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Benzinga

Shivani Kumaresan

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 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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