---
schema_version: "secwatch.filing_event.v1"
accession: "0001829126-23-002631"
form_type: "8-K"
ticker: "ADNH"
cik: "0001744494"
company_name: "ADVENT TECHNOLOGIES HOLDINGS, INC."
filed_at: "2023-04-11T23:59:59+00:00"
generated_at: "2026-06-17T03:42:26.805579+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Advent Technologies secures $50M equity line with Lincoln Park; issues 635,593 commitment shares

## Summary
- Up to $50M of common stock can be sold to Lincoln Park over 36 months at Company's option.
- 635,593 commitment shares issued as consideration; Lincoln Park agrees not to short sell or hedge.
- Regular purchases up to 200K shares/day (increasing at higher stock prices); prices based on market.
- Proceeds for working capital and general corporate purposes; registration statement to be filed in 45 business days.
- Exchange cap of 19.99% of pre-agreement outstanding shares (~10.45M shares) unless stockholder approval or avg price ≥$1.08.

## SEC filing metadata
- accession: 0001829126-23-002631
- form_type: 8-K
- ticker: ADNH
- cik: 0001744494
- company_name: ADVENT TECHNOLOGIES HOLDINGS, INC.
- filed_at: 2023-04-11T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1744494/000182912623002631/0001829126-23-002631-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1744494/000182912623002631/adventtech_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001829126-23-002631
- JSON: https://secwatch.observer/filing/0001829126-23-002631.json
- Plain text: https://secwatch.observer/filing/0001829126-23-002631.txt

## Key facts
- Material Agreements
  ADVENT TECHNOLOGIES HOLDINGS, INC. entered into Purchase Agreement with Lincoln Park Capital Fund, LLC valued at up to $50,000,000 (effective 2023-04-10).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Lincoln Park Capital Fund, LLC
  - Value: up to $50,000,000
  - Effective: 2023-04-10
  source text: On April 10, 2023, Advent Technologies Holdings, Inc. (the “Company”), entered into a purchase agreement (the “Purchase Agreement”) with Lincoln Park Capital Fund, LLC (“Lincoln Park”), which provides that, upon the terms and subject to the conditions and limitations set forth therein, the Company has the right, but not the obligation, to sell to Lincoln Park up to $50,000,000 worth of shares of the Company’s common stock
  evidence_url: https://www.sec.gov/Archives/edgar/data/1744494/000182912623002631/0001829126-23-002631-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.