Tantech Announces the Closing of $10 Million Offering
Tantech Holdings Ltd. - Common Shares (TANH)
US:NASDAQ Investor Relations:
tantech.cn/en/investor/annual.asp
Company Research
Source: PR Newswire
LISHUI, China, Nov. 24, 2020 /PRNewswire/ -- Tantech Holdings Ltd (NASDAQ: TANH) ("Tantech" or the "Company"), a clean energy company in China, today announced that it closed a previously announced offering with institutional investors, raising approximately $10 million in gross proceeds, before deducting placement agent fees and other standard offering expenses, from the sale of 6,060,608 of its common shares, priced at $1.65 per share, and registered warrants to purchase up to 2,754,820 common shares in a registered direct offering, and unregistered warrants to purchase up to 3,305,788 common shares in a concurrent private placement. Such registered and unregistered warrants are immediately exercisable, expire five years from the date of issuance and have an exercise price of $1.81 per share. The Company plans to use the net proceeds from the offering for working capital and general business purposes.Univest Securities, LLC acted as the exclusive placement agent for the transaction
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TANH
Sec Filings
- 3/19/24 - Form 6-K
- 2/29/24 - Form 6-K
- TANH's page on the SEC website