Tantech Holdings Gets Nasdaq Listing Extension
Ticker: TANH · Form: 6-K · Filed: Aug 28, 2024 · CIK: 1588084
| Field | Detail |
|---|---|
| Company | Tantech Holdings Ltd (TANH) |
| Form Type | 6-K |
| Filed Date | Aug 28, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $1.00 |
| Sentiment | neutral |
Sentiment: neutral
Topics: listing-compliance, extension, nasdaq
TL;DR
Nasdaq gives Tantech Holdings until Feb 24, 2025, to get its stock price back above $1.
AI Summary
Tantech Holdings Ltd received an extension from The Nasdaq Stock Market LLC on August 27, 2024, to regain compliance with the minimum $1.00 per share bid price requirement for continued listing on The Nasdaq Capital Market. The company now has until February 24, 2025, to meet this standard.
Why It Matters
This extension provides Tantech Holdings with more time to address its stock price issues, potentially avoiding delisting and maintaining investor confidence.
Risk Assessment
Risk Level: medium — The company is still non-compliant with Nasdaq's minimum bid price, and failure to comply by the new deadline could lead to delisting.
Key Numbers
- $1.00 — Minimum Bid Price (The threshold Tantech Holdings must maintain for continued listing on Nasdaq Capital Market.)
- 180 — Extension Days (Additional calendar days granted by Nasdaq for Tantech to regain compliance.)
- February 24, 2025 — New Compliance Deadline (The final date Tantech Holdings has to meet the minimum bid price requirement.)
Key Players & Entities
- Tantech Holdings Ltd (company) — The company receiving the extension
- The Nasdaq Stock Market LLC (company) — The exchange granting the extension
- $1.00 (dollar_amount) — Minimum bid price requirement
- February 24, 2025 (date) — New deadline for compliance
- August 27, 2024 (date) — Date the extension was granted
FAQ
What is the specific rule Tantech Holdings is trying to comply with?
Tantech Holdings is trying to comply with Nasdaq Marketplace Rule 5550(a)(2), which requires a minimum bid price of $1.00 per share for continued listing on The Nasdaq Capital Market.
What was the original deadline for Tantech Holdings to regain compliance?
The filing does not explicitly state the original deadline, but it indicates that an additional 180 calendar days have been granted, pushing the new deadline to February 24, 2025.
What is the consequence of not meeting the minimum bid price by February 24, 2025?
Failure to regain compliance by February 24, 2025, could result in Tantech Holdings being delisted from The Nasdaq Capital Market.
What type of filing is this?
This is a Form 6-K, which is a Report of Foreign Private Issuer pursuant to Rule 13a-16 or 15d-16 Under the Securities Exchange Act of 1934.
Where is Tantech Holdings Ltd based?
Tantech Holdings Ltd is based in Lishui City, Zhejiang Province, China, with its principal executive offices located at No. 10 Cen Shan Road, Shuige Industrial Zone.
Filing Stats: 506 words · 2 min read · ~2 pages · Grade level 12.3 · Accepted 2024-08-28 17:05:07
Key Financial Figures
- $1.00 — 24, 2025, to regain compliance with the $1.00 per share minimum required for continue
Filing Documents
- tanh_6k.htm (6-K) — 13KB
- tanh_ex991.htm (EX-99.1) — 6KB
- 0001477932-24-005353.txt ( ) — 20KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. TANTECH HOLDINGS LTD Date: August 28, 2024 By: /s/ Wangfeng Yan Name: Wangfeng Yan Title: Chief Executive Officer 4