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Advent Technologies Holdings, Inc. - $ADN STOCK NEWS

Welcome to our dedicated page for Advent Technologies Holdings news (Ticker: $ADN), a resource for investors and traders seeking the latest updates and insights on Advent Technologies Holdings stock.

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Advent Technologies Holdings, Inc. announced a 1-for-30 reverse stock split of its common stock, effective May 13, 2024, to meet Nasdaq's minimum bid price requirement. The split will reduce outstanding shares from 77.6 million to 2.6 million, with no fractional shares issued. Stockholders will receive a proportional cash payment for any fractional shares. This move aims to make the stock more appealing to investors.

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Advent Technologies Holdings, Inc. (Nasdaq: ADN) approved a 1-for-30 reverse stock split to comply with Nasdaq's $1.00 per share minimum bid price requirement. The split will reduce outstanding shares from 77.6 million to 2.6 million, with no fractional shares issued. The Company aims to make its stock more appealing to investors and continue trading on the Nasdaq Capital Market.

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Advent Technologies Holdings, Inc. (ADN) received a notice from Nasdaq regarding the late filing of its Form 10-K for the year ended December 31, 2023. The company has 60 days to submit a compliance plan and aims to file the Form 10-K in May 2024 to maintain SEC reporting obligations.
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Advent Technologies Holdings, Inc. subsidiary, Advent Technologies A/S, signs a Joint Development Agreement with Siemens Energy to develop a 500kW HT-PEM fuel cell solution for maritime applications. The collaboration aims to address power needs for yachts, ferries, and commercial ships, with initial testing in 2025. Advent's innovative HT-PEM fuel cell technology offers high efficiency and resilience, utilizing eMethanol for potential 100% CO2 emissions reduction in the maritime industry.
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Advent Technologies Holdings, Inc. (ADN) announces approval for funding for its RiverCell 3 project, aiming to develop a maritime fuel cell system with a total capacity exceeding 500kW. The project has a budget of $12.4 million, with Advent's portion being $6.1 million. Collaborative partners include MEYER NEPTUN Engineering GmbH, Siemens Energy Global GmbH & Co. KG, Lloyd's Register EMEA Niederlassung Deutschland, and Hochschule Wismar Bereich Seefahrt, Anlagentechnik und Logistik. The project, which started in January 2024, is expected to conclude on December 31, 2026. Advent's innovative Ion Pair™ MEA technology plays a crucial role in this project, promising significant advancements in maritime applications.
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Advent Technologies' subsidiary, Advanced Energy Technologies S.A., receives a €24 million state aid package from Greece's Just Transition Fund for its Green HiPo Important Project of Common European Interest. The project aims to develop HT-PEM fuel cells and electrolysers for power and green hydrogen production in Greece, contributing to the country's transition to a greener economic model.
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Advent Technologies Holdings, Inc. (NASDAQ: ADN) announced the appointment of Naiem Hussain as its new Chief Financial Officer, bringing extensive expertise in corporate finance, with a focus on IPOs, fundraisings, and mergers and acquisitions within the energy technology and fuel cell industries. Mr. Hussain replaces Kevin Brackman, who resigned from his position on January 5, 2024. His professional journey includes roles at ICI plc, Close Brothers, and Imperial Innovations, with a focus on energy technology. Mr. Hussain's appointment is expected to contribute to the ongoing success and expansion of the company.
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Advent Technologies Holdings, an innovation-driven leader in the fuel cell and hydrogen technology space, announces that its subsidiary, Advent Technologies, A/S, has secured funding approval for its latest research and development project from the Danish Energy Technology Development and Demonstration Program. The project, titled 'Modular Efficient Power Generation with Advanced Fuel Cell Power Converters', has secured total funding of approximately $1.83 million and is scheduled to kick off in the second quarter of 2024, spanning a three-year duration. This initiative will pioneer the development of a cutting-edge modular, scalable, and high-density DC-DC power converter, specifically tailored for Advent's next-generation High-Temperature Proton Exchange Membrane fuel cell applications. The technology aims to revolutionize the global fuel cell market by extending the expected lifetime of fuel cells to at least three times longer and delivering double the power density of Advent's earlier fuel cell systems. Manufacturing of these fuel cell systems will take place in Kozani, Greece, as part of the EU-approved Green HiPo IPCEI Project, significantly contributing to the region of Western Macedonia’s transition to a greener economic model.
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Advent Technologies Holdings, Inc. (NASDAQ: ADN) announced a registered direct offering to purchase 10,000,000 shares of common stock at a per share purchase price of $0.20, resulting in gross proceeds of $2,000,000.
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Advent Technologies Holdings, Inc. (NASDAQ: ADN) is pleased to introduce the SereneP, a revolutionary product line set to redefine portable power solutions with a focus on construction and EV charging applications. The SereneP offers unparalleled flexibility, environmental benefits, rugged reliability, and competitive advantages over traditional power sources. The company's global network of fuel suppliers guarantees a steady methanol supply for SereneP, positioning it as an ideal solution for the evolving demand for clean and highly portable power across construction and beyond.
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Advent Technologies Holdings, Inc.

Nasdaq:ADN

ADN Rankings

ADN Stock Data

8.62M
52.09M
16.95%
9.47%
3.52%
Optical Instrument and Lens Manufacturing
Manufacturing
Link
United States of America
BOSTON

About ADN

advent technologies is a world leader in the development of high-temperature membrane electrode assembly (mea) technology for use in high-temperature pem fuel cells and hydrogen clean up devices. our materials and components are used to enable clean energy solutions in: • specialty fuel cell applications: military battery rechargers, aerospace, telecom, remote power, hydrogen generation. • drastically improve wind and solar energy storage (redox flow batteries). this is the #1 problem to solve to match production with demand for these sectors. we have also collaborated to deliver solutions in the very important fields of: • home energy: very efficient (>90%) clean electricity and heat from natural gas. over 100,000 of these systems sold. but they are expensive due to platinum. we have managed to make them platinum free. • car/transportation: charge your car in 5 minutes with h2 from natural gas, go 300 miles. it takes hours for an electric car. unlike an electric car fuel cells are tru