Advent Technologies enters ATM equity offering for up to $50M

ADVENT TECHNOLOGIES HOLDINGS, INC.

ATM Agreement with H.C. Wainwright on June 2, 2023, allows sale of up to $50M of common stock.
Commission rate of 3.0% of gross proceeds payable to the agent.
Shares sold at prevailing market prices on Nasdaq in at-the-market offerings.
Offering registered under effective Form S-3 and prospectus supplement filed June 2, 2023.
Company has no obligation to sell; can suspend or terminate the program at any time.

Key facts

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

ADVENT TECHNOLOGIES HOLDINGS, INC. entered into At The Market Offering Agreement with H.C. Wainwright & Co., LLC valued at up to $50 million (effective 2023-06-02).

Action: entry
Agreement: atm program
Counterparty: H.C. Wainwright & Co., LLC
Value: up to $50 million
Effective: 2023-06-02

Exact text from the filing

On June 2, 2023, Advent Technologies Holdings, Inc., a Delaware corporation (the “Company”), entered into an At The Market Offering Agreement (the “ATM Agreement”) with H.C. Wainwright & Co., LLC, as sales agent (the “Agent”), for an at-the-market equity program under which it may sell up to $50 million of shares

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ADVENT TECHNOLOGIES HOLDINGS, INC. filing history →

Source: SEC EDGAR

accession 0001829126-23-003887

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