Tantech Holdings Ltd. (NASDAQ: TANH) entered into an at-the-market sales agreement with Joseph Stone Capital LLC to sell up to $2.15 million of its Class A common shares.

Under the agreement, Joseph Stone Capital will act as sales agent for the offering, which allows Tantech to sell shares from time to time at prevailing market prices. The sales will be conducted using methods permitted under Rule 415 of the Securities Act of 1933.

The sales agent will execute transactions using commercially reasonable efforts consistent with normal trading practices on terms agreed upon between both parties. No escrow, trust or similar arrangement will be used for receiving funds from the sales.