Advent Technologies Entered Into A Securities Purchase Agreement And 1-Year Revolving Line Of Credit For Up To $3M In Debt From Institutional Investor
Portfolio Pulse from Benzinga Newsdesk
Advent Technologies Holdings, Inc. (NASDAQ:ADN) has entered into a Securities Purchase Agreement with an institutional investor for a $1M loan and a $2M revolving line of credit, contingent on the filing of a Registration Statement on Form S-1 for a public offering.
August 05, 2024 | 8:12 pm
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Advent Technologies Holdings, Inc. (NASDAQ:ADN) has secured a $1M loan and a $2M revolving line of credit from an institutional investor, contingent on a public offering.
The secured loan and revolving line of credit provide Advent Technologies with immediate financial support and potential future liquidity, which is positive for the company's short-term financial stability and growth prospects.
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