Business Context and Reporting Period
This Form 6-K filing by Tantech Holdings Ltd covers the month of September 2017. The registrant is a foreign private issuer reporting pursuant to Rule 13a-16 under the Securities Exchange Act of 1934.
Key Financial Metrics
The filing does not provide specific financial statements, revenue, profit, cash flow, margins, debt, or liquidity metrics. The document focuses exclusively on a corporate action regarding a financing agreement.
Material Changes
On September 27, 2017, Tantech Holdings Ltd and ARC Capital Ltd mutually agreed to terminate a Convertible Note Agreement originally entered into on February 9, 2017. The agreement was for a potential loan of $2,000,000. The filing confirms that no funds were advanced under this agreement and no amounts were due at the time of termination.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, or discussion of risks and contingencies beyond the termination of the specific convertible note agreement.
Investor Verification Points
- Confirm that the $2,000,000 convertible note with ARC Capital Ltd was fully terminated with no financial obligation remaining.
- Verify that no funds were ever drawn under the February 2017 agreement.
- Check subsequent filings for any new financing arrangements replacing the terminated note.