Advent Technologies Receives Nasdaq Notice on Late Filing of its Form 10-Q
Advent Technologies (NASDAQ: ADN) has received a notice from Nasdaq on May 22, 2025, regarding its non-compliance with listing requirements due to delayed financial filings. The company failed to file both its Q1 2025 Form 10-Q (due May 15, 2025) and its 2024 Annual Report Form 10-K (due March 31, 2025). While this notice has no immediate impact on ADN's listing status, the company must submit a compliance plan by June 16, 2025. If Nasdaq accepts the plan, ADN may receive an extension until October 13, 2025, to regain compliance, though acceptance is not guaranteed.
Advent Technologies (NASDAQ: ADN) ha ricevuto una comunicazione da Nasdaq il 22 maggio 2025 riguardante la mancata conformità ai requisiti di quotazione a causa di ritardi nelle comunicazioni finanziarie. L'azienda non ha presentato né il modulo 10-Q relativo al primo trimestre 2025 (scadenza 15 maggio 2025) né il rapporto annuale 10-K del 2024 (scadenza 31 marzo 2025). Sebbene questo avviso non abbia un impatto immediato sullo status di quotazione di ADN, la società deve presentare un piano di conformità entro il 16 giugno 2025. Se Nasdaq accetterà il piano, ADN potrà ottenere una proroga fino al 13 ottobre 2025 per tornare in regola, anche se l'accettazione non è garantita.
Advent Technologies (NASDAQ: ADN) recibió una notificación de Nasdaq el 22 de mayo de 2025 por incumplimiento de los requisitos de cotización debido a retrasos en la presentación de informes financieros. La compañía no presentó ni el formulario 10-Q del primer trimestre de 2025 (fecha límite 15 de mayo de 2025) ni el informe anual 10-K de 2024 (fecha límite 31 de marzo de 2025). Aunque esta notificación no afecta de inmediato el estado de cotización de ADN, la empresa debe enviar un plan de cumplimiento antes del 16 de junio de 2025. Si Nasdaq acepta el plan, ADN podría recibir una prórroga hasta el 13 de octubre de 2025 para volver a cumplir, aunque la aceptación no está garantizada.
Advent Technologies (NASDAQ: ADN)는 2025년 5월 22일 나스닥으로부터 재무 보고 지연으로 인해 상장 요건 미준수 통지를 받았습니다. 회사는 2025년 1분기 10-Q 보고서(제출 기한 2025년 5월 15일)와 2024년 연례 보고서 10-K(제출 기한 2025년 3월 31일)를 제출하지 못했습니다. 이 통지는 ADN의 상장 상태에 즉각적인 영향을 미치지 않지만, 회사는 2025년 6월 16일까지 준수 계획을 제출해야 합니다. 나스닥이 계획을 승인하면 ADN는 2025년 10월 13일까지 준수 상태를 회복할 수 있는 연장을 받을 수 있으나, 승인은 보장되지 않습니다.
Advent Technologies (NASDAQ : ADN) a reçu un avis de la Nasdaq le 22 mai 2025 concernant son non-respect des exigences de cotation en raison de retards dans les dépôts financiers. La société n’a pas soumis son formulaire 10-Q du premier trimestre 2025 (date limite le 15 mai 2025) ni son rapport annuel 10-K de 2024 (date limite le 31 mars 2025). Bien que cet avis n’impacte pas immédiatement le statut de cotation d’ADN, l’entreprise doit soumettre un plan de conformité avant le 16 juin 2025. Si la Nasdaq accepte ce plan, ADN pourrait obtenir une prolongation jusqu’au 13 octobre 2025 pour se mettre en conformité, bien que cette acceptation ne soit pas garantie.
Advent Technologies (NASDAQ: ADN) erhielt am 22. Mai 2025 eine Mitteilung von der Nasdaq wegen Nichteinhaltung der Börsenzulassungsanforderungen aufgrund verspäteter Finanzberichte. Das Unternehmen hat weder den Q1 2025 Form 10-Q (Fälligkeitsdatum 15. Mai 2025) noch den Jahresbericht 10-K für 2024 (Fälligkeitsdatum 31. März 2025) eingereicht. Obwohl diese Mitteilung keine unmittelbaren Auswirkungen auf den Börsenstatus von ADN hat, muss das Unternehmen bis zum 16. Juni 2025 einen Compliance-Plan vorlegen. Wenn die Nasdaq den Plan akzeptiert, kann ADN eine Fristverlängerung bis zum 13. Oktober 2025 erhalten, um die Anforderungen wieder zu erfüllen, wobei die Annahme nicht garantiert ist.
