ReTo Eco-Solutions, Inc. (NASDAQ:RETO), a company maintaining a strong financial health score according to InvestingPro data, filed an amended Form 6-K on Friday to provide additional financial information related to its acquisition of MeinMalzeBier Holdings Limited. The filing, submitted to the Securities and Exchange Commission, includes audited financial statements for MeinMalzeBier as of and for the years ended December 31, 2024 and 2023, as well as unaudited pro forma condensed combined financial information.
According to the statement, ReTo entered into a share exchange agreement on April 25 with MeinMalzeBier Holdings Limited and its shareholders, Lap Cheong Chan and Terence Kwong Lung Wong. Under the agreement, ReTo acquired 5,100 ordinary shares of MeinMalzeBier in exchange for cash and newly issued Class A shares of ReTo. The transaction was completed on the same day. With a current ratio of 4.95 and a moderate debt-to-equity ratio of 0.45, ReTo appears well-positioned to handle such strategic acquisitions.
The company stated that the amended 6-K was filed to present the audited financial statements of MeinMalzeBier and the unaudited pro forma financial information, as required by SEC regulations. The unaudited pro forma financial data is presented for illustrative purposes only and may not reflect the actual financial position or results of operations if the transaction had occurred on the date indicated.
The filing also notes that the actual results and financial position of the combined company may differ from the pro forma information. The documents were filed as exhibits to the amended 6-K.
This report is based on a press release statement and information disclosed in the SEC filing.
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