Tantech Holdings Fails Nasdaq Minimum Bid Price Rule
Ticker: TANH · Form: 6-K · Filed: Mar 3, 2025 · CIK: 1588084
| Field | Detail |
|---|---|
| Company | Tantech Holdings Ltd (TANH) |
| Form Type | 6-K |
| Filed Date | Mar 3, 2025 |
| Risk Level | high |
| Sentiment | bearish |
Sentiment: bearish
Topics: delisting-risk, compliance, sec-filing
Related Tickers: TANH
TL;DR
Nasdaq says Tantech's stock price is too low, might get kicked off.
AI Summary
Tantech Holdings Ltd. received a notification from The Nasdaq Stock Market LLC on February 27, 2024, stating that its common shares had a bid price below $1.00 for 30 consecutive business days, failing to meet Nasdaq's minimum bid price requirement.
Why It Matters
This filing indicates Tantech Holdings may face delisting from Nasdaq if it cannot regain compliance with the minimum bid price requirement.
Risk Assessment
Risk Level: high — The company is at high risk of delisting from Nasdaq due to failing to meet the minimum bid price requirement.
Key Numbers
- 30 — Consecutive business days (Duration the bid price was below $1.00)
Key Players & Entities
- Tantech Holdings Ltd. (company) — Registrant
- The Nasdaq Stock Market LLC (company) — Notification issuer
- $1.00 (dollar_amount) — Minimum bid price requirement
FAQ
What specific date did Tantech Holdings receive the Nasdaq notification?
Tantech Holdings received the notification on February 27, 2024.
What was the primary reason for the Nasdaq notification?
The notification was due to the company's common shares having a bid price below $1.00 for 30 consecutive business days.
What is the minimum bid price requirement Tantech Holdings failed to meet?
The minimum bid price requirement is $1.00 per share.
What is the filing form and date?
The filing is a Form 6-K, filed as of March 3, 2025.
What is Tantech Holdings' principal executive office address?
The address is No. 10 Cen Shan Road, Shuige Industrial Zone, Lishui City, Zhejiang Province, People's Republic of China, 323000.
Filing Details
This Form 6-K (Form 6-K) was filed with the SEC on March 3, 2025 regarding TANTECH HOLDINGS LTD (TANH).