TANTECH HOLDINGS LTD (TANH) AI Dilution Summary

Cash was $33,019,289 at 2025-12-31, against estimated monthly burn of $484,667. On 2026-04-02 the company raised $1,950,000 net ($2,150,000 gross) in a registered direct offering, with Series E and Series F warrants sold in a concurrent Regulation S private placement. The primary price-linked driver is the Series A Warrants (April 2024 PIPE): 179,476 shares at a $14.81 exercise price.