Advent Technologies (ADNH) faces removal of shares from Nasdaq listing

Rhea-AI Filing Summary

Advent Technologies Holdings, Inc. is being removed from listing and registration on the Nasdaq Stock Market under Section 12(b) of the Securities Exchange Act of 1934. Nasdaq filed Form 25 covering the company’s Class A common stock and warrants, meaning these securities will no longer trade on the exchange once the delisting process is complete. The filing states that Nasdaq has complied with its own rules to strike the securities from listing and registration, and that the issuer has complied with exchange rules and regulatory requirements for voluntary withdrawal where applicable.

Positive

• None.

Negative

• Advent Technologies’ Class A common stock and warrants are being delisted from the Nasdaq Stock Market, which can reduce trading liquidity, market visibility, and may signal elevated listing or compliance challenges.

Insights

Equity markets and listing standards analyst

Advent’s common stock and warrants are being delisted from Nasdaq.

The filing shows that Advent Technologies Holdings, Inc. will have its Class A common stock and warrants removed from listing and registration on the Nasdaq Stock Market LLC via Form 25. This step typically shifts trading, if any, to over-the-counter venues, which often have lower liquidity and visibility compared with a national exchange.

The language cites compliance by both Nasdaq and the issuer with applicable rules for striking the securities from listing and for voluntary withdrawal under 17 CFR 240.12d2-2. The certification is signed on behalf of Nasdaq, indicating the exchange has determined it meets the conditions to effect this removal. The longer-term impact will depend on where and how the securities trade after delisting and how the company adapts its capital markets strategy.

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SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 25

NOTIFICATION OF REMOVAL FROM LISTING AND/OR REGISTRATION
UNDER SECTION 12(b) OF THE SECURITIES EXCHANGE ACT OF 1934.

Commission File Number

001-38742

Issuer:	ADVENT TECHNOLOGIES HOLDINGS, INC.
Exchange:	Nasdaq Stock Market LLC

(Exact name of Issuer as specified in its charter, and name of Exchange where security is listed and/or registered)

Address:	975 Georges Station Road, Suite 900
	Greensburg	PENNSYLVANIA	15601
Telephone number:					(203) 625-9200

(Address, including zip code, and telephone number, including area code, of Issuer's principal executive offices)

Class A Common Stock, Warrants

(Description of class of securities)

Please place an X in the box to designate the rule provision relied upon to strike the class of securities from listing and registration:

17 CFR 240.12d2-2(a)(1)

17 CFR 240.12d2-2(a)(2)

17 CFR 240.12d2-2(a)(3)

17 CFR 240.12d2-2(a)(4)

Pursuant to 17 CFR 240.12d2-2(b), the Exchange has complied with its rules to strike the class of securities from listing and/or withdraw registration on the Exchange. ¹

Pursuant to 17 CFR 240.12d2-2(c), the Issuer has complied with its rules of the Exchange and the requirements of 17 CFR 240.12d-2(c) governing the voluntary withdrawal of the class of securities from listing and registration on the Exchange.

Pursuant to the requirements fo the Securities Exchange Act of 1934, Nasdaq Stock Market LLC certifies that it has reasonable grounds to believe that it meets all of the requirements for filing the Form 25 and has caused this notification to be signed on its behalf by the undersigned duly authorized person.

2026-01-21	By	Aravind Menon		Hearings Advisor
Date		Name		Title

¹ Form 25 and attached Notice will be considered compliance with the provisions of 17 CFR 240.19d-1 as applicable. See General Instructions.

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What does the Form 25 filing mean for Advent Technologies (ADNH)?

Form 25 shows that Advent Technologies Holdings, Inc. will have its Class A common stock and warrants removed from listing and registration on the Nasdaq Stock Market LLC under Section 12(b) of the Exchange Act.

Which Advent Technologies (ADNH) securities are being removed from Nasdaq?

The filing covers Class A Common Stock and Warrants of Advent Technologies Holdings, Inc. for removal from listing and registration on the Nasdaq Stock Market.

Is the Advent Technologies (ADNH) delisting voluntary or exchange-initiated?

The document cites that Nasdaq has complied with its rules to strike the class of securities and that the issuer has complied with exchange rules and 17 CFR 240.12d2-2(c) governing voluntary withdrawal, indicating the process reflects both exchange action and issuer compliance.

What regulation governs Advent Technologies’ removal from Nasdaq?

The removal is made under Section 12(b) of the Securities Exchange Act of 1934 and related rules, including 17 CFR 240.12d2-2(a), (b), and (c), which set procedures for striking securities from listing and withdrawing registration.

Who certified the Advent Technologies (ADNH) Nasdaq delisting filing?

The notification is certified on behalf of Nasdaq Stock Market LLC and is signed by Aravind Menon, Hearings Advisor, stating Nasdaq has reasonable grounds to believe it meets all requirements for filing Form 25.

Will Advent Technologies (ADNH) shares stop trading entirely after delisting?

The filing confirms removal from Nasdaq listing and registration. It does not address post-delisting trading venues, but the securities will no longer be listed on the Nasdaq Stock Market once the Form 25 process is effective.