ZombieClean Energy
What Happened to Advent Technologies Holdings?
Ticker: ADNHSPAC Year: 2018
Return
-96.3%
Current Price
$0.37
Peak Price
$576.3
Trust Size
$7M
Summary
Advent Technologies Holdings develops and manufactures advanced hydrogen fuel cell and electrolyzer membrane electrode assemblies (MEAs) for clean energy applications.
What Happened
Advent Technologies went public in February 2021 through a SPAC merger with AMCI Acquisition Corp. The company develops high-temperature proton exchange membrane (HT-PEM) fuel cell technology that can use various fuels including hydrogen, natural gas, and methanol. Despite the hydrogen economy hype, Advent has struggled with revenue generation and the stock has collapsed, with a reverse stock split executed.
Timeline
2018-11-09
S-1 Registration Filed
Risk Indicators
⚠️ Reverse Split