price up icon3.86%   0.14
pre-market  Pre-market:  3.77  

Why is Advent Technologies Holdings Inc (ADN) Stock down?

We've noticed a 5.71% decline in Advent Technologies Holdings Inc (ADN) stock during the 2024-07-11 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
22 Dec, 2023:

Advent Technologies Holdings Inc (ADN) stock dropped by 32.76% due to the announcement of a registered direct offering of 10,000,000 shares of common stock at a per-share price of $0.20, resulting in $2,000,000 in gross proceeds. The offering, expected to close around December 27, 2023, involved institutional and accredited investors and was facilitated by Joseph Gunnar & Co., LLC. The offering adhered to SEC regulations and was made under a previously filed shelf registration statement. Investor sentiment reacted to this announcement, leading to the substantial decline in ADN's stock price on that day.

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