Tantech Holdings Reestablishes Compliance with NASDAQ Minimum Bid Price Standards

Tantech Holdings Ltd, a prominent player in the field of bamboo charcoal-based products, announced a significant milestone on March 3, 2025. The company revealed that it has successfully regained compliance with the NASDAQ minimum bid price requirement under Listing Rule 5550(a)(2). As stated by NASDAQ, this matter is now officially closed as of February 28, 2025.

This development is crucial for Tantech, as it solidifies its standing in the market and reassures investors of its commitment to maintaining a robust performance. The company has built a strong identity over the past decade, characterized by innovative research and development in the production of bamboo charcoal-based products. With a well-established network for sales and distribution both domestically and internationally, Tantech has gained recognition and honors for its contributions to sustainable product initiatives.

In recent years, since acquiring 70% of Shangchi Automobile in 2017, Tantech has expanded its operations into vehicle manufacturing. This move marked a pivotal point for the company, allowing it to diversify its product lines and cater to a broader market. By establishing two new subsidiaries—Lishui Smart New Energy Automobile Co., Ltd. and Zhejiang Shangchi New Energy Automobile Co., Ltd.—in November 2020, Tantech ventured into the electric vehicle landscape. These subsidiaries were created to manufacture and sell electric street sweepers, showcasing the company's commitment to clean technology and innovation.

Tantech prides itself on holding certifications such as ISO 9000 and ISO 14000, which reflect its adherence to quality management and environmental stewardship. The company's dedication to research and development is further illustrated by numerous national and provincial awards, underscoring its commitment to academic and scientific excellence. The establishment of First International Commercial Factoring (Shenzhen) Co., Ltd., allows Tantech to engage in commercial factoring, aiding businesses within its supply chain and enhancing its overall business ecosystem.

As Tantech moves forward, the company remains focused on its strategic goals and objectives, navigating potential challenges presented by the market. The forward-looking statements made by the company indicate a persistent commitment to enhancing product demand, adapting to technological changes, and navigating economic variability. The board communicates that while there are risks inherent in the market, which include competition and regulatory modifications, the company holds a firm stance on growth and innovation.

In conclusion, Tantech Holdings Ltd's recent compliance with NASDAQ minimum bid price requirements signifies not just a maintenance of its stock status, but also a robust reaffirmation of its operational integrity. With a strong foundation in bamboo-based products and an expanding influence in the automobile industry, Tantech is set to continue paving its path in eco-friendly technology and sustainable business practices. For additional details about Tantech's ventures and products, visit their official website at Tantech Holdings.