Advent Technologies Holdings Inc. filed SEC Form 8-K: Other Events
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| Item 8.01 | Other Events. |
As previously disclosed, on October 18, 2024, the NASDAQ Stock Market (“Nasdaq”) notified Advent Technologies Holdings, Inc. (the “Company”) that its Quarterly Report on Form 10-Q for the period ended June 30, 2024 reported stockholders’ equity below the Nasdaq continued listing requirement of at least $2.5 million. The Company thereafter submitted its plan to Nasdaq to regain compliance with the continued listing requirements and undertook remedial measures to correct the deficiency in its stockholders’ equity.
As of April 15, 2025, based on recent developments at the Company including the resolution of certain claims and the current value of its technology and licenses, the Company believes that it now satisfies the Nasdaq continued listing requirements as its stockholders’ equity exceeds the $2.5 million minimum requirement. This will be reflected on the Company’s balance sheet in its Quarterly Report on Form 10-Q for the period ending June 30, 2025.
Nasdaq will continue to monitor the Company’s ongoing compliance with the stockholders’ equity requirement, and if at the time of its next periodic report the Company does not evidence compliance, it may be subject to delisting.
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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: April 15, 2025
| Advent Technologies Holdings, Inc. | ||
| By: | /s/ Gary Herman | |
| Name: | Gary Herman | |
| Title: | Chief Executive Officer | |
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