Aegis Capital Corp. Acted as Sole Bookrunner on a $10 Million Underwritten Public Offering of Common Shares for Tantech Holdings Ltd. (NASDAQ:TANH)

Rhea-AI Summary

Tantech Holdings Ltd. (NASDAQ:TANH) has successfully completed a $10 million underwritten public offering of common shares, with Aegis Capital Corp. serving as the sole bookrunner. The company, established in high-tech bamboo charcoal products, has expanded into the automotive sector since acquiring a 70% stake in Shangchi Automobile in 2017. Recently, it established subsidiaries for producing electric vehicles and street sweepers, further diversifying its portfolio. Tantech is ISO certified and recognized for its innovations.

Positive

• Raised $10 million through the public offering.
• Diversification into electric vehicles and street sweepers enhances growth potential.
• ISO certifications indicate high quality and compliance standards.

Negative

• Potential dilution of existing shareholder equity due to the public offering.

NEW YORK, NY / ACCESWIRE / March 18, 2022 / Aegis Capital Corp. acted as Sole Bookrunner on a $10 Million Underwritten Public Offering of Common Shares for Tantech Holdings Ltd. (NASDAQ:TANH).

Tantech Holdings Ltd.

For the past decade, Tantech has been a highly specialized high-tech enterprise producing, researching and developing bamboo charcoal-based products with an established domestic and international sales and distribution network. Since 2017, when the Company acquired 70% of Shangchi Automobile, a vehicle manufacturer based in Zhangjiagang City, Jiangsu Province, it has manufactured and sold vehicles. The Company established two new subsidiaries, Lishui Smart New Energy Automobile Co., Ltd. and Zhejiang Shangchi New Energy Automobile Co., Ltd., in November 2020, to produce and sell street sweepers and other electric vehicles. The Company is fully ISO 90000 and ISO 14000 certified and has received a number of national, provincial 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 businesses in and related to its supply chain.

For more information please visit: http://ir.tantech.cn.

About Aegis Capital Corporation

Aegis Capital Corporation ("Aegis") has been in the wealth management and investment banking business since 1984. Aegis is dedicated to providing corporate finance, strategic advisory and related services to public and private companies across multiple sectors and regions. Aegis also provides research and sales and trading services to institutional investors. Aegis offers its investment representatives a conflict free service platform and is able to provide a full-range of products and services including investment banking, wealth management, insurance, retirement planning, structured products, private equity, alternatives, equity research, fixed income and special purpose vehicles.

For more information about this offering or Investment Banking Services please email Banking@aegiscap.com or call (212) 813-1010.

www.aegiscapcorp.com

Brokerage and investment advisory services are offered through Aegis Capital Corporation, a member of FINRA and SIPC. Investment and insurance products offered are not insured by the FDIC or any other federal government agency, are not deposits or other obligations of, or guaranteed by, a bank or any bank affiliate, and are subject to investment risks, including possible loss of the principal amount invested.

SOURCE: Aegis Capital Corporation

View source version on accesswire.com:
https://www.accesswire.com/693688/Aegis-Capital-Corp-Acted-as-Sole-Bookrunner-on-a-10-Million-Underwritten-Public-Offering-of-Common-Shares-for-Tantech-Holdings-Ltd-NASDAQTANH

FAQ

What is the purpose of Tantech Holdings Ltd.'s $10 million public offering?

The public offering aims to raise capital which could be used for expansion and development, particularly in the electric vehicle sector.

Who acted as the bookrunner for Tantech Holdings Ltd.'s $10 million offering?

Aegis Capital Corp. acted as the sole bookrunner for the offering.

What impact could the $10 million offering have on current shareholders of TANH?

Current shareholders may face dilution of their equity as new shares are added to the market.

What business areas does Tantech Holdings operate in?

Tantech operates in bamboo charcoal products and has expanded into electric vehicle manufacturing.

What recognitions has Tantech Holdings Ltd. achieved?

Tantech is fully ISO 90001 and ISO 14001 certified and has received various awards for its products and research.