$Advent Technologies (ADN.US)$ NEWS Advent Technologies Hold...
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Advent Technologies Holdings Announces Effective Date of Reverse Stock Split
Advent Technologies Holdings, Inc. announced a 1-for-30 reverse stock split of its common stock, effective May 13, 2024, to meet Nasdaq's minimum bid price requirement. The split will reduce outstanding shares from 77.6 million to 2.6 million, with no fractional shares issued. Stockholders will receive a proportional cash payment for any fractional shares. This move aims to make the stock more appealing to investors.
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