---
schema_version: "secwatch.filing_event.v1"
accession: "0001829126-24-005203"
form_type: "8-K"
ticker: "ADNH"
cik: "0001744494"
company_name: "ADVENT TECHNOLOGIES HOLDINGS, INC."
filed_at: "2024-08-05T23:59:59+00:00"
generated_at: "2026-05-31T13:11:15.075658+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Advent Technologies Enters $1M Debt Deal, Three Investor-Nominated Directors Appointed

## Summary
- Advent Technologies signed a Securities Purchase Agreement with an institutional investor for a $1,000,000 senior promissory note at 18% interest, due in one year.
- Investor committed a $2,000,000 revolving line of credit, contingent on Advent filing an S-1 for a public offering of at least $5,000,000.
- Conditions include CEO salary cut by at least 50% and salary reductions for all other employees up to 50%.
- Five directors (Nora Goudroupi, Anggelos Skutaris, Larry Epstein, Wayne Threatt, Von McConnell) will resign; Katie Field, Richard Paolone, Avtar Dhaliwal appointed.
- Closing also requires Advent to file its 2023 Form 10-K; change in control as Investor appoints majority of board.

## SEC filing metadata
- accession: 0001829126-24-005203
- form_type: 8-K
- ticker: ADNH
- cik: 0001744494
- company_name: ADVENT TECHNOLOGIES HOLDINGS, INC.
- filed_at: 2024-08-05T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 5.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1744494/000182912624005203/0001829126-24-005203-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1744494/000182912624005203/adventtechnologies_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001829126-24-005203
- JSON: https://secwatch.observer/filing/0001829126-24-005203.json
- Plain text: https://secwatch.observer/filing/0001829126-24-005203.txt

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