BEIJING, March 20,
2024 /PRNewswire/ -- ReTo Eco-Solutions, Inc.
(Nasdaq: RETO) ("ReTo" or the "Company"), a provider
of technology solutions and operation services for intelligent
ecological environments and Internet of Things technology
development services in China and
other countries, today announced that on March 15, 2024, it received a notification letter
from The Nasdaq Stock Market LLC ("Nasdaq") confirming the
Company has regained compliance with Nasdaq's minimum bid price
requirement under Nasdaq Listing Rule 5550(a)(2). Nasdaq has noted
that this matter is now closed.
In addition, on March 15, 2024,
the Company received a notification letter from Nasdaq that it has
determined to grant the Company an extension to regain compliance
with the minimum stockholders' equity criteria as set forth in
Nasdaq Listing Rule 5550(b)(1), provided that the Company files by
May 15, 2024 its Form 20-F for the
fiscal year ended December 31, 2023,
demonstrating its compliance with such minimum stockholders' equity
criteria.
About ReTo Eco-Solutions, Inc.
Founded in 1999, ReTo Eco-Solutions, Inc., through its
proprietary technologies, systems and solutions, is striving to
bring clean water and fertile soil to communities worldwide. The
Company, through its operating subsidiaries in China, is engaged in the ecological
restoration and solid waste treatment, manufacturing and
distribution of eco-friendly construction materials (aggregates,
bricks, pavers and tiles) made from mining waste (iron tailings),
and soil remediation materials transformed from solid waste (iron
tailings), as well as equipment used for the production of these
eco-friendly construction materials and soil remediation materials.
In addition, the Company provides consultation, design, project
implementation and construction of urban ecological protection
projects and parts, engineering support, consulting, technical
advice and service, and other project-related solutions for its
manufacturing equipment and environmental protection projects. The
Company also offers roadside assistance services and technology
development services utilizing Internet of Things technologies. For
more information, please visit: http://en.retoeco.com.
For more information, please contact:
ReTo Eco-Solutions, Inc.
Angela Hu
Beijing Phone: +86-010-64827328
ir@retoeco.com or 310@reit.cc
View original
content:https://www.prnewswire.com/news-releases/reto-regained-compliance-with-nasdaqs-minimum-bid-price-requirement-and-received-extension-on-compliance-with-nasdaqs-minimum-stockholders-equity-rule-302094039.html
SOURCE ReTo Eco-Solutions, Inc.