#China #Lishui #Tantech Holdings #NASDAQ TANH #Compliance Notification

Tantech Holdings Faces Nasdaq Non-Compliance Notification

On March 31, 2026, Tantech Holdings Ltd (NASDAQ: TANH) announced that it had received a letter from The Nasdaq Stock Market concerning its compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2). This notification was triggered after the closing bid price of the company's Class A common shares fell below $1.00 for a stretch of 30 consecutive business days.

This notification does not immediately affect the trading of the company’s shares on Nasdaq, and they will continue to trade under the ticker symbol “TANH.” However, the company now faces a compliance period of 180 calendar days, ending on September 22, 2026, to rectify this issue. If at any time during this grace period, the closing bid price per share reaches or exceeds $1.00 for ten consecutive business days, Nasdaq will confirm compliance, effectively closing the matter.

Should the company decide to implement a reverse stock split as a remedy, it must perform this action no later than ten business days before the September deadline. If Tantech fails to regain compliance by that date, it may qualify for one additional grace period of 180 calendar days, provided it meets the market value requirement for publicly held shares and other listing standards, excluding the bid price requirement. However, the company must notify Nasdaq of its intentions to address the deficiency during the second compliance period.

In the wake of this notification, Tantech Holdings is closely monitoring the trading prices of its shares and is exploring options to regain compliance, including a possible reverse stock split. Nonetheless, the company has stated that there is no guarantee it will manage to meet Nasdaq’s continued listing requirements timely.

About Tantech Holdings Ltd

Tantech is a high-tech enterprise with a focus on producing products made from bamboo charcoal. The company has been in operation since 2002 and has a well-established sales and distribution network both domestically and internationally. In 2024, Tantech diversified into the home building materials sector and has continued to enhance its presence in North America by establishing U.S. subsidiaries since 2022.

The company is ISO 9000 and ISO 14000 certified and has earned several national, provincial, and municipal honors for its products and research and development achievements. Further information can be accessed through their website at Tantech.

Caution Regarding Forward-Looking Statements

This announcement contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. These statements refer to the company’s sales, plans, objectives, goals, strategies, and assumptions along with various uncertainties and risks such as product demand, market conditions, technological changes, competitive pressures, regulatory changes, and more as detailed in reports filed by the company with the Securities and Exchange Commission. Tantech Holdings Ltd. explicitly states that it does not commit to updating any forward-looking statements post the date of this announcement.

For further inquiries, please contact Tantech Holdings Ltd Investor Relations via phone at +86 (578) 226-2305 or email at [email protected].