碳博士控股美股招股说明书(2023-06-30版)

424B51tanh_424b5.htm424B5 FiledpursuanttoRule424(b)(5)RegistrationNo.333-248197 PROSPECTUSSUPPLEMENT (ToProspectusdatedAugust31,2020) TantechHoldingsLtd $1,800,000PrincipalAmountofUnsecuredConvertiblePromissoryNote Weareoffering$1,800,000aggregateprincipalamountofanunsecuredconvertiblepromissorynoteintheoriginalprincipalamountof$2,160,000(the“Note”),convertibleintocommonshares,parvalue0.24each(the“CommonShares”),oftheCompany.WearealsoofferingbythisprospectussupplementourCommonSharesissuablefromtimetotimeuponconversionof$1,800,000aggregateprincipalamountoftheNote. OnJune29,2023,weenteredintoasecuritiespurchaseagreement(the“PurchaseAgreement”)withStreetervilleCapital,LLC,aUtahlimitedliabilitycompany(the“Investor”),pursuanttowhichtheCompanyissuedtotheInvestortheNoteonJune29,2023.TheNotebearsinterestatarateof7%perannum.AlloutstandingprincipalandaccruedinterestontheNotewillbecomedueandpayabletwelve(12)monthsafterthepurchasepriceoftheNoteisdeliveredbytheInvestortotheCompany(the“PurchasePriceDate”).ForamoredetaileddescriptionoftheNote,seethesectionentitled“DescriptionofOurSecuritiesWeAreOffering”beginningonpageS-53. OurCommonSharesarecurrentlytradedonNasdaqunderthesymbol“TANH”.OnJune29,2023,thelastreportedsalepriceoftheCommonSharesonNasdaqwas$2.67percommonshare.ThereisnoestablishedtradingmarketfortheNoteandwedonotintendtolisttheNoteonanysecuritiesexchangeorarrangeforquotationonanyautomateddealerquotationsystem. AsofJune29,2023,theaggregatemarketvalueofouroutstandingvotingandnon-votingcommonequityheldbynon-affiliateswasapproximately$14,706,064.80,basedon3,457,906CommonSharesoutstanding,3,412,080ofwhichareheldbynon-affiliates,andusingthehighestlastreportedsalepriceofourCommonSharesduringthepast60days,whichwas$4.31pershareonMay1,2023.PursuanttoGeneralInstructionI.B.5ofFormF-3,innoeventwillwesellsecuritiesinapublicprimaryofferingwithavalueexceedingone-thirdofourpublicfloatinany12-monthperiodsolongasourpublicfloatremainsbelow$75,000,000.Duringtheprevious12calendarmonthspriortoandincludingthedateofthisprospectussupplement,wehaveofferedatotalof1,240,000CommonSharesforanaggregatepriceof $3,100,000.00pursuanttoGeneralInstructionI.B.5ofFormF-3. WearenotaChineseoperatingcompanybutaBritishVirginIslandsholdingcompanywithoperationsconductedbyoursubsidiariesestablishedinPeople’sRepublicofChina(“PRC”or“China”),HongKongSpecialAdministrativeRegionofthePeople’sRepublicofChina(“HKSAR”or“HongKong”)andBritishVirginIslands.Therefore,investinginoursecuritiesbeingofferedpursuanttothisprospectusinvolvesuniqueandahighdegreeofrisk.YoushouldcarefullyreadandconsidertheriskfactorsbeginningonpageS-23ofthisprospectussupplement,onpage7oftheaccompanyingbaseprospectus,andtheriskfactorsdescribedinthedocumentsincorporatedbyreferenceintothisprospectussupplementandtheaccompanyingbaseprospectusformoreinformationbeforeyoumakeyourinvestmentdecision. Thesecuritiesofferedinthisofferingareoftheoff-shoreholdingcompanyTantechHoldingsLtd(the“Company”),whichownsequityinterests,directlyorindirectly,oftheoperatingsubsidiaries.Subsidiaries conductoperationsinChinaandtheholdingcompanydoesnotconductoperationsinChina.Unlessotherwisestated,asusedinthisprospectusandinthecontextofdescribingouroperationsandconsolidatedfinancialinformation,“Tantech”“we,”“us,”“Company,”or“our,”referstoTantechHoldingsLtd,aBritishVirginIslandsholdingcompany.“PRCSubsidiaries”refertooursubsidiariesincorporatedinmainlandChina,and“HongKongSubsidiaries”refertooursubsidiariesincorporatedinHongKong.Wewillalsorefertoallofoursubsidiaries,“Subsidiaries”. Wearealsosubjecttolegalandoperationalrisksassociatedwithbeingbasedinandhavingthemajorityofthecompany’soperationsinPRC.TheChinesegovernmentmayinterveneorinfluencetheoperationofourPRCoperatingentitiesandexercisesignificantoversightanddiscretionovertheconductoftheirbusinessandmayinterveneinorinfluencetheiroperationsatanytime,ormayexertmorecontroloverofferingsconductedoverseasand/orforeigninvestmentinChina-basedissuers,whichcouldresultinamaterialchangeinouroperationsand/orthevalueofourCommonShares.Further,anyactionsbytheChinesegovernmenttoexertmoreoversightandcontroloverofferingsthatareconductedoverseasand/orforeigninvestmentinChina-basedissuerscouldsignificantlylimitorcompletelyhinderourabilitytoofferorcontinuetooffersecuritiestoinvestorsandcausethevalueofsuchsecuritiestosignificantlydeclineorbeworthless. Recently,thePRCgovernmentinitiatedaseriesofregulatoryactionsandstatementstoregulatebusinessoperationsinChinawithlittleadvancenotice,includingcrackingdownonillegalactivitiesinthesecuritiesmarket,adoptingnewmeasurestoextendthescopeofcybersecurityreviews,andexpandingtheeffortsinanti-monopolyenforcement. OnJuly6,2021,theGeneralOfficeoftheCentralCommitteeoftheCommunistPartyofChinaandtheGeneralOfficeoftheStateCounciljointlyreleasedtheOpinionsonSeverelyCrackingDownonIllegalSecuritiesActivitiesAccordingtoLaw,ortheOpinions.TheOpinionsemphasizedtheneedtostrengthentheadministrationoverillegalsecuritiesactivities,andtheneedtostrengthenthesupervisionoveroverseaslisti