Advent Technologies Holdings Inc ADN shares are trading lower by 33% to $0.21 Friday morning after the company announced it is raising $2 million through a registered direct offering of 10 million shares of common stock priced at $0.20 per share.
The deal involves institutional and accredited investors and is set to finalize around December 27, pending standard closing requirements.
Joseph Gunnar & Co., LLC is the exclusive placement agent handling the offering.
See Also: Fed's Favorite Inflation Gauge Cools More Than Expected
According to data from Benzinga Pro, ADN has a 52-week high of $2.09 and a 52-week low of $0.20.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
