Advent Technologies Files 8-K on Security Holder Rights
Ticker: ADNH · Form: 8-K · Filed: May 16, 2024 · CIK: 1744494
Sentiment: neutral
Topics: corporate-action, filing, rights
Related Tickers: ADN
TL;DR
Advent Technologies filed an 8-K on May 13th, potentially altering security holder rights. Watch for details.
AI Summary
On May 13, 2024, Advent Technologies Holdings, Inc. filed an 8-K report detailing material modifications to the rights of its security holders and amendments to its articles of incorporation. The filing also includes financial statements and exhibits, with the report being filed as of May 16, 2024. This action indicates potential changes in the company's corporate structure or security holder agreements.
Why It Matters
This filing signals potential changes to Advent Technologies' corporate structure or the rights associated with its securities, which could impact investors and their holdings.
Risk Assessment
Risk Level: medium — Filings related to modifications of security holder rights and amendments to corporate documents can introduce uncertainty and potential changes in value for existing shareholders.
Key Players & Entities
- Advent Technologies Holdings, Inc. (company) — Registrant
- May 13, 2024 (date) — Earliest event reported
- May 16, 2024 (date) — Filing date
- Delaware (jurisdiction) — State of incorporation
- AMCI Acquisition Corp. (company) — Former company name
FAQ
What specific modifications were made to the rights of security holders?
The filing indicates material modifications to the rights of security holders, but the specific details of these modifications are not provided in the summary text.
What are the key amendments to Advent Technologies' articles of incorporation?
The filing states there were amendments to the articles of incorporation, but the specific nature of these amendments is not detailed in the provided text.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on May 13, 2024.
What is the filing date for this 8-K report?
The report was filed as of May 16, 2024.
What was Advent Technologies Holdings, Inc. previously known as?
Advent Technologies Holdings, Inc. was formerly known as AMCI Acquisition Corp.
Filing Stats: 1,183 words · 5 min read · ~4 pages · Grade level 13.4 · Accepted 2024-05-16 17:03:33
Key Financial Figures
- $0.0001 — ch registered Common stock, par value $0.0001 per share ADN The Nasdaq Stock Mark
- $345.00 — mon stock, each at an exercise price of $345.00 ADNWW The Nasdaq Stock Market LLC
- $3.105 — f record will receive a cash payment of $3.105 per share in lieu of any fractional sha
Filing Documents
- adventtechnologies_8k.htm (8-K) — 43KB
- adventtechnologies_ex3-1.htm (EX-3.1) — 9KB
- 0001829126-24-003455.txt ( ) — 271KB
- adn-20240513.xsd (EX-101.SCH) — 4KB
- adn-20240513_def.xml (EX-101.DEF) — 26KB
- adn-20240513_lab.xml (EX-101.LAB) — 36KB
- adn-20240513_pre.xml (EX-101.PRE) — 25KB
- adventtechnologies_8k_htm.xml (XML) — 6KB
03
Item 3.03 Material Modifications to Rights of Security Holders. The information contained in Item 5.03 below is incorporated by reference into this Item 3.03.
03
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. On May 13, 2024, Advent Technologies Holdings, Inc. (the "Company") filed a Certificate of Amendment (the "Certificate of Amendment") to the Company's Second Amended and Restated Certificate of Incorporation, as amended, with the Secretary of State of the State of Delaware to effect a 1-for-30 reverse stock split (the "Reverse Stock Split") of the Company's common stock, par value $0.0001 per share ("Common Stock"). Pursuant to the Certificate of Amendment, effective upon its filing with the Secretary of State of the State of Delaware (the "Effective Time"), every 30 shares of Common Stock issued and outstanding, including shares of Common Stock held by the Company as treasury shares, will be automatically combined into one share of Common Stock. As of the filing of the Certificate of Amendment on May 13, 2024, the Company had 2,636,886 shares of Common Stock issued and outstanding. The Company's stockholders of record will receive a cash payment of $3.105 per share in lieu of any fractional shares they would have otherwise been entitled to receive in the Reverse Stock Split. The Common Stock began trading on The Nasdaq Capital Market on a split-adjusted basis at the opening of trading on Tuesday, May 14, 2024. The Common Stock will continue trading on The Nasdaq Capital Market under the symbol "ADN" with a new CUSIP number (00788A204). The Company's publicly traded warrants will continue to be traded on The Nasdaq Capital Market under the symbol "ADNWW" and the CUSIP number for the public warrants will remain unchanged. However, under the terms of the applicable warrant agreement, the number of shares of Common Stock issuable on exercise of each warrant were proportionately decreased. Specifically, following effectiveness of the Reverse Stock Split, every 30 shares of Common Stock that may be purchased pursuant to the exercise of public warrants will represent one share of Commo
01
Item 9.01 Exhibits. (d) Exhibits Exhibit No. Description 3.1 Certificate of Amendment to the Second Amended and Restated Certificate of Incorporation of Advent Technologies Holdings, Inc. 104 Cover Page Interactive Data File. (Embedded within the Inline XBRL document.) 2
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: May 16, 2024 Advent Technologies Holdings, Inc. By: /s/ Vassilios Gregoriou Name: Vassilios Gregoriou Title: Chairman and Chief Executive Officer 3