Tantech Raises $10M Via Equity Offering

by Shivani Kumaresan, Benzinga Staff Writer

March 18, 2022 11:41 AM | 1 min read | Make a Comment

Tantech Holdings Ltd TANH has closed an underwritten public offering of 20 million common shares and pre-funded warrants to purchase common shares.
The company expects gross proceeds of about $10 million, before deducting underwriting discounts and commissions.
The pre-funded warrants are offered at the same $0.50 price per share as the common shares.
Tantech will use the proceeds from the offering for general corporate purposes.
Aegis Capital Corp acted as Sole Bookrunner for the offering.
Price Action: TANH shares are trading higher by 6.43% at $0.54 on the last check Friday.

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