Tantech Holdings Ltd faces NASDAQ non-compliance notice

Tantech Holdings Ltd, a company listed on the NASDAQ stock exchange under the ticker symbol TANH, recently found itself in a situation where it received a notice of non-compliance from Nasdaq Stock Market LLC. This notice was issued due to a delay in filing the company's annual report for the year 2023. It's important to note that this non-compliance does not currently impact the trading of Tantech's shares on Nasdaq. The company now has a 60-day window to submit a plan to regain compliance, with a potential extension of up to 180 days.

Tantech Holdings Ltd specializes in bamboo charcoal-based products and has a strong presence in both domestic and international markets. In 2017, the company acquired a majority stake in Shangchi Automobile, leading to its expansion into the manufacturing and sale of vehicles. Additionally, in 2020, Tantech established two new subsidiaries dedicated to the production and sale of electric vehicles. The company is known for its ISO certifications and has received numerous awards for its innovative products and research. One of its subsidiaries, First International Commercial Factoring, offers commercial factoring services to businesses within its supply chain.

Despite the current non-compliance issue, Tantech Holdings Ltd continues to operate and serve its customers. For more information about the company and its operations, interested individuals can visit Tantech's official website. It's important to keep in mind that the information provided in this news release contains forward-looking statements that are subject to uncertainties and risks such as product demand, technological advancements, economic conditions, competition, and regulatory changes. Tantech Holdings Ltd emphasizes that it is not under any obligation to update these statements. For further details, individuals can reach out to Tantech Holdings Ltd Investor Relations.