ADVENT TECHNOLOGIES HOLDINGS, INC. (ADNH): Nasdaq/NYSE listing notice — Advent Technologies receives Nasdaq extension until May 20, 2024 to regain minimum bid price compliance

ADVENT TECHNOLOGIES HOLDINGS, INC.

Nasdaq granted an additional 180-day period, until May 20, 2024, to meet the $1.00 minimum bid price requirement.
Company had been non-compliant since May 24, 2023; previously had until Nov 20, 2023 to cure.
If bid price closes at $1.00+ for 10 consecutive days during extension, Nasdaq will confirm compliance.
Failure to cure may lead to delisting; company may request a hearing to appeal.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

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 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 was 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 ”). This initial l

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Source: SEC EDGAR

accession 0001829126-23-007631

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