Tantech Holdings Regains Compliance with NASDAQ Minimum Bid Price Requirement

Rhea-AI Summary

Tantech Holdings Ltd (NASDAQ: TANH) announced on March 14, 2022, that it has regained compliance with NASDAQ's minimum bid price requirement, as confirmed by NASDAQ. This matter is now officially closed. Tantech specializes in bamboo charcoal-based products and has expanded into automobile manufacturing, currently owning 70% of Shangchi Automobile. The company has also established two subsidiaries for producing electric vehicles and has received multiple certifications and awards for its products.

Positive

• Regained compliance with NASDAQ's minimum bid price requirement.
• Established subsidiaries for electric vehicle production and street sweepers.
• Strong focus on quality with ISO 9000 and ISO 14000 certifications.

Negative

• None.

LISHUI, China, March 15, 2022 /PRNewswire/ -- Tantech Holdings Ltd (NASDAQ: TANH) ("Tantech" or the "Company"), announced today that on March 14, 2022, it received notification from The Nasdaq Stock Market LLC ("NASDAQ") confirming the Company has regained compliance with NASDAQ's minimum bid price requirement under Listing Rule 5550(a)(2).  NASDAQ noted this matter is now closed.

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 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.

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.

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SOURCE Tantech Holdings Ltd.

FAQ

What did Tantech Holdings announce on March 14, 2022?

Tantech Holdings announced that it has regained compliance with NASDAQ's minimum bid price requirement.

What is the stock symbol for Tantech Holdings?

The stock symbol for Tantech Holdings is TANH.

How has Tantech Holdings diversified its business?

Tantech has diversified by acquiring 70% of Shangchi Automobile and establishing subsidiaries for electric vehicles.

What certifications has Tantech Holdings received?

Tantech Holdings is ISO 9000 and ISO 14000 certified.

Where can I find more information about Tantech Holdings?

More information can be found on their official website: http://ir.tantech.cn.