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Tantech shares fall 13.13% after 1-for-50 reverse split announcement

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  • Tantech Holdings approved a 1-for-50 reverse stock split for its Class A common shares.
  • Shares fell 13.13% to $0.30 in after-hours trading after closing at $0.34.
  • The split takes effect Sept. 3, with adjusted trading beginning Sept. 4.
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