-to-one. The move is set to take effect starting October 2, 2026, reducing the number of issued and outstanding shares from approximately 145 million to around 7.3 million. The share combination aims to increase the market price per share in order for ReTo to maintain its Nasdaq listing requirements. The company emphasized that no shareholder action is required as part of this process; fractional shares will be rounded up automatically, and a new CUSIP number has been assigned under which the stock will continue trading. The decision was approved by the board without needing shareholder approval due to legal provisions in the British Virgin Islands where ReTo is incorporated. VStock Transfer, LLC serves as the exchange agent for this process.
Tickers: $RETO