secwatch.observer — SEC 8-K summary
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Issuer:     ADVENT TECHNOLOGIES HOLDINGS, INC. (ADNH)
CIK:        0001744494
Form:       8-K
Filed at:   2024-05-01T23:59:59+00:00
Accession:  0001829126-24-002955
Event type: other_material
Sentiment:  neutral
Materiality: 0.80
Item codes: 5.07, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Advent Technologies approves 1-for-30 reverse stock split to meet Nasdaq minimum bid
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- Stockholders approved reverse stock split at ratio range 1-for-2 to 1-for-30; board set ratio at 1-for-30.
- Outstanding shares to reduce from ~77.6M to ~2.6M; no fractional shares, cash in lieu.
- Board acted on April 30, 2024 after April 29, 2024 special meeting approval.
- Company submitted compliance plan to Nasdaq to file Form 10-K by May 31, 2024.
- Reverse split intended to regain compliance with Nasdaq's $1.00 minimum bid price requirement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1744494/000182912624002955/0001829126-24-002955-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1744494/000182912624002955/adventtech_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-24-002955

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