Advent Technologies Holdings, Inc. Enters into Purchase Agreement for Up to $52,000,000 of Common Stock

Strategic Insights -

Advent Technologies Holdings, Inc. has filed a Current Report with the U.S. Securities and Exchange Commission, disclosing the entry into a purchase agreement with Hudson Global Ventures, LLC. The agreement enables Advent to sell up to $52,000,000 worth of common stock to Hudson over a 24-month term. The purchase price per share will be equal to the lesser of 84% of the closing price of Advent's common stock on the Nasdaq on the trading day immediately preceding the date of the put notice or 84% of the lowest closing price of the common stock during the valuation period.

Key Takeaways:

  • Advent Technologies Holdings, Inc. has filed a Current Report with the U.S. Securities and Exchange Commission, disclosing the entry into a purchase agreement with Hudson Global Ventures, LLC.
  • The agreement enables Advent to sell up to $52,000,000 worth of common stock to Hudson over a 24-month term.
  • The purchase price per share will be equal to the lesser of 84% of the closing price of Advent's common stock on the Nasdaq on the trading day immediately preceding the date of the put notice or 84% of the lowest closing price of the common stock during the valuation period.
  • The purchase agreement contains customary representations, warranties, covenants, closing conditions, and indemnification and termination provisions.
  • Advent has agreed not to enter into any other "Equity Line of Credit" or "Variable Rate Transaction" without Hudson's prior written consent for a period of 12 months from the date of the purchase agreement or until the purchase agreement is no longer in effect.
  • The net proceeds from the sale of common stock will depend on the frequency and prices at which the shares are sold to Hudson.
  • Any proceeds received by Advent will be used for working capital and general corporate purposes.

Statistics:

  • $52,000,000: The maximum amount of common stock that Advent can sell to Hudson under the purchase agreement.
  • 24 months: The term of the purchase agreement.
  • 84%: The lower percentage of the closing price of Advent's common stock or the lowest closing price during the valuation period that will be used to determine the purchase price per share.
  • 534,031: The maximum number of shares of Advent's common stock that can be sold to Hudson under the purchase agreement.

Sources:

  • UNITED STATES SECURITIES AND EXCHANGE COMMISSION (August 18, 2025)
  • FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934