Advent Technologies Holdings Inc. filed SEC Form 8-K: Other Events
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| Item 1.02 | Termination of a Material Definitive Agreement. |
On June 29, 2024, Advent Technologies Holdings, Inc. (the “Company”) entered into a Third Amendment to Lease (the “Lease Amendment”) with Hood Park LLC, a Massachusetts limited liability company (the “Landlord”), to accelerate the expiration of that certain Lease Agreement dated as of March 8, 2021, as amended (the “Lease”), by and between the Company and the Landlord, for certain premises located at 500 Rutherford Avenue, Suite 102, Boston, Massachusetts 02129 that served as the Company’s headquarters.
The term of the Lease was scheduled to expire on January 31, 2031. The Lease Amendment provides that expiration of the lease will be accelerated to be effective as of June 30, 2024, contingent upon the Landlord entering into a written lease agreement with a new tenant, and receipt of consent from Landlord’s mortgagee to the accelerated expiration of the lease, which consent has been received and was made effective on July 1, 2024. As consideration for the Landlord’s agreement to enter into the Lease Amendment and accelerate the expiration date of the Lease, and to repay certain amounts accrued but unpaid by the Company to Landlord, the Company will make payment to Landlord for an amount totaling $737,921.99 in the aggregate.
The foregoing description of the Lease Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Lease Amendment, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.
| Item 8.01 | Other Events. |
A press release, dated July 11, 2024, disclosing the Lease Amendment referenced above and other information is attached hereto as Exhibit 99.1.
The information furnished under this Item 8.01, including the press release attached hereto, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as otherwise expressly stated in such filing.
| Item 9.01 | Exhibits. |
(d) Exhibits
| Exhibit No. | Description | |
| 10.1 | Third Amendment to Lease, dated June 29, 2024, between Advent Technologies Holdings, Inc. and Hood Park LLC | |
| 99.1 | Press release issued July 11, 2024. | |
| 104 | Cover Page Interactive Data File. (Embedded within the Inline XBRL document.) |
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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: July 11, 2024
| Advent Technologies Holdings, Inc. | ||
| By: | /s/ Vassilios Gregoriou | |
| Name: | Vassilios Gregoriou | |
| Title: | Chairman and Chief Executive Officer | |
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