Tantech Holdings Ltd, a high-tech enterprise based in Lishui, China, recently announced that it has received an extension from NASDAQ for compliance with the minimal bid value requirement. The company has been granted an additional 180 calendar days to regain compliance, with the deadline now set for February 24, 2025.
In order to meet the NASDAQ’s minimal bid value requirement, the maximum bid price of Tantech’s ordinary stocks must be at least $1.00 per share or higher for a minimum of ten consecutive trading days by February 24, 2025. This extension provides the company with more time to work towards achieving this goal and maintaining its listing on the NASDAQ stock exchange.
Tantech Holdings Ltd is a specialized enterprise that produces, researches, and develops bamboo charcoal-based products with a global sales and distribution network. The company has also ventured into the automotive industry, acquiring a majority stake in Shangchi Car in Zhangjiagang City, Jiangsu Province. Additionally, Tantech has established subsidiaries for the manufacturing and sale of street sweepers and other electric vehicles.
With a focus on quality and innovation, Tantech has received numerous certifications and awards for its products and research efforts. The company’s commitment to excellence is evident in its ISO 90000 and ISO 14000 certifications, as well as its dedication to sustainable and environmentally-friendly practices.
As with any forward-looking statements, there are uncertainties and risks associated with Tantech’s plans and strategies. Factors such as product demand, competition, economic conditions, and government regulations can all impact the company’s performance. Tantech remains committed to providing updates and information to investors, while also emphasizing the importance of caution when considering forward-looking statements.
For more information about Tantech Holdings Ltd and its compliance with NASDAQ’s minimal bid value requirement, investors are encouraged to contact the company’s Investor Relations department. Tantech remains focused on its goals and objectives, working towards sustainable growth and success in the global marketplace.
Overall, the extension granted by NASDAQ provides Tantech Holdings Ltd with the opportunity to continue its operations and strive towards compliance with the stock exchange’s requirements. With a strong commitment to innovation and excellence, Tantech is well-positioned to overcome challenges and achieve long-term success in the industry.