Tantech Holdings Ltd Receives NASDAQ Minimum Bid Price Requirement Extension
Tantech Holdings (NASDAQ: TANH) has received an extension from NASDAQ to meet the minimum bid price requirement. The company now has until February 24, 2025, to regain compliance. To achieve this, Tantech's common shares must close at $1.00 or higher for at least ten consecutive business days. This extension provides Tantech with additional time to address its stock price issues and maintain its NASDAQ listing.
Tantech Holdings (NASDAQ: TANH) ha ricevuto un'estensione dalla NASDAQ per soddisfare il requisito del prezzo minimo per l'offerta. La società ha ora tempo fino al 24 febbraio 2025 per ripristinare la conformità. Per raggiungere questo obiettivo, le azioni ordinarie di Tantech devono chiudere a 1,00 $ o più per almeno dieci giorni lavorativi consecutivi. Questa estensione fornisce a Tantech ulteriore tempo per affrontare i problemi relativi al prezzo delle sue azioni e mantenere la sua quotazione NASDAQ.
Tantech Holdings (NASDAQ: TANH) ha recibido una extensión de NASDAQ para cumplir con el requisito de precio mínimo de oferta. La empresa ahora tiene hasta el 24 de febrero de 2025 para recuperar la conformidad. Para lograr esto, las acciones ordinarias de Tantech deben cerrar a $1.00 o más durante al menos diez días hábiles consecutivos. Esta extensión brinda a Tantech tiempo adicional para abordar los problemas de precio de sus acciones y mantener su lista en NASDAQ.
Tantech Holdings (NASDAQ: TANH)는 NASDAQ으로부터 최소 호가 가격 요구 사항을 충족하기 위해 연장을 받았습니다. 회사는 이제 2025년 2월 24일까지 준수를 회복해야 합니다. 이를 달성하기 위해 Tantech의 보통주는 최소 10영업일 연속으로 $1.00 이상으로 마감해야 합니다. 이 연장은 Tantech가 주가 문제를 해결하고 NASDAQ 상장을 유지할 수 있는 추가 시간을 제공합니다.
Tantech Holdings (NASDAQ: TANH) a reçu une extension de la NASDAQ pour répondre à l'exigence de prix de soumission minimale. La société a maintenant jusqu'au 24 février 2025 pour retrouver la conformité. Pour y parvenir, les actions ordinaires de Tantech doivent se clôturer à 1,00 $ ou plus pendant au moins dix jours ouvrables consécutifs. Cette extension offre à Tantech du temps supplémentaire pour résoudre les problèmes de prix de ses actions et maintenir son inscription sur la NASDAQ.
Tantech Holdings (NASDAQ: TANH) hat von NASDAQ eine Verlängerung erhalten, um die Anforderungen an den Mindestgebotspreis zu erfüllen. Das Unternehmen hat nun bis zum 24. Februar 2025 Zeit, um die Konformität wiederherzustellen. Dazu müssen die Stammaktien von Tantech mindestens zehn aufeinanderfolgende Geschäftstage lang bei 1,00 $ oder höher schließen. Diese Verlängerung gibt Tantech zusätzliche Zeit, um die Probleme bezüglich des Aktienkurses anzugehen und seine NASDAQ-Notierung aufrechtzuerhalten.
- Tantech received a 180-day extension from NASDAQ to meet minimum bid price requirement
- Company has until February 24, 2025 to regain compliance
- Tantech's stock price is currently below the $1.00 minimum bid requirement
- Failure to meet the requirement by the new deadline could result in delisting from NASDAQ
Tantech's NASDAQ extension for minimum bid price compliance is a double-edged sword. While it provides a temporary reprieve, it also signals ongoing financial challenges. The company now has until February 24, 2025, to meet the
This extension typically indicates investor skepticism and weak market performance. Tantech may need to consider strategic options like a reverse stock split or significant business improvements to boost investor confidence. The risk of delisting remains, which could severely impact liquidity and access to capital. Investors should closely monitor Tantech's efforts to regain compliance and assess the company's fundamental business prospects.
This NASDAQ extension reflects broader challenges in the Chinese small-cap sector. Tantech, operating in the bamboo-based products industry, faces headwinds from both macro-economic factors and sector-specific issues. The extended compliance period is a common occurrence for many Chinese firms listed on U.S. exchanges, highlighting systemic risks in this market segment.
Investors should consider the geopolitical context and regulatory environment affecting Chinese companies. The extension may provide a window for improvement, but also underscores the need for due diligence. Tantech's ability to meet NASDAQ requirements will depend on its operational performance and the broader market sentiment towards Chinese equities in the coming months.
LISHUI,
About 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
Forward-Looking Statements
This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning the sales, plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulations, and other risks contained in reports filed by the Company 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 which 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 hereof.
For more information, please contact:
Tantech Holdings Ltd
Investor Relations
Tel: +86 (578) 226-2305
ir@tantech.cn
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SOURCE Tantech Holdings Ltd.
FAQ
What is the new deadline for Tantech Holdings (TANH) to meet NASDAQ's minimum bid price requirement?
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How long of an extension did Tantech Holdings (TANH) receive from NASDAQ for the minimum bid price requirement?
