Tantech Given 180-Day Deadline After Shares Dip Below $1.00
Tantech Holdings received a Nasdaq deficiency notice after its Class A common shares closed below $1.00 for 30 consecutive business days. The company has 180 calendar days, until September 22, 2026, to regain compliance or consider a reverse stock split to avoid potential delisting.
1. Nasdaq Deficiency Notice
On March 26, 2026, Tantech Holdings received a Nasdaq notice for non-compliance with the minimum bid price requirement after its Class A common shares closed below $1.00 for 30 consecutive business days under Listing Rule 5550(a)(2). The notification does not affect the current listing status, and trading continues uninterrupted.
2. Compliance Timeline
The company has 180 calendar days, until September 22, 2026, to restore its closing share price to at least $1.00 for ten consecutive business days and regain compliance. If unmet, Tantech may seek an additional 180-day extension by meeting market value and other initial listing standards.
3. Potential Remedies and Risks
Tantech is evaluating a reverse stock split option, which must be completed at least ten business days before the deadline if adopted. Failure to regain compliance or secure an extension could trigger Nasdaq delisting proceedings.
4. Company Overview
Founded in 2002, Tantech specializes in bamboo charcoal-based home products and entered the home building materials sector in 2024. The company expanded into North America beginning in 2022 and holds ISO 9000 and ISO 14000 certifications.