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Benzinga
Benzinga
Business
Shivani Kumaresan

Tantech Raises $10M Via Equity Offering

  • Tantech Holdings Ltd (NASDAQ: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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