Tantech Regains Compliance with Nasdaq

Rhea-AI Summary

Tantech Holdings Ltd (NASDAQ: TANH) announced on July 21, 2022, that it has regained compliance with Nasdaq's periodic filing requirements under Rule 5250(c)(1). Nasdaq confirmed that this matter is now resolved. Tantech, based in Lishui, China, specializes in bamboo charcoal-based products and has a subsidiary focused on electric vehicles. The company is ISO certified and actively expanding its operations, including a biodegradable packaging venture in the U.S. For further details, visit their website.

Positive

• Regained compliance with Nasdaq's periodic filing requirements.
• Continued expansion into the electric vehicle and biodegradable packaging markets.

Negative

• None.

LISHUI, China, July 21, 2022 /PRNewswire/ -- Tantech Holdings Ltd (NASDAQ: TANH) ("Tantech" or the "Company"), a clean energy company, today announced it received notification from The Nasdaq Stock Market LLC ("Nasdaq") confirming the Company has regained compliance with the periodic filing requirement for Nasdaq under Listing Rule 5250(c)(1). 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. In May 2022, the Company established a wholly-owned subsidiary, EPakia Inc. Based in the Mid-Atlantic region of the United States, EPakia plans to develop biodegradable packaging business in the United States and other international markets. 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, except as expressly required by applicable law.

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SOURCE Tantech Holdings Ltd.

FAQ

What recent announcement did Tantech Holdings Ltd make regarding Nasdaq compliance?

Tantech Holdings Ltd announced on July 21, 2022, that it has regained compliance with Nasdaq's periodic filing requirements.

What is the stock symbol for Tantech Holdings Ltd?

The stock symbol for Tantech Holdings Ltd is TANH.

What does Tantech Holdings Ltd specialize in?

Tantech Holdings Ltd specializes in bamboo charcoal-based products and electric vehicles.

When did Tantech establish its biodegradable packaging subsidiary?

Tantech established its biodegradable packaging subsidiary, EPakia Inc., in May 2022.