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One ticker. The financing picture.

A historical TANH example. Explore the terms and calculations below; open the ticker for the available report.

dilutracker.com/ticker/tanhExample snapshot
TANHTantech Holdings Ltd.
NASDAQ · Class A common shares · China
Sample report · not live data

Tantech reported approximately 667.6K Class A shares after its September reverse split. Series E and F warrants create potential dilution; their current unexercised balances are unknown.

Dilution riskHigh
8 / 10
Float667.6KLegal estimate · effective float unknown
Inst. Ownership4%Example report figure

Instruments

Selected instruments identified from SEC filings

Joseph Stone ATM

Dated terms
ATM
Original maximum
$2.15M
Remaining capacity
Unverified
Commission
4.5%

The underlying 2023 shelf has passed its three-year anniversary; usable capacity is unverified. SEC filing ↗

March 2026 Series E warrants

Dated terms
Warrant
Dated reference shares
~430K
Exercise price
$15.00
Balance date
Jun 1, 2026

Split-adjusted reference. Current balance unknown; cashless exercise is permitted. SEC filing ↗

March 2026 Series F warrants

Dated terms
Warrant
Dated reference shares
~430K
Exercise price
$17.50
Balance date
Jun 1, 2026

Split-adjusted reference. Current balance unknown; cashless exercise is permitted. SEC filing ↗

Primary F-3 shelf

Dated terms
Shelf
Nominal shelf
$100M
Remaining capacity
Unknown
Effective
Sep 11, 2023

Registration capacity is not cash. Current usable capacity is unverified. SEC filing ↗

April 2024 Series A warrants

Dated terms
Warrant
Dated reference shares
179,476
Reference exercise
$14.81
Balance date
Apr 3, 2026

Split-adjusted reference; later resets and exercises can change the balance and terms. SEC filing ↗

October 2025 Series C & D

Dated terms
Warrant
Reference shares
216,868 each
Exercise prices
$83 / $91.50
Balance date
Dec 31, 2025

Split-adjusted dated balances. Current balances and cashless outcomes remain unknown. SEC filing ↗

Share count reconciliation

September 2026 reverse split
Reported pre-split Class A shares
33,382,332
Reverse split
1-for-50
Approximate post-split Class A
667,647
Class B, shown separately
1,142

Issuer-rounded Class A estimate, not an exact transfer-agent balance. Unexercised warrants are excluded.

Cash & runway

Audited FY 2025 inputs
Unrestricted cash
$33.0M
Operating cash use
$5.82M / year
Average monthly cash use
$484.7K
Historical runway
68.1 months

Historical calculation as of Dec 31, 2025, not a current liquidity estimate.

SEC filings & sources

Historical sample, not live data. Figures are dated; balances and terms may have changed.

Historical sample, not a current assessment of TANH.Open TANH report

Go beyond a risk score

Get the details that shape your thesis.

01

Where could new shares come from?

Review warrants, convertible debt, ATMs, equity lines, and shelves. See the amounts, exercise or conversion prices, and financing terms reported for each instrument.

In the sample

Series E and F warrant cards put dated share counts, exercise prices, and cashless exercise terms together.

02

How much room is there to raise cash?

Inspect registered offering capacity alongside cash and cash use. Separate a company's ability to issue shares from its need for financing.

In the sample

The shelf and ATM show their original amounts while flagging remaining capacity as unverified.

03

What sits behind the headline numbers?

Inspect share count reconciliation and runway calculations. Check measurement dates, split adjustments, and assumptions before using a figure in your research.

In the sample

The share count reconciles a 1-for-50 reverse split. Runway uses dated financial statements, with the historical inputs shown.

Check the evidence

Read the filing behind the figure.

Use linked SEC documents to check the terms, dates, and conditions that matter to your setup. Report review dates and individual measurement dates help you judge what the research covers.

See how the research fits your workflow →

Source documents

Follow instrument references to the underlying SEC filings.

Dates and assumptions

Distinguish a report update from the date a cash balance or share count was measured.

Unknowns stay visible

Missing balances and unverified capacity deserve a closer read. A risk rating summarizes exposure; it does not predict a price move.

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