debt
confidence high
sentiment neutral
materiality 0.35
Advent Technologies enters $418K convertible note financing with Hudson Global Ventures
ADVENT TECHNOLOGIES HOLDINGS, INC.
- Principal $418,000 with $42,000 OID, net proceeds $376,000; 12% annual interest.
- Eleven monthly amortization payments of $38,000 starting Oct 1, 2025; maturity Aug 1, 2026.
- Convertible at $2.00 per share; also issued pre-funded warrant for 130,000 shares at $0.0001.
- Proceeds to be used for corporate expenses and general working capital.
- Prepayment penalty of 118% (100% if prepaid by Oct 1, 2025).
item 1.01item 3.02item 9.01