secwatch.observer — SEC 8-K summary
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Issuer:     ADVENT TECHNOLOGIES HOLDINGS, INC. (ADNH)
CIK:        0001744494
Form:       8-K
Filed at:   2023-04-11T23:59:59+00:00
Accession:  0001829126-23-002631
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1744494/000182912623002631/0001829126-23-002631-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1744494/000182912623002631/adventtech_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-23-002631

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