debt
confidence high
sentiment neutral
materiality 0.55
Advent Technologies secures CHF 500,000 secured note; appoints lender Chris Antonopoulos to board
ADVENT TECHNOLOGIES HOLDINGS, INC.
- Secured promissory note of CHF 500,000 at 8.5% interest, due Jan 7, 2027; secured by all assets and IP.
- Lender may convert principal and interest into common stock at avg of three lowest trade prices in prior 30 days.
- Automatic conversion into common stock upon qualified financing of at least $25M gross proceeds.
- Chris Antonopoulos appointed as Class II director until 2028 annual meeting; note includes most-favored-nation clause.
- Proceeds to be used for working capital and to identify a financial advisor to secure long-term investment partner.