On July 31, 2023, The Board Of Directors Of ReTo Eco-Solutions Approved Change Of The Maximum Number Of Shares That The Company Is Authorized To Issue From 20M To An Unlimited Amount Of Shares Of A Single Class Each With A Par Value Of $0.01
Portfolio Pulse from Happy Mohamed
The Board of Directors of ReTo Eco-Solutions has approved a change in the maximum number of shares that the company is authorized to issue from 20 million to an unlimited amount. Each share will have a par value of $0.01.
August 04, 2023 | 3:33 pm
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ReTo Eco-Solutions has approved an unlimited issuance of shares, potentially diluting the value of existing shares.
The decision to increase the maximum number of shares that ReTo Eco-Solutions can issue to an unlimited amount could lead to dilution of the value of existing shares. This is because the more shares that are issued, the smaller the portion of the company that each share represents. This could potentially lead to a decrease in the stock price.
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