Advent Technologies Stockholders Approve Key Strategic Proposals

Advent Technologies Holdings (ADN) has issued an update.

Advent Technologies Holdings, Inc. successfully held its Special Meeting of Stockholders on April 29, 2024, where two key proposals were approved. The first was an amendment for a reverse stock split of the company’s common stock at a ratio decided by the board, which received a favorable majority vote. The second proposal, which also passed, allows an increase in the number of shares available under the company’s Equity Incentive Plan. Both proposals are indicative of strategic steps that could influence the company’s stock value and appeal to shareholders.

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