Advent Technologies Faces Delisting Concerns
Ticker: ADNH · Form: 8-K · Filed: Oct 23, 2024 · CIK: 1744494
Sentiment: bearish
Topics: delisting, listing-standards, compliance
Related Tickers: ADN
TL;DR
Advent Technologies might get delisted - stock exchange rules are a problem.
AI Summary
Advent Technologies Holdings, Inc. filed an 8-K on October 23, 2024, reporting a notice of delisting or failure to satisfy a continued listing rule or standard. The earliest event reported was October 18, 2024. The company was formerly known as AMCI Acquisition Corp. and changed its name on June 22, 2018.
Why It Matters
This filing indicates potential issues with Advent Technologies' compliance with stock exchange listing requirements, which could impact its stock's tradability and investor confidence.
Risk Assessment
Risk Level: high — A notice of delisting or failure to meet listing standards poses a significant risk to the company's continued trading on an exchange.
Key Players & Entities
- ADVENT TECHNOLOGIES HOLDINGS, INC. (company) — Registrant
- AMCI Acquisition Corp. (company) — Former company name
- October 18, 2024 (date) — Earliest event date
- October 23, 2024 (date) — Filing date
- June 22, 2018 (date) — Date of name change
FAQ
What specific listing rule or standard has Advent Technologies Holdings, Inc. failed to satisfy?
The filing does not specify the exact rule or standard that Advent Technologies Holdings, Inc. has failed to satisfy, only that a notice of delisting or failure to satisfy a continued listing rule or standard has been issued.
What is the earliest event date reported in this 8-K filing?
The earliest event date reported in this 8-K filing is October 18, 2024.
When was Advent Technologies Holdings, Inc. formerly known as?
Advent Technologies Holdings, Inc. was formerly known as AMCI Acquisition Corp.
On what date did the company change its name from AMCI Acquisition Corp.?
The company changed its name from AMCI Acquisition Corp. on June 22, 2018.
What is the filing date of this 8-K report?
This 8-K report was filed on October 23, 2024.
Filing Stats: 523 words · 2 min read · ~2 pages · Grade level 13.3 · Accepted 2024-10-23 16:05:15
Key Financial Figures
- $0.0001 — h registered Common stock, par value $0.0001 per share ADN The Nasdaq Stock Mark
- $2,879,000 — 2024, reported stockholders' equity of ($2,879,000), and as of today the Company does not
- $2,500,000 — ng the Company to maintain a minimum of $2,500,000 in stockholders' equity for continued l
Filing Documents
- adventtech_8k.htm (8-K) — 27KB
- 0001829126-24-006933.txt ( ) — 237KB
- adn-20241018.xsd (EX-101.SCH) — 4KB
- adn-20241018_def.xml (EX-101.DEF) — 26KB
- adn-20241018_lab.xml (EX-101.LAB) — 36KB
- adn-20241018_pre.xml (EX-101.PRE) — 25KB
- adventtech_8k_htm.xml (XML) — 5KB
01 Notice of Delisting or Failure to
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. On October 18, 2024, Advent Technologies Holdings, Inc. (the "Company") received a letter from the Listing Qualifications Department (the "Staff") of The Nasdaq Stock Market, LLC ("Nasdaq") notifying the Company that since the Company's Form 10-Q for the period ended June 30, 2024, reported stockholders' equity of ($2,879,000), and as of today the Company does not meet the alternatives of market value of listed securities or net income from continuing operations, the Company no longer complies with Nasdaq's Listing Rule requiring the Company to maintain a minimum of $2,500,000 in stockholders' equity for continued listing. Under Nasdaq Rules the Company has 45 calendar days to submit a plan to regain compliance. If the Company's plan is accepted, Nasdaq can grant an extension of up to 180 calendar days from the date of the letter to evidence compliance. 1
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: October 23, 2024 ADVENT TECHNOLOGIES HOLDINGS, INC. By: /s/ Vassilios Gregoriou Name: Vassilios Gregoriou Title: Chairman and Chief Executive Officer 2