ReTo Eco-Solutions Inc (RETO)

ReTo Eco-Solutions Inc Stock (RETO) dropped by 9.71% from $3.09 to $2.79 in the trading on Friday August 04, 2023. The reason why RETO stock down today is due to the announcement of registered direct offering and trading resumption. The company has just disclosed a registered direct offering of 2 million shares of common stock, totaling $6.6 million. Investors has reacted negatively to the news, leading to a sell-off which caused RETO stock down today.

ReTo Eco-Solutions Inc Stock (RETO) dropped by 9.28% from $2.37 to $2.15 in the trading on Friday May 19, 2023. The reason why RETO stock down today is due to the announcement of registered direct offering. ReTo Eco-Solutions has entered into a securities purchase agreement for the sale of 2,000,000 common shares at a purchase price of $3.30 per share, or an aggregate purchase price of $6.6 million. The shares will be sold in a registered direct offering.