getmoreshares
3 months ago
1 for 10 RS 3/7 he Company's Class A shares will begin trading on a post combination basis on March 7, 2025.
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 $0.1 per share to $1.0 per share, and the Company's issued and outstanding Class A shares will be reduced from 19,352,636 to approximately 1,935,264. The Company's Class A shares will continue to trade on the Nasdaq Capital Market ("Nasdaq") under the symbol "RETO" under a new CUSIP number β G75271307. The Share Combination is intended to increase the market price per share of the Company's Class A shares to allow the Company to maintain its Nasdaq listing.