UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16
OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of June 2020
Commission file number: 001-38307
RETO ECO-SOLUTIONS, INC.
(Registrant’s name)
c/o Beijing REIT Technology Development Co., Ltd.
24th Floor, Tower B, 60 Anli Road, Chaoyang District, Beijing
People’s Republic of China 100101
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
Explanatory Note:
On June 25, 2020, ReTo Eco-Solutions, Inc. (the “Company”) issued a press release announcing it received a notification letter from Nasdaq Listing Qualifications advising the Company that as a result of the closing bid price of the Company’s common shares having been at $1.00 per share or greater for at least ten consecutive business days, from June 10, 2020 to June 23, 2020, the Company has regained compliance with Nasdaq’s minimum bid requirements, Listing Rule 5550(a)(2). A copy of the press release is attached hereto as Exhibit 99.1
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EXHIBIT INDEX
Number | Description of Exhibit | |
99.1 | Press Release dated June 25, 2020 |
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SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
RETO ECO-SOLUTIONS, INC. | ||
By: | /s/ Hengfang Li | |
Hengfang Li | ||
Chief Executive Officer |
Dated: June 25, 2020
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Exhibit 99.1
ReTo Eco-Solutions Regains NASDAQ Minimum Bid Compliance
BEIJING, CHINA – June 25, 2020 - ReTo Eco-Solutions, Inc. (the “Company,” “we” or “ReTo”) (NASDAQ: RETO), a full spectrum provider of products and services, ranging from the production of environmentally-friendly construction materials and manufacturing equipment used to produce construction materials, to project consulting, design and installation, today announced it has regained compliance with NASDAQ’s minimum bid price requirements for continued listing on the Nasdaq Capital Market. On June 24, 2020, the Company received a notification letter from Nasdaq Listing Qualifications advising the Company that as a result of the closing bid price of the Company’s common shares having been at $1.00 per share or greater for at least ten consecutive business days, from June 10, 2020 to June 23, 2020, the Company has regained compliance with Listing Rule 5550(a)(2) and the matter is now closed.
Mr. Li Hengfang, ReTo’s Chairman and Chief Executive Officer, commented, “We are pleased to have this matter formally closed. We believe ReTo has a promising future as we enable clean environment solutions and focus on raising awareness among the large number of investors worldwide that prioritize investments in companies, like ReTo, that are bringing environmental, social and governance (“ESG”) mandates to the forefront of their businesses.”
About ReTo Eco-Solutions, Inc. (NASDAQ: RETO)
Founded in 1999 and headquartered in Beijing, ReTo provides a full spectrum of products and services, ranging from the production of environmentally-friendly construction materials and manufacturing equipment used to produce construction materials, to project consulting, design and installation. The Company's proprietary, eco-friendly process repurposes mining waste, including iron tailings, and fly-ash. ReTo’s business extends from China to Canada, the United States, Mongolia, the Middle East, India, South Asia, North Africa and Brazil. For more information, please visit: http://en.retoeco.com
Forward-Looking Statements
This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Specifically, the Company’s statements regarding its ability to provide environmental solutions and raise awareness among investors are forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company’s goals and strategies; the Company’s future business development; product and service demand and acceptance; changes in technology; economic conditions; the growth of construction in China and internationally; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in China and internationally and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the Securities and Exchange Commission. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the U.S. Securities and Exchange Commission, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.
For more information, please contact:
ReTo Eco-Solutions, Inc.
Giorgio Zhao
TEL: +86-010-64827328
Email: ir@retoeco.com or 310@reit.cc
Global IR Partners
David Pasquale
New York Office Phone: +1-914-337-8801
RETO@globalirpartners.com