Tantech Holdings Ltd (TANH)

[Phill-lecup]

http://ih.advfn.com/stock-market/NASDAQ/tantech-TANH/stock-news/83753652/prospectus-filed-pursuant-to-rule-424b5-424b5

As of the date of this prospectus supplement, the aggregate market value of our outstanding voting and non-voting common equity held by non-affiliates was $62,036,333.37 based on 28,888,834 outstanding Common Shares, of which 17,089,899 Common Shares were held by non-affiliates, and using the highest last reported sale price of our Common Shares during the past 60 days, which was $3.63 per share on November 16, 2020. Pursuant to General Instruction I.B.5 of Form F-3, in no event will we sell securities in a public primary offering with a value exceeding one-third of our public float in any 12-month period so long as our public float remains below $75,000,000. During the previous 12 calendar months prior to and including the date of this prospectus supplement, we have not offered any of our securities pursuant to General Instruction I.B.5 of Form F-3.

actually while I was putting this together i read and re-read the line; they cannot have a public offering ABOVE 1/3 any 12 month period....

it does not say they cannot have a public offering for below 1/3 any 12 month period value.

however the public float value of $75,000,000 equates to a share price of $4.4~