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BEIJING – ReTo Eco-Solutions, Inc. (NASDAQ:RETO), a Chinese manufacturer specializing in ecological environment protection and intelligent equipment, has regained compliance with the Nasdaq’s minimum bid price requirement. The micro-cap company, currently valued at $7.06 million, received notification from the Nasdaq Hearings Panel on March 28, 2025, confirming its adherence to Listing Rule 5550(a)(2). The stock has experienced significant volatility, falling nearly 74% over the past six months.
The Nasdaq Hearings Panel’s letter indicated that ReTo will be subject to a Discretionary Panel Monitor for one year, starting from the date of the letter, as per Listing Rule 5815(d)(4)(A). This monitoring period is standard procedure to ensure sustained compliance with the exchange’s requirements. According to InvestingPro analysis, the company faces significant financial challenges, with a weak financial health score and rapidly declining revenues (-20.27% year-over-year).
ReTo Eco-Solutions has been operational since 1999 and is involved in various aspects of environmental protection, including the research, development, and sale of related equipment. Its services extend to consultation, design, implementation, and installation, as well as providing engineering support and technical advice.
This announcement marks a positive development for ReTo, as maintaining compliance with Nasdaq’s listing rules is crucial for the company’s continued presence on the stock exchange. This news is based on a press release statement from ReTo Eco-Solutions, Inc.
In other recent news, ReTo Eco-Solutions has announced a 10-for-1 share consolidation, which will take effect next Monday. This move will reduce the total number of issued and outstanding Class A shares from approximately 19.35 million to 1.94 million, with the aim of elevating the market price per share to help maintain its Nasdaq listing. The share consolidation will not require a shareholder vote, and VStock Transfer, LLC will oversee the exchange process. Meanwhile, ReTo Eco-Solutions is also facing a delisting challenge from the Nasdaq Stock Market due to not meeting the minimum bid price requirement. The company was notified that its Class A shares had failed to maintain the necessary $1 minimum closing bid price over the preceding 30 business days. ReTo plans to request a hearing before a Nasdaq hearings panel, which will delay the suspension and delisting process until a decision is reached. However, there is no guarantee that ReTo will successfully regain compliance with all listing requirements. These developments highlight the company’s ongoing efforts to address its Nasdaq listing challenges.
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