Tantech Holdings announces 1-for-24 common share consolidation

Tantech Holdings announced that the company’s Board approved, on October 28, to effect a share consolidation of the company’s common shares at the ratio of one-for-24 with the marketplace effective date of November 9. The objective of the share consolidation is to enable the company to regain compliance with NASDAQ Marketplace Rule 5550(a)(2) and maintain its listing on Nasdaq. Beginning with the opening of trading on November 9, the company’s common shares will trade on the NASDAQ Capital Market on a split-adjusted basis, under the same symbol "TANH" but under a new CUSIP Number, G8675X149.