ADVENT TECHNOLOGIES HOLDINGS, INC. (ADNH): Nasdaq/NYSE listing notice — Advent receives Nasdaq non-compliance notice for bid price below $1.00

ADVENT TECHNOLOGIES HOLDINGS, INC.

On May 24, 2023, Nasdaq notified Advent that its common stock bid price closed below $1.00 for 30 consecutive business days, violating Rule 5550(a)(2).
Company has 180 days, until November 20, 2023, to regain compliance by achieving $1.00 or higher closing bid for at least 10 consecutive days.
If not cured by Nov 20, Advent may seek an extra 180-day period by meeting other Nasdaq initial listing criteria and committing to a reverse stock split if necessary.
Delisting is not imminent; company is reviewing options and may appeal any future delisting determination to a Nasdaq Hearings Panel.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 1.0

ADVENT TECHNOLOGIES HOLDINGS, INC. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5550(a)(2), 5810(c)(3)(A)

Exact text from the filing

May 24, 2023, Advent Technologies Holdings, Inc. (the “ Company ”) received a letter from the Listing Qualifications Staff (the “ Staff ”) of the Nasdaq Stock Market LLC (“ Nasdaq ”) indicating that the bid price of the Company’s common stock, par value $0.0001 per share (the “ Common Stock ”), had closed below $1.00 per share for 30 consecutive business days and, as a result, the Company is not in compliance with Nasdaq Listing Rule 5550(a)(2), which sets forth the minimum bid price requirement for continued listing on the Nasdaq Capital Market (the “ Minimum Bid Requirement ”). Nasdaq’s noti

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ADVENT TECHNOLOGIES HOLDINGS, INC. filing history →

Source: SEC EDGAR

accession 0001829126-23-003785

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