Advent Technologies Faces Delisting Concerns
Ticker: ADNH · Form: 8-K · Filed: Nov 27, 2024 · CIK: 1744494
Sentiment: bearish
Topics: delisting, listing-standards, 8-k
TL;DR
Advent Technologies might get delisted - big trouble for the stock!
AI Summary
Advent Technologies Holdings, Inc. filed an 8-K on November 27, 2024, to report a notice of delisting or failure to satisfy a continued listing rule. The company, formerly AMCI Acquisition Corp., is incorporated in Delaware and its fiscal year ends on December 31.
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 is a significant negative event that can lead to severe consequences for the company's stock.
Key Numbers
- 001-38742 — SEC File Number (Identifies the company's filing with the SEC)
- 83-0982969 — IRS Number (Company's Employer Identification Number)
Key Players & Entities
- Advent Technologies Holdings, Inc. (company) — Registrant
- AMCI Acquisition Corp. (company) — Former company name
- November 27, 2024 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of incorporation
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 has not been met, only that a notice of delisting or failure to satisfy a continued listing rule or standard has been issued.
What is the immediate impact of this 8-K filing on Advent Technologies' stock trading?
The filing itself does not immediately halt trading, but it signals potential future delisting, which can negatively affect stock price and liquidity.
When was Advent Technologies Holdings, Inc. formerly known as AMCI Acquisition Corp.?
The company changed its name from AMCI Acquisition Corp. on June 22, 2018.
What is the business address of Advent Technologies Holdings, Inc.?
The business address is 500 Rutherford Avenue, Suite 102, Boston, MA 02129.
What is the SIC code for Advent Technologies Holdings, Inc.?
The Standard Industrial Classification (SIC) code is 3690, which corresponds to Miscellaneous Electrical Machinery, Equipment & Supplies.
Filing Stats: 586 words · 2 min read · ~2 pages · Grade level 12.6 · Accepted 2024-11-27 16:41:41
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
Filing Documents
- adventtech_8k.htm (8-K) — 39KB
- 0001829126-24-007869.txt ( ) — 251KB
- adn-20241127.xsd (EX-101.SCH) — 4KB
- adn-20241127_def.xml (EX-101.DEF) — 26KB
- adn-20241127_lab.xml (EX-101.LAB) — 36KB
- adn-20241127_pre.xml (EX-101.PRE) — 25KB
- adventtech_8k_htm.xml (XML) — 6KB
01
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. On November 22, 2024, Advent Technologies Holdings, Inc. (the "Company") received a letter (the "Letter") from the Listing Qualifications Department of the Nasdaq Stock Market ("Nasdaq") notifying the Company that it is not in compliance with periodic requirements for continued listing set forth in Nasdaq Listing Rule 5250(c)(1) because the Company's Quarterly Report on Form 10-Q for the period ended September 30, 2024 was not filed with the Securities and Exchange Commission by the required due date of November 20, 2024. This Letter received from Nasdaq has no immediate effect on the listing or trading of the Company's shares. Under Nasdaq rules, the Company now has until Tuesday, January 21, 2025, to submit a plan to regain compliance with Nasdaq Listing Rules. If Nasdaq accepts the Company's plan, Nasdaq may grant an exception until Monday, May 19, 2025, as instructed by the Letter, to regain compliance with the Nasdaq Listing Rules. However, there is no assurance that Nasdaq will accept the Company's plan to regain compliance or, if accepted, that the Company will be able to regain compliance with Nasdaq's rules by May 19, 2025. The Company expects and intends to submit to Nasdaq a compliance plan no later than January 21, 2025. 1
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: November 27, 2024 Advent Technologies Holdings, Inc. By: /s/ Gary Herman Name: Gary Herman Title: Chief Executive Officer 2