- Advent Technologies (ADN, Financial) has received a late filing notice from Nasdaq.
- Non-compliance due to delays in filing Q1 2025 Form 10-Q and 2024 Form 10-K.
- ADN must submit a compliance plan by June 16, 2025, to avoid delisting risks.
Advent Technologies Holdings, Inc. (ADN) has been notified by the Nasdaq Listing Qualifications Department of a breach in compliance due to delayed financial report filings. The company failed to submit its Q1 2025 Form 10-Q by the May 15, 2025 deadline and its 2024 Annual Report Form 10-K by March 31, 2025.
The notification from Nasdaq, received on May 22, 2025, does not immediately affect ADN's listing status. However, the company must submit a compliance plan by June 16, 2025. If the plan is accepted, Nasdaq may grant an extension until October 13, 2025, for ADN to regain compliance. Nonetheless, acceptance of the plan is not guaranteed, and failure to comply by the final deadline could result in delisting.
Advent Technologies, headquartered in Livermore, CA, specializes in the development and manufacturing of fuel cell systems and components for renewable energy sectors. The company plans to submit the required compliance plan by the stipulated deadline.