- Tantech Holdings Ltd TANH has closed an underwritten public offering of 20 million common shares and pre-funded warrants to purchase common shares.
- The company expects gross proceeds of about $10 million, before deducting underwriting discounts and commissions.
- The pre-funded warrants are offered at the same $0.50 price per share as the common shares.
- Tantech will use the proceeds from the offering for general corporate purposes.
- Aegis Capital Corp acted as Sole Bookrunner for the offering.
- Price Action: TANH shares are trading higher by 6.43% at $0.54 on the last check Friday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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