Business Context and Reporting Period
This Form 6-K filing by Tantech Holdings Ltd (TANH) covers the month of May 2022. The report addresses a regulatory compliance issue regarding the company's listing status on The Nasdaq Capital Market.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This document is a regulatory notice and does not contain financial statements or performance data.
Material Changes
The primary material change is the receipt of a letter from Nasdaq on May 18, 2022, stating that the Company is no longer in compliance with Listing Rule 5250(c)(1) due to the failure to file its Form 20-F for the fiscal year ended December 31, 2021.
Guidance, Outlook, and Risks
- Compliance Timeline: The Company has 60 calendar days to submit a plan to regain compliance. The deadline to email this plan to Nasdaq is July 18, 2022.
- Extension Possibility: If Nasdaq accepts the plan, the Company may receive an exception of up to 180 calendar days from the original due date, extending the deadline to November 14, 2022.
- Appeal Rights: If the plan is not accepted, the Company retains the right to appeal the decision to a Hearings Panel.
- Trading Status: The letter has no immediate effect on the listing; common shares will continue to trade under the symbol "TANH."
Key Facts for Investor Verification
- Verify the status of the Form 20-F for the year ended December 31, 2021, and whether it has been filed since May 19, 2022.
- Monitor the submission of the compliance plan to Nasdaq by the July 18, 2022 deadline.
- Confirm whether Nasdaq has accepted the compliance plan or if an appeal to a Hearings Panel is necessary.
- Check for any subsequent announcements regarding potential delisting if the November 14, 2022 deadline is not met.