- None.
- Failure to file Q1 2025 Form 10-Q by the required deadline
- Failure to file 2024 Annual Report Form 10-K by the required deadline
- Risk of potential delisting if compliance plan is not accepted or if compliance is not achieved by October 13, 2025
LIVERMORE, Calif., May 23, 2025 (GLOBE NEWSWIRE) -- (NASDAQ: ADN) On May 22, 2025, 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 March 31, 2025 was not filed with the Securities and Exchange Commission by the required due date of May 15, 2025, and because the Company’s Annual Report on Form 10-K for the year ended December 31, 2024 was not filed by the required due date of March 31, 2025 and has not yet been filed. 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 Monday, June 16, 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, October 13, 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 October 13, 2025.
The Company expects and intends to submit to Nasdaq a compliance plan no later than June 16, 2025.
About Advent Technologies Holdings, Inc.
Advent Technologies Holdings, Inc. is a U.S. corporation that develops, manufactures, and assembles complete fuel cell systems as well as supplying customers with critical components for fuel cells in the renewable energy sector. Advent is headquartered in Livermore, CA, with offices in Athens and Patras Greece. With more than 150 patents issued, pending, and/or licensed for fuel cell technology, Advent holds the IP for next-generation HT-PEM that enables various fuels to function at high temperatures and under extreme conditions, suitable for the automotive, aviation, defense, oil and gas, marine, and power generation sectors. For more information, visit www.advent.energy.
Cautionary Note Regarding Forward-Looking Statements
This press release includes forward-looking statements. These forward-looking statements generally can be identified by the use of words such as “anticipate,” “expect,” “plan,” “could,” “may,” “will,” “believe,” “estimate,” “forecast,” “goal,” “project,” and other words of similar meaning. Each forward-looking statement contained in this press release is subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statement. Applicable risks and uncertainties include, among others, the Company’s ability to maintain the listing of the Company’s common stock on Nasdaq; future financial performance; public securities’ potential liquidity and trading; impact from the outcome of any known and unknown litigation; ability to forecast and maintain an adequate rate of revenue growth and appropriately plan its expenses; expectations regarding future expenditures; future mix of revenue and effect on gross margins; attraction and retention of qualified directors, officers, employees and key personnel; ability to compete effectively in a competitive industry; ability to protect and enhance Advent’s corporate reputation and brand; expectations concerning its relationships and actions with technology partners and other third parties; impact from future regulatory, judicial and legislative changes to the industry; ability to locate and acquire complementary technologies or services and integrate those into the Company’s business; future arrangements with, or investments in, other entities or associations; and intense competition and competitive pressure from other companies worldwide in the industries in which the Company will operate; and the risks identified under the heading “Risk Factors” in Advent’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) on August 13, 2024, as well as the other information filed with the SEC. Investors are cautioned not to place considerable reliance on the forward-looking statements contained in this press release. You are encouraged to read Advent’s filings with the SEC, available at www.sec.gov, for a discussion of these and other risks and uncertainties. The forward-looking statements in this press release speak only as of the date of this document, and the Company undertakes no obligation to update or revise any of these statements. Advent’s business is subject to substantial risks and uncertainties, including those referenced above. Investors, potential investors, and others should give careful consideration to these risks and uncertainties.
Advent Technologies Holdings, Inc.
FAQ
What is the deadline for Advent Technologies (ADN) to submit its compliance plan to Nasdaq?
Why did Advent Technologies (ADN) receive a Nasdaq notice on May 22, 2025?
Will ADN stock be immediately delisted from Nasdaq due to the late filings notice?
What is the final deadline for Advent Technologies to regain Nasdaq compliance?
What financial reports are missing from Advent Technologies (ADN)?
