瑞图生态美股招股说明书(2023-05-19版)

424B51ea178869-424b5_retoeco.htmPROSPECTUSSUPPLEMENT FiledPursuanttoRule424(b)(5)RegistrationNo.333-267101 PROSPECTUSSUPPLEMENT (ToProspectusdatedDecember6,2022) ReToEco-Solutions,Inc. Anaggregateofferingamountof$6,600,000 Weareoffering2,000,000commonshares,parvalueUS$0.01pershare(“CommonShares”),atapriceof $3.30persharetocertainindividualinvestors(collectively,the“Investors”)pursuanttothisprospectussupplementandtheaccompanyingprospectusandasecuritiespurchaseagreement,datedasofMay18,2023(the“SecuritiesPurchaseAgreement”)withsuchInvestors. OurCommonSharesarelistedontheNasdaqCapitalMarketunderthesymbol“RETO.”AsofMay17,2023,theclosingsalepriceofourCommonShareswas$2.23andtheaggregatemarketvalueofouroutstandingvotingandnon-votingcommonequityheldbynon-affiliateswasapproximately$10.5millionbasedon5,378,773outstandingCommonShares,ofwhich4,693,456CommonShareswereheldbynon-affiliates.WehavenotofferedanysecuritiespursuanttoGeneralInstructionI.B.5ofFormF-3duringtheprior12calendarmonthperiodthatendsonandincludesthedateofthisprospectussupplement.ThehighestclosingsalepriceofourCommonSharesasreportedbytheNasdaqCapitalMarketwithinthe60dayspriortothedateofthisprospectussupplementwas$4.23persharesonMarch20,2023andaccordinglywemaysellupto$6,617,772.96ofourCommonShareshereunder. OnMay18,2023,weenteredintotheSecuritiesPurchaseAgreementwithcertainInvestorsforthesaleofanaggregateof2,000,000CommonSharesatapurchasepriceof$3.30pershare,foraggregategrossproceedsof$6,600,000.ThenetproceedsreceivedbyusfromtheofferingwillbeusedtofundthegrowthofourbusinessinChinaforworkingcapitalandgeneralbusinesspurposes. OnJune3,2022,wereceivedawrittennotificationfromtheNasdaqStockMarketLLC(“Nasdaq”)thatwewerenotincompliancewiththeminimumbidpricerequirementof$1.00pershareundertheNasdaqListingRules.InaccordancewithNasdaqListingRules,wemustregaincompliancewithin180calendardays,orbyNovember30,2022.Toregaincompliance,ourCommonSharesneedtohaveaclosingbidpriceofatleast$1.00foraminimumof10consecutivebusinessdays.OnDecember1,2022,wereceivedanotherwrittennotificationfromNasdaq,notifyingusthatweareeligibleforanadditional180calendardayperiod,oruntilMay30,2023,toregaincompliancewithNasdaq’scontinuedlistingrequirementtomaintainaminimumbidpriceof$1.00pershare.OnMay15,2023,weimplementedasharecombination(the“ShareCombination”)ofourauthorized,issuedandoutstandingCommonSharesataratioof10-for-1sothatevery10shares(orpartthereof)currentlyauthorizedandissuedarecombinedintoone(1)share(withthefractionalsharesroundinguptothenextwholeshare).OurCommonSharesbegantradingonapostShareCombinationbasisonMay15,2023.AsaresultoftheShareCombination,ourauthorizedshareshavebeenchangedfrom200,000,000CommonShares,parvalue$0.001pershare,to20,000,000CommonShares,parvalue$0.01pershare,andourissuedandoutstandingCommonShareshavebeenreducedfrom53,787,689toapproximately5,378,773.Asofthedateofthisprospectussupplement,we havenotregainedcompliancewiththeminimumbidpricerequirement.TherecanbenoassurancethatwewillbeabletoregaincompliancewiththeminimumbidpricerequirementaftertheShareCombination. Investinginoursecuritiesishighlyspeculativeandinvolvesasignificantdegreeofrisk.ReToEco-Solutions,Inc.,aBritishVirginIslandsbusinesscompany(“ReTo”),isnotanoperatingcompanyestablishedinthePeople’sRepublicofChina(the“PRC”or“China”),butaholdingcompanyincorporatedintheBritishVirginIslands.Asaholdingcompanywithnomaterialoperationsofitsown,ReToconductssubstantiallyallofitsoperationsthroughitssubsidiariesestablishedinmainlandChina.ThesecuritiesofferedinthisprospectussupplementaresecuritiesofReTo.See“RiskFactors”beginningonpageS-21andthe“RiskFactors”intheaccompanyingprospectustoreadaboutfactorsyoushouldconsiderbeforepurchasingourCommonShares. INVESTORSPURCHASINGSECURITIESINTHISOFFERINGAREPURCHASINGSECURITIESOFRETO,RATHERTHANSECURITIESOFITSSUBSIDIARIESTHATCONDUCTSUBSTANTIVEBUSINESSOPERATIONSINCHINA. Inthisprospectussupplement,“we,”“us,”“our,”“ourcompany,”the“Company,”orsimilartermsrefertoReToEco-Solutions,Inc.anditsconsolidatedsubsidiaries,unlessthecontextotherwiseindicates.WeconductsubstantiallyallofouroperationsthroughoursubsidiariesestablishedinthePRC.Whenusedherein,thereferencestolawsandregulationsof“China”orthe“PRC”areonlytosuchlawsandregulationsofmainlandChina,excluding,forthepurposeofthisprospectussupplementonly,Taiwan,HongKongandMacau. AsweconductsubstantiallyallofouroperationsinChina,wearesubjecttolegalandoperationalrisksassociatedwithhavingsubstantiallyallofouroperationsinChina,whichriskscouldresultinamaterialchangeinouroperationsand/orthevalueofthesecuritiesweareregisteringforsaleorcouldsignificantlylimitorcompletelyhinderourabilitytoofferorcontinuetoofferoursecuritiestoinvestorsandcausethevalueofoursecuritiestosignificantlydeclineorbeworthless.Recently,thePRCgovernmentinitiatedaseriesofregulatoryactionsandmadeanumberofpublicstatementsontheregulationofbusinessoperationsinChinawithlittleadvancenotice,includingcrackingdownonillegalactivitiesinthesecuritiesmarket,enhancingsupervisionoverChina-basedcompanieslistedover