secwatch.observer — SEC 8-K summary
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Issuer:     ADVENT TECHNOLOGIES HOLDINGS, INC. (ADNH)
CIK:        0001744494
Form:       8-K
Filed at:   2023-12-27T23:59:59+00:00
Accession:  0001829126-23-008234
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1744494/000182912623008234/0001829126-23-008234-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1744494/000182912623008234/adventtechnologies_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-23-008234

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