ReTo Eco-Solutions Announces Eight-to-One Reverse Stock Split
ReTo Eco-Solutions, Inc. (Nasdaq: RETO) has announced that its board of directors approved an eight-to-one share consolidation of its Class A shares. The combination will reduce the total number of issued and outstanding Class A shares from 7,324,215 to approximately 915,527. The new shares are scheduled to begin trading on a post-combination basis on November 2, 2026. The primary objective of this share combination is to increase the market price per share, which will help the company maintain its listing requirements on the Nasdaq Capital Market. No shareholder vote is required for this action under British Virgin Islands law. VStock Transfer, LLC will serve as the exchange agent for the transaction.
Tickers: $RETO
Topics: Nasdaq Listing Compliance Share Combination Stock Split
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