Tantech Holdings Implements Share Consolidation to Meet NASDAQ Requirements

Tantech Holdings Implements Share Consolidation to Meet NASDAQ Requirements



Tantech Holdings Ltd, traded on NASDAQ under the symbol TANH, has made a pivotal decision aimed at maintaining its listing on the NASDAQ Capital Market. On January 21, 2025, the Company’s Board of Directors approved a 1-for-40 consolidation of its common shares. This change is set to take effect on February 13, 2025, marking a significant transition for the company.

Key Details of the Consolidation



The consolidation will see every forty existing common shares automatically merged into one. This procedure is designed to enhance the Company’s standing under NASDAQ Marketplace Rule 5550(a)(2), which pertains to the minimum bid price of listed securities. As a result of the consolidation, the total number of outstanding shares will drop dramatically from approximately 47.6 million to an estimated 1.2 million shares, pending adjustments for fractional shares.

Shareholders won't need to take any action for this consolidation to occur; the conversion will happen automatically. However, the Company will redeem any fractional shares created, ensuring that shareholders’ interests are safeguarded.

The new CUSIP number associated with the consolidated shares will be G8675X156, although shareholders will continue trading under the TANH symbol. This adjustment signifies an effort not only to comply with regulatory standards but also to enhance market perception of the company's stock.

About Tantech Holdings



Founded over a decade ago, Tantech has carved a niche as a leading high-tech enterprise specialized in bamboo charcoal-based products. With a robust domestic and international distribution network, it has successfully diversified its offerings into the automotive sector. The Company notably acquired a 70% stake in Shangchi Automobile in 2017, further establishing its presence in vehicle production. Additionally, Tantech has enhanced its portfolio by launching two subsidiaries focused on electric vehicles and street sweepers in late 2020.

The Company prides itself on holding ISO 9001 and ISO 14001 certifications, a testament to its commitment to quality and environmental management systems. These accolades, coupled with various awards for innovation, underscore Tantech’s dedication to advancing its operations and product offerings.

Future Outlook



This strategic share consolidation is part of Tantech's broader plan to align with market expectations and enhance shareholder value. The Company remains optimistic about its growth trajectory, projecting increased demand for its unique products both in the traditional market and emerging green technologies.

Looking ahead, Tantech Holdings is poised to continue its commitment to research and development. As a multinational manufacturer, it aims to integrate innovative practices into its operations, ensuring resilience against market fluctuations and a sustainable business model.

It is essential for investors and market analysts to monitor Tantech’s performance closely following this significant alteration in share structure. The Company’s ability to comply with NASDAQ's stringent regulations will undoubtedly play a crucial role in its future success and market stability. For further details on their offerings or financial performance, stakeholders are encouraged to visit Tantech's official website, Tantech Holdings.

In summary, the upcoming share consolidation represents a key moment for Tantech, reflecting its commitment to corporate governance and long-term strategic planning to foster investor confidence and ensure compliance with regulatory standards.

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Topics Business Technology)

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