Tantech Announces Closing of US$7 Mn Offering

Tantech Holdings Ltd, a clean energy company in China, announced that it closed a previously announced private placement transaction, raising approximately US$7.0 million in gross proceeds, from the sale of 5,380,000 of the company's common shares to various purchasers, priced at US$1.30 per share. 

The Shares were sold in transactions exempt from registration under the Securities Act of 1933, as amended (the Securities Act), in reliance on Regulation S thereunder.

Each of the Purchasers understands that the Shares have not been registered under the Securities Act. Such Purchaser will not sell or otherwise dispose of the Shares without registration under the Securities Act, and under applicable state securities or "Blue Sky" laws, or pursuant to an exemption therefrom.