Welcome to our dedicated page for Tantech Holdings news (Ticker: TANH), a resource for investors and traders seeking the latest updates and insights on Tantech Holdings stock.
Tantech Holdings Ltd. reports company developments tied to bamboo charcoal-based home products, home furnishing and building materials, and related international brand expansion. News commonly covers intellectual property activity for subsidiaries such as Tanhome Group Inc. and Gohomeway Group Inc., including trademark registrations, patent notices, flooring, cabinetry, storage products, and green home product categories.
Company updates also include capital-raising transactions, common share consolidations, Nasdaq listing-compliance matters, and working-capital financing. Tantech's public communications describe a China-based operating company with domestic and international sales channels, U.S. subsidiary activity, and supply-chain-related commercial factoring services.
Tantech Holdings Ltd (NASDAQ: TANH) has successfully closed an underwritten public offering, raising approximately $13.7 million from the sale of 21,120,509 common shares at $0.65 per share. The net proceeds will be utilized for general corporate purposes, including working capital and new business opportunities. Additionally, underwriters have a 45-day option to buy up to 3,168,076 extra shares, potentially increasing total proceeds to $15.7 million. This offering falls under an effective shelf registration statement previously filed with the SEC.
Tantech Holdings Ltd (NASDAQ: TANH) announced an underwritten public offering of 21,120,509 common shares priced at $0.65 per share, aiming to raise approximately $13.7 million before expenses. The funds will be used for general corporate purposes, including working capital. The underwriters have a 45-day option to purchase an additional 3,168,076 shares, potentially increasing gross proceeds to $15.7 million. Closing is anticipated on December 6, 2021.
Tantech Holdings Ltd (NASDAQ: TANH) has announced its intention to conduct an underwritten public offering of common shares. The proceeds from this offering will be utilized for general corporate purposes, including working capital and other business opportunities. The offering is subject to market conditions, and no assurance can be given regarding its completion date or terms. Aegis Capital Corp. acts as the sole book-running manager. The offering will be conducted under an effective shelf registration statement filed with the SEC.
Tantech Holdings Ltd (NASDAQ: TANH) announced its subsidiary, First International Commercial Factoring, secured a RMB 50 million (approximately US$7.8 million) factoring agreement. This marks the company's initial step in developing its factoring services aimed at enhancing clients' cash flow and revenue stability. The global factoring market is projected to grow significantly, generating opportunities for Tantech. As part of its strategic transition, Tantech fully owns First International after acquiring necessary financial qualifications, thereby positioning itself for growth in the supply chain finance sector.
Tantech Holdings Ltd (NASDAQ: TANH) has announced that its subsidiary, Shangchi Automobile Co., Ltd., secured a new order for 15 customizable midibuses, with 10 already delivered to the Philippines. These diesel light midibuses feature a luxurious experience, accommodating 15 passengers and designed for efficiency, including a state-of-the-art air purification system. CEO Wangfeng Yan highlights growth in 2022, supported by investments in R&D, marketing, and supply chain management. The company aims to leverage production capabilities through larger multi-vehicle orders.
Tantech Holdings Ltd (NASDAQ: TANH) reported its unaudited financial results for the six months ending June 30, 2021. Revenues decreased by 9.9% to $20.6 million, primarily due to reduced consumer product sales. However, gross profit increased by 29.3% to $4.0 million, with a gross margin improvement from 13.4% to 19.3%. Operating expenses surged by 666% to $9.7 million, driven mainly by R&D expenditures in the electric vehicle segment. The company reported a net loss of $6.6 million and held $40.7 million in cash, positioning itself for future growth in the specialty vehicle market.
Tantech Holdings Ltd (NASDAQ: TANH) announced an order for 15 midibuses from its subsidiary, Shangchi Automobile Co., Ltd., emphasizing growing demand for its efficient vehicles in China.
The midibuses feature a manual 5-speed transmission, luxurious seating for 15 passengers, and advanced amenities including USB charging, air conditioning, and a purification system. CEO Wangfeng Yan noted a rise in demand for their customizable models, highlighting the company's competitive edge in meeting customer needs.
Tantech Holdings Ltd (NASDAQ: TANH) announced a significant new order through its subsidiary, Shangchi Automobile Co., Ltd., for 50 midibuses to be delivered in Egypt. These midibuses, featuring a manual 5-speed transmission, accommodate up to 15 passengers, and include amenities like USB charging ports and advanced air purification systems. According to CEO Mr. Wangfeng Yan, this order signifies the company's entry into an accelerated growth phase, demonstrating resilience amidst prevailing supply constraints in the industry. The company is well-prepared to meet rising demand due to strategic supply chain relationships.
Tantech Holdings Ltd (NASDAQ: TANH) announced it received a notification from Nasdaq regarding non-compliance with the minimum bid price requirement, as its shares traded below $1.00 for 30 consecutive business days. The Company has until February 28, 2022, to regain compliance. If the share price exceeds $1.00 for 10 consecutive days within this period, Nasdaq will confirm compliance. If not, an additional 180-day grace period may be available. The notification does not affect the current trading status of TANH shares.
Tantech Holdings Ltd (NASDAQ: TANH) announced on July 15, 2021, that its subsidiary, Lishui Smart New Energy Automobile Co., Ltd., has started accepting orders for two new innovative street sweeper models: the SC-120A (driverless) and the SC-120B (manned/unmanned). Both models feature advanced technology including AI controls and lidar-based vision. Designed for efficiency, they can operate for up to 10 hours and come with a one-year warranty. CEO Wangfeng Yan expressed confidence in gaining market share with these products designed for superior performance and lower maintenance costs.