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Advent Technologies Holdng Inc - ADN STOCK NEWS

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

Advent Technologies Holdings Inc (NASDAQ: ADN) delivers innovative fuel cell solutions through its proprietary high-temperature PEM technology. This dedicated news hub provides investors and industry stakeholders with essential updates on the company's advancements in clean energy systems.

Access real-time announcements covering strategic partnerships, product developments, and financial milestones. Our curated collection includes press releases related to:

• Next-gen MEA technology breakthroughs
• Defense and aerospace sector collaborations
• Renewable energy storage innovations
• Financial performance and market positioning

Stay informed about ADN's progress in developing platinum-free fuel cell systems for automotive, military, and stationary power applications. This resource serves as your primary source for tracking the company's role in advancing sustainable energy solutions across global markets.

Bookmark this page for continuous access to verified updates on Advent Technologies' operational developments and industry leadership in high-temperature fuel cell technology.

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Advent Technologies Holdings (Nasdaq: ADN) announced that it received a Nasdaq notice on May 24, 2024, for failing to file its Form 10-Q for Q1 2024 by the May 10 deadline. This notice has no immediate effect on the company's listing or trading. Advent has until June 17, 2024, to submit a plan to regain compliance. If approved, they have until October 14, 2024, to comply with Nasdaq rules. The company is working to file the report promptly and expects to maintain future compliance. Advent develops and manufactures fuel cell systems and components, holding over 150 patents in the renewable energy sector.

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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 Holdng Inc

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