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Why Are Tantech Holdings Shares Plunging Today

Tantech Holdings Ltd (NASDAQ:TANH) said it intends to offer its securities in a public offering. The company plans to use…
byShivani Kumaresan
March 16, 2022
1 minute read
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  • Tantech Holdings Ltd (NASDAQ:TANH) said it intends to offer its securities in a public offering.
  • The company plans to use the net proceeds from the offering for general corporate purposes, including working capital and other business opportunities.
  • Tantech did not disclose the actual size or terms of the offering.
  • The company regained compliance with NASDAQ’s minimum bid price requirement on March 14, 2022.
  • Price Action: TANH shares are trading lower by 57.7% at $0.68 in premarket on the last check Wednesday.
 
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