Advent Technologies Receives Nasdaq Notification Regarding Compliance with Listing Requirements and Appoints Three New Directors
Advent Technologies Holdings, Inc. (NASDAQ: ADN), an innovation-driven leader in the fuel cell and hydrogen technology sectors, today announced that it has received a letter from the Listing Qualifications Department of the Nasdaq Stock Market (“Nasdaq”) confirming that the Company has rectified its previous deficiency related to the filing of its annual report on Form 10-K on August 13, 2024. The letter also informed Advent Technologies that it remains noncompliant with Nasdaq Listing Rule 5250(c)(1) due to the delayed filing of its Quarterly Reports on Form 10-Q for the periods ended March 31, 2024 (the “First Quarter 10-Q”) and June 30, 2024 (the “Second Quarter 10-Q” and, together with the First Quarter 10-Q, the “Delinquent Reports”). The Nasdaq letter has no immediate impact on the listing or trading of Advent Technologies’ shares.
Nasdaq has granted the Company an extension to file the Delinquent Reports until October 14, 2024. Advent Technologies is actively working to complete the necessary filings and is committed to regaining full compliance within the given timeframe.
Additionally, the Company announced, effective August 30, 2024, the resignation of each of Nora Goudroupi, Anggelos Skutaris, Larry Epstein, Wayne Threatt and Von McConnell from its Board of Directors, and the appointment of Gary Herman as a Class I member of the Board of Directors of the Company and Marc Seelenfreund and Avtar Dhaliwal as Class II members of the Board of Directors of the Company, and as members of the Audit Committee of the Board of Directors of the Company.
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Advent Technologies Receives Nasdaq Notification Regarding Compliance with Listing Requirements and Appoints Three New Directors, source
