Tantech Holdings Issues $3.23 Million Promissory Note to Streeterville Capital
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Tantech Holdings Ltd. has issued a $3.23 million promissory note to Streeterville Capital, LLC, with gross proceeds of $3 million. The funds will be used for working capital and general business purposes. The note allows for a 25% increase under certain conditions and stipulates that in case of default, the balance becomes due immediately with interest accruing at a maximum of 15% per annum. The maturity date and full prospectus URL were not provided.
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