---
schema_version: "secwatch.filing_event.v1"
accession: "0001829126-23-008234"
form_type: "8-K"
ticker: "ADNH"
cik: "0001744494"
company_name: "ADVENT TECHNOLOGIES HOLDINGS, INC."
filed_at: "2023-12-27T23:59:59+00:00"
generated_at: "2026-06-07T06:56:48.144423+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Advent Technologies raises $2M in registered direct offering of 10M shares at $0.20 each

## Summary
- Gross proceeds of $2M; net proceeds ~$1.78M after estimated expenses.
- Joseph Gunnar & Co. acted as placement agent; receives 9% cash fee plus up to $25K reimbursement.
- Proceeds to fund development of fuel cell systems, MEA, stack design, and for working capital.
- Offering expected to close December 27, 2023, subject to customary closing conditions.
- Securities offered under effective shelf registration statement (Form S-3, No. 333-271389).

## SEC filing metadata
- accession: 0001829126-23-008234
- form_type: 8-K
- ticker: ADNH
- cik: 0001744494
- company_name: ADVENT TECHNOLOGIES HOLDINGS, INC.
- filed_at: 2023-12-27T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1744494/000182912623008234/0001829126-23-008234-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1744494/000182912623008234/adventtechnologies_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001829126-23-008234
- JSON: https://secwatch.observer/filing/0001829126-23-008234.json
- Plain text: https://secwatch.observer/filing/0001829126-23-008234.txt

## Key facts
- Material Agreements
  ADVENT TECHNOLOGIES HOLDINGS, INC. entered into Purchase Agreement with those certain purchasers named therein valued at $2,000,000 (effective 2023-12-22).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: those certain purchasers named therein
  - Value: $2,000,000
  - Effective: 2023-12-22
  source text: On December 22, 2023, Advent Technologies Holdings, Inc. (the “Company”) entered into a Securities Purchase Agreement (the “Purchase Agreement”) with those certain purchasers named therein (the “Purchasers”) pursuant to which the Company agreed to issue and sell, in a public offering, directly to the Purchasers (the “Registered Direct Offering”), 10,000,000 shares of the Company’s common stock, par value $0.0001 per share (the “Common Stock”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1744494/000182912623008234/0001829126-23-008234-index.htm

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