Business Context and Reporting Period
This Form 6-K filing by Tantech Holdings Ltd covers the period from October 28, 2025, to March 17, 2026, with the report dated March 23, 2026. The filing details a series of debt-to-equity exchange transactions between the Company and Streeterville Capital, LLC.
Key Financial Metrics
The filing does not provide standard financial statements, revenue, profit, cash flow, or liquidity metrics. The primary financial activity reported is the conversion of debt principal into equity:
- Total Debt Converted: $389,000.00 (partitioned from an original $2,160,000.00 promissory note issued on August 1, 2024).
- Total Shares Issued: 456,836 Class A common shares.
- Transaction Structure: Six separate exchange agreements executed between October 2025 and March 2026.
Material Changes
The material change reported is the reduction of outstanding debt and the corresponding increase in outstanding Class A common shares through the following specific exchanges:
- October 28, 2025: $97,000 debt for 77,229 shares.
- November 10, 2025: $70,000 debt for 76,754 shares.
- November 25, 2025: $62,000 debt for 76,317 shares.
- January 20, 2026: $60,000 debt for 76,355 shares.
- February 3, 2026: $50,000 debt for 76,663 shares.
- March 17, 2026: $50,000 debt for 73,518 shares.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, or outlook for future periods. The transactions were executed pursuant to the exemption from registration requirements under Section 3(a)(9) of the Securities Act of 1933. The filing references the attached Exchange Agreement (Exhibit 10.1) for full material terms.
Investor Verification Checklist
- Verify the remaining principal balance of the original August 2024 Note after the $389,000 conversion.
- Confirm the total number of outstanding Class A common shares post-issuance to assess dilution impact.
- Review the full text of the Exchange Agreement (Exhibit 10.1) for any covenants or conditions attached to the new shares.
- Check subsequent filings for any further debt conversions or liquidity updates, as this filing does not contain cash flow data.