Reto receives an additional 180 day period to regain compliance with the nasdaq minimum bid price requirement

Beijing , dec. 6, 2022 /prnewswire/ -- reto eco-solutions, inc. (nasdaq: reto) ("reto" or the "company"), a provider of technology solutions and operation services for intelligent ecological environments and roadside assistance services and software development services in china, today announced that the company received a written notification (the "notification letter") from nasdaq stock market llc ("nasdaq") on december 1, 2022, notifying the company that it is eligible for an additional 180 calendar day period, or until may 30, 2023 (the "second compliance period"), to regain compliance with nasdaq's continued listing requirement to maintain a minimum bid price of $1.00 per share, as set forth in nasdaq listing rule 5550(a)(2). nasdaq's determination is based on the company meeting the continued listing requirement for market value of publicly held shares and all other applicable requirements for initial listing on the nasdaq capital market with the exception of the bid price requirement, and the company's written notice of its intention to cure the deficiency during the second compliance period by effecting a reverse share split, if necessary.
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