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Tantech (TANH -12.5%) board approved to effect a share consolidation of its shares at the ratio of 1-for-10, effective Feb.28. The objective of the share consolidation is to enable the company to regain compliance with Nasdaq Marketplace and maintain its Nasdaq listing. The company shares will trade on split-adjusted basis under the same symbol. The consolidation will reduce the number of shares issued and outstanding from ~63.99M to ~6.4M shares; authorized shares will be reduced by the same from 600M to 60M.