Tantech Holdings Settles Debt with Streeterville Capital
Ticker: TANH · Form: 6-K · Filed: Sep 10, 2024 · CIK: 1588084
| Field | Detail |
|---|---|
| Company | Tantech Holdings Ltd (TANH) |
| Form Type | 6-K |
| Filed Date | Sep 10, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $1,525,213, $1,225,213.15, $300,000.00, $300,000, $150,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt-settlement, financing, agreement
TL;DR
TANTECH settled debt with Streeterville Capital via a promissory note on Sept 5.
AI Summary
On September 5, 2024, Tantech Holdings Ltd. entered into an exchange agreement with Streeterville Capital, LLC. In this agreement, Tantech Holdings issued a promissory note to Streeterville Capital in exchange for the cancellation of a previous debt.
Why It Matters
This filing indicates Tantech Holdings is addressing its financial obligations by settling a debt, which could impact its balance sheet and future financing options.
Risk Assessment
Risk Level: low — The filing is a routine debt settlement and does not introduce new significant risks.
Key Players & Entities
- Tantech Holdings Ltd. (company) — Registrant
- Streeterville Capital, LLC (company) — Lender
- September 5, 2024 (date) — Date of Agreement
FAQ
What was the specific amount of the debt cancelled?
The filing does not specify the dollar amount of the debt that was cancelled.
What are the terms of the promissory note issued?
The filing does not detail the terms of the promissory note, such as interest rate or maturity date.
What was the nature of the original debt being cancelled?
The filing refers to the cancellation of a 'co' which is an incomplete reference, but implies a prior obligation.
Is Streeterville Capital a new or existing lender to Tantech Holdings?
The filing does not provide information on the history of the relationship between Tantech Holdings and Streeterville Capital.
What is the significance of the 'co' mentioned in the cancellation context?
The 'co' appears to be an incomplete word in the filing, likely referring to a 'consideration' or 'collateral' related to the original debt, but the exact meaning is not fully elaborated.
Filing Stats: 574 words · 2 min read · ~2 pages · Grade level 11.3 · Accepted 2024-09-10 17:00:11
Key Financial Figures
- $1,525,213 — The principal amount of the Note was $1,525,213.15, consisting of the remaining outstan
- $1,225,213.15 — tanding balance of the Original Note of $1,225,213.15 and an exchange fee of $300,000.00. The
- $300,000.00 — of $1,225,213.15 and an exchange fee of $300,000.00. The Note bears interest at a rate of 7
- $300,000 — a maximum monthly redemption amount of $300,000. Upon receipt of a redemption notice, t
- $150,000 — a minimum monthly redemption amount of $150,000, it is required to pay in cash by the f
Filing Documents
- tanh_6k.htm (6-K) — 14KB
- tanh_ex101.htm (EX-10.1) — 28KB
- tanh_ex102.htm (EX-10.2) — 35KB
- 0001477932-24-005646.txt ( ) — 79KB
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 hereunto duly authorized. TANTECH HOLDINGS LTD Date: September 10, 2024 By: /s/ Wangfeng Yan Name: Wangfeng Yan Title: Chief Executive Officer 3