regulatory
confidence high
sentiment negative
materiality 0.70
Advent Technologies receives Nasdaq deficiency notice for late Q1 10-Q filing
ADVENT TECHNOLOGIES HOLDINGS, INC.
- Nasdaq notified Advent on May 24, 2024, of non-compliance with Listing Rule 5250(c)(1) due to late Form 10-Q.
- Company has until June 17, 2024, to submit a plan to regain compliance; Nasdaq may grant exception until October 14, 2024.
- Advent expects to submit a compliance plan by the June 17 deadline and targets filing the Q1 10-Q as soon as practicable.
- The notice has no immediate effect on listing or trading of ADN common stock or warrants.
- Company states it intends to regain compliance with SEC reporting obligations to maintain listing.