Tantech Holdings Regains Compliance with NASDAQ Minimum Bid Price Requirement

Rhea-AI Summary

Tantech Holdings (NASDAQ: TANH) has successfully regained compliance with NASDAQ's minimum bid price requirement under Listing Rule 5550(a)(2), as confirmed by NASDAQ on February 28, 2025. The notification indicates that the compliance matter has been resolved and is now closed.

Positive

• Regained NASDAQ listing compliance, eliminating delisting risk

Negative

• None.

LISHUI, China, March 3, 2025 /PRNewswire/ -- Tantech Holdings Ltd (NASDAQ: TANH) ("Tantech" or the "Company") announced today that on February 28, 2025, 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: https://tanhtech.com/.

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 was the NASDAQ compliance notice received by Tantech Holdings (TANH) on February 28, 2025?

Tantech Holdings received confirmation from NASDAQ that it regained compliance with the minimum bid price requirement under Listing Rule 5550(a)(2).

Has TANH resolved its NASDAQ listing compliance issues as of March 2025?

Yes, NASDAQ confirmed on February 28, 2025, that Tantech Holdings has regained compliance with the minimum bid price requirement and the matter is closed.

What NASDAQ listing rule did Tantech Holdings (TANH) comply with in February 2025?

Tantech Holdings complied with NASDAQ Listing Rule 5550(a)(2), which pertains to the minimum bid price requirement.

When did Tantech Holdings (TANH) receive the NASDAQ compliance confirmation?

Tantech Holdings received the NASDAQ compliance confirmation on February 28, 2025.