Aegis Capital Corp. acted as Sole Bookrunner on a $13.7 Million Public Offering of Common Stock for Tantech Holdings Ltd (NASDAQ: TANH)

Rhea-AI Summary

Tantech Holdings Ltd has successfully completed a $13.7 million public offering of common stock. This move aims to enhance its financial position and fund operations, particularly following its acquisition of a 70% stake in Shangchi Automobile, expanding into electric vehicle production and sales. With certifications like ISO 9000 and ISO 14000, Tantech demonstrates commitment to quality and environmental standards. The company also operates a factoring subsidiary to support its supply chain. This capital raise may bolster growth and innovation strategies moving forward.

Positive

• Successful completion of a $13.7 million public offering to support operations and growth.
• Expansion into electric vehicle production with established subsidiaries.
• ISO 9000 and ISO 14000 certifications showcasing commitment to quality and sustainability.

Negative

• None.

NEW YORK, NY / ACCESSWIRE / December 6, 2021 /

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 Corp.

View source version on accesswire.com:
https://www.accesswire.com/676203/Aegis-Capital-Corp-acted-as-Sole-Bookrunner-on-a-137-Million-Public-Offering-of-Common-Stock-for-Tantech-Holdings-Ltd-NASDAQ-TANH

FAQ

What was the amount raised in Tantech's recent public offering?

Tantech raised $13.7 million in its recent public offering of common stock.

What is the purpose of Tantech's public offering?

The public offering aims to enhance Tantech's financial position and fund its operations.

Which company acted as the bookrunner for Tantech's offering?

Aegis Capital Corporation acted as the sole bookrunner for Tantech's public offering.

What industries is Tantech involved in?

Tantech is involved in producing bamboo charcoal-based products and electric vehicles.

What certifications does Tantech hold?

Tantech is ISO 9000 and ISO 14000 certified, reflecting its commitment to quality and environmental standards.