Reto receives nasdaq notification regarding minimum bid price deficiency

Beijing , oct. 18, 2023 /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 the company received a written notification (the "notification letter") from the nasdaq stock market llc ("nasdaq") on october 13, 2023, notifying the company that it is not in compliance with the minimum bid price requirement set forth in nasdaq rules for continued listing on the nasdaq. nasdaq listing rule 5550(a)(2) requires listed securities to maintain a minimum bid price of us$1.00 per share, and nasdaq listing rule 5810(c)(3)(a) provides that a failure to meet the minimum bid price requirement exists if the deficiency continues for a period of 30 consecutive business days.
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