ReTo Eco-Solutions, Inc. Announces 8-to-1 Share Consolidation
ReTo Eco-Solutions, Inc. has announced that its board of directors approved an eight-to-one reverse stock split of its Class A shares to maintain its Nasdaq listing.
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ReTo Eco-Solutions shares are trading lower after the company announced a 1-for-20 reverse stock split.
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ReTo Eco-Solutions Announces 1-For-20 Reverse Split Effective October 2
Univest Securities, LLC Announces Closing of $15.0 Million Registered Direct Offering for its Client ReTo Eco-Solutions, Inc. (NASDAQ: RETO)
Univest Securities completed a $15.0 million registered direct offering for ReTo Eco-Solutions, Inc. (NASDAQ: RETO), a manufacturer of eco-friendly construction materials in China. The offering included 10 million Class A ordinary shares at $1.50 per share and 10 million warrants with a $2.75 exercise price. Univest acted as the sole placement agent for the transaction.