Tantech Holdings Ltd receives extension of NASDAQ’s minimum bid price requirement

LISHUI, China, 28 August 2024 /PRNewswire/ — Tantech Holdings Ltd (NASDAQ: TANH) (“Tantech” or the “Company”) today announced that on August 27, 2024, it received a notice from The Nasdaq Stock Market LLC (“NASDAQ”) confirming that the Company has been granted an additional 180 calendar days to comply with its minimum bid price requirement until February 24, 2025. To regain compliance with NASDAQ’s minimum bid price requirement, the closing bid price of the Company’s common stock must be at least 1,00 € per share or more for at least ten consecutive business days until February 24, 2025.

About Tantech Holdings Ltd

For the past decade, Tantech has been a highly specialized high-tech company that manufactures, researches and develops bamboo charcoal-based products and has an established national and international sales network. Since 2017, when the company 70% from Shangchi Automobile, a vehicle manufacturer based in Zhangjiagang, Jiangsu Provinceit has manufactured and sold vehicles. The company established two new subsidiaries, Lishui Smart New Energy Automobile Co., Ltd. and Zhejiang Shangnilai Technology Co., Ltd (formerly Zhejiang Shangchi New Energy Automobile Co., Ltd), in November 2020 to manufacture and sell road sweepers and other electric vehicles. The company is fully ISO 90000 and ISO 14000 certified and has received a number of national, regional and local honors, awards and certifications for its products and scientific research efforts. The company’s subsidiary, First International Commercial Factoring (Shenzhen) Co., LTD, is engaged in commercial factoring for companies in and related to its supply chain. For more information, please visit: https://tanhtech.com.

Forward-looking statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements regarding sales, plans, objectives, strategies, future events or performance and underlying assumptions and other statements that are not historical facts. These statements are subject to uncertainties and risks, including, but not limited to, demand for and acceptance of products and services, technological changes, economic conditions, effects of competition and pricing, government regulations and other risks included in the Company’s reports filed with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the Company, are expressly qualified by this cautionary statement and any other cautionary statements that may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date of this release.

For further information please contact:

Tantech Holdings Ltd
Investor information
Phone: +86 (578) 226-2305
[email protected]

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