Advent Technologies repays $235,000 convertible note at 12%
Advent Technologies (ADN) repaid and terminated a short-term financing note.
Rhea-AI Filing Summary
Advent Technologies (ADN) repaid and terminated a short-term financing note. The company fully repaid a Convertible Promissory Note with an aggregate principal amount of $235,000.00 (including an original issue discount of $25,000.00) bearing 12% annual interest, originally provided by Hudson Global Ventures LLC. As of November 5, 2025, all amounts and conditions under the note were satisfied, and the note was terminated upon repayment.
The original financing also included a pre-funded warrant to purchase 130,000 shares of common stock. The filing focuses on extinguishing the debt obligation; it does not alter the described warrant terms.
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Insights
Debt repaid; small-size note extinguished, reducing convert risk.
Advent Technologies settled a Convertible Promissory Note totaling $235,000.00 (with a $25,000.00 original issue discount) at 12% annual interest. Repayment as of November 5, 2025 terminated the note, removing this convertible obligation from the balance sheet.
This action eliminates potential conversion from this specific instrument and clarifies near-term liabilities. The agreement also included a pre-funded warrant for 130,000 common shares; the disclosure centers on the note’s satisfaction and does not modify the warrant terms.
Subsequent filings may provide additional detail on any remaining equity-linked instruments associated with the August 1, 2025 financing.
8-K Event Classification
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