$3.870
-0.030 (-0.77%)At close
RETO News
RETO Events
ReTo Eco-Solutions Inc Trading Halted, News Pending
ReTo Eco-Solutions Inc trading halted, news pending
ReTo Eco-Solutions Inc Trading Halted, News Pending
ReTo Eco-Solutions Inc trading halted, news pending
ReTo Eco-Solutions Implements 20-for-1 Share Combination
ReTo Eco-Solutions announced that its board of directors approved a combination of its Class A shares on a twenty-to-one basis. The Class A Shares will begin trading on a post combination basis on October 2. As a result of the share combination, each twenty pre-combination Class A Shares will be automatically combined into one Class A share without any action on the part of the holders, with the number of issued and outstanding Class A shares reduced from 145,814,975 to approximately 7,290,749. The share combination is intended to increase the market price per share of the Class A shares to allow the company to maintain its Nasdaq listing, ReTo stated.
ReTo Eco-Solutions Issues 10M Class A Shares at $1.50 Each
ReTo Eco-Solutions announced that it has entered into securities purchase agreements with certain institutional investors an aggregate of 10M of the company's Class A shares at a purchase price of $1.50 per share in a registered direct offering. The company also agreed to issue to the same investors 10M with an exercise price of $2.75 per share. The Warrants will be immediately exercisable upon issuance and have a 1-year term from the date of issuance. Each warrant has a zero cash exercise option permitting the holder to acquire up to 9 Class A shares. The aggregate gross proceeds to the company of this offering are expected to be approximately $15M, before deducting placement agent fees and other offering expenses payable by the Company. Investors will have an additional purchase right to acquire up to $15M of securities on the same terms and conditions for during the 10 day period after pricing.The offering is expected to close on or about September 18, subject to the satisfaction of customary closing conditions. Univest Securities is acting as the sole placement agent.
ReTo Eco-Solutions Files $300M Mixed Securities Shelf
ReTo Eco-Solutions files $300M mixed securities shelf
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