Advent Technologies announces 1-for-30 reverse stock split effective May 14, 2024

ADVENT TECHNOLOGIES HOLDINGS, INC.

Reverse stock split ratio of 1-for-30, effective at open on May 14, 2024.
Outstanding shares reduced from ~77.6M to ~2.6M; fractional shares paid in cash.
Split intended to meet Nasdaq $1.00 minimum bid price requirement for continued listing.
Common stock (ADN) and warrants (ADNWW) trade on split-adjusted basis under same symbols.
CUSIP for common stock post-split: 00788A 204.

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