UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
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(Address of registrant’s principal executive office) | (Zip code) |
(Registrant’s telephone number, including area code)
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(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading symbol(s) |
Name of each exchange on which registered | ||
The Stock Market LLC | ||||
The |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
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.
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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 |
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Cover |
Oct. 18, 2024 |
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Document Type | 8-K |
Amendment Flag | false |
Document Period End Date | Oct. 18, 2024 |
Entity File Number | 001-38742 |
Entity Registrant Name | ADVENT TECHNOLOGIES HOLDINGS, INC. |
Entity Central Index Key | 0001744494 |
Entity Tax Identification Number | 83-0982969 |
Entity Incorporation, State or Country Code | DE |
Entity Address, Address Line One | 5637 La Ribera St. |
Entity Address, Address Line Two | Suite A |
Entity Address, City or Town | Livermore |
Entity Address, State or Province | CA |
Entity Address, Postal Zip Code | 94550 |
City Area Code | (925) |
Local Phone Number | 455-9400 |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
Entity Emerging Growth Company | false |
Common stock, par value $0.0001 per share | |
Title of 12(b) Security | Common stock, par value $0.0001 per share |
Trading Symbol | ADN |
Security Exchange Name | NASDAQ |
Warrants | |
Title of 12(b) Security | Warrants |
Trading Symbol | ADNWW |
Security Exchange Name | NASDAQ |
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