ADVENT TECHNOLOGIES HOLDINGS, INC. (ADN) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
ADN currently has 3.79M outstanding shares. with significant dilution risk as 66.1M authorized shares could dilute existing holders by 1743.7%. The company has significantly diluted shareholders by 46.37% over the past 2 years, indicating aggressive capital raising.
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| Nov 17, 2025 |
10-Q filing | 3.8M shares outstanding |
3.8M | 66M |
| Sep 04, 2025 |
8-K filing: Advent Technologies Holdings, Inc. entered into a Securities Purchase Agreement with Hudson Global Ventures LLC, issuing a Convertible Promissory Note for $418,000 and a pre-funded warrant to purchase 130,000 shares of common stock. |
2.6M | 67M |
| Aug 07, 2025 |
8-K filing: Advent Technologies Holdings, Inc. entered into a Securities Purchase Agreement with Hudson Global Ventures LLC, resulting in a loan of $235,000 and the issuance of a pre-funded warrant to purchase 130,000 shares of common stock. |
2.6M | 67M |
| Jun 30, 2025 |
10-Q filing | 2.6M shares outstanding |
2.6M | 67M |
| Jun 06, 2025 |
10-K filing | 2.6M shares outstanding |
2.6M | 67M |
| Dec 27, 2024 |
10-Q filing | 2.6M shares outstanding |
2.6M | 67M |
| Oct 15, 2024 |
10-Q filing | 2.6M shares outstanding |
2.6M | 67M |
| Oct 15, 2024 |
10-Q filing | 2.6M shares outstanding |
2.6M | 67M |
| Aug 13, 2024 |
10-K filing | 2.6M shares outstanding |
2.6M | 67M |
| Dec 27, 2023 |
8-K filing: Advent Technologies Holdings, Inc. entered into a Securities Purchase Agreement to issue and sell 10,000,000 shares of common stock at $0.20 per share in a registered direct offering, resulting in gross proceeds of $2,000,000. ($2.0M proceeds) |
60M | 9.5M |
| Nov 14, 2023 |
10-Q filing | 60.4M shares outstanding |
60M | 9.5M |
| Aug 14, 2023 |
10-Q filing | 60.0M shares outstanding |
60M | 9.9M |
| May 15, 2023 |
10-Q filing | 52.0M shares outstanding |
52M | 18M |
| Apr 21, 2023 |
S-3 filing: The filing is an S-3 form for a shelf offering of common stock, preferred stock, and debt securities with an aggregate offering price not exceeding $200,000,000. Also registers the resale of 50,635,593 shares of common stock by a selling stockholder. |
52M | 18M |
| Apr 11, 2023 |
8-K filing: Advent Technologies Holdings, Inc. entered into a purchase agreement with Lincoln Park Capital Fund, LLC, allowing the Company to sell up to $50,000,000 worth of shares of its common stock over a 36-month period, and issued 635,593 Commitment Shares to Lincoln Park as consideration for its commitment. |
52M | 0 |
| Mar 31, 2023 |
10-K filing | 51.5M shares outstanding |
52M | 0 |
| Dec 21, 2022 |
POS AM filing: This is a post-effective amendment to combine prospectuses from two prior registration statements, convert them to a Form S-3, and update the prospectus for the offering and sale of common stock, placement warrants, and working capital warrants. |
52M | 0 |
| Nov 14, 2022 |
10-Q filing | 51.7M shares outstanding |
52M | 0 |
| Aug 09, 2022 |
10-Q filing | 51.5M shares outstanding |
51M | 0 |
| May 12, 2022 |
10-Q filing | 51.3M shares outstanding |
51M | 0 |
| Apr 21, 2022 |
S-1 filing: This S-1 filing registers the resale of up to 10,152,865 shares of common stock by selling securityholders. |
51M | 0 |
| Apr 15, 2022 |
POS AM filing: This POS AM filing registers the issuance of common stock upon exercise of warrants and the resale of common stock and warrants by selling securityholders. |
51M | 0 |
| Mar 31, 2022 |
10-K filing | 51.3M shares outstanding |
51M | 12M |
| Nov 15, 2021 |
10-Q filing | 48.3M shares outstanding |
48M | 15M |
| Sep 01, 2021 |
8-K filing: Issuance of 5,124,846 shares of Common Stock to the Seller on August 30, 2021, pursuant to Section 4(a)(2) of the Securities Act of 1933. |
46M | 17M |
| Aug 12, 2021 |
10-Q filing | 46.1M shares outstanding |
46M | 17M |
| May 20, 2021 |
10-Q filing | 46.1M shares outstanding |
46M | 17M |
| Mar 26, 2021 |
10-K filing | 5.5M shares outstanding |
5.5M | 57M |
| Mar 26, 2021 |
S-1/A filing: The filing registers the issuance of common stock upon exercise of warrants and the resale of common stock and warrants by selling securityholders. |
46M | 17M |
| Feb 16, 2021 |
S-1 filing: The filing registers the issuance of common stock upon warrant exercise and resale of common stock and warrants by selling securityholders. |
46M | 17M |
| Dec 22, 2020 |
8-K filing: AMCI Acquisition Corp. entered into subscription agreements with PIPE Investors to purchase 6,500,000 shares of Class A Common Stock at $10.00 per share for an aggregate commitment of $65,000,000 in a private placement. ($65.0M proceeds) |
9.1M | 0 |
| Nov 24, 2020 |
RW filing: This is a request to withdraw a registration statement on Form S-4 for 25,500,000 shares of common stock due to a future refiling. |
9.1M | 0 |
| Nov 12, 2020 |
10-Q filing | 9.1M shares outstanding |
9.1M | 0 |
| Oct 16, 2020 |
8-K filing: AMCI Acquisition Corp. entered into a Merger Agreement with Advent Technologies Inc., where Merger Sub will merge with Advent, and Advent stockholders will receive new shares of AMCI Class A Common Stock valued at $10.00 per share, with AMCI changing its name to Advent Technologies Holdings Inc. ($250.0M proceeds) |
15M | 0 |
| Aug 10, 2020 |
10-Q filing | 14.9M shares outstanding |
15M | 0 |
| May 11, 2020 |
10-Q filing | 5.5M shares outstanding |
5.5M | 0 |
| Mar 27, 2020 |
10-K filing | 22.1M shares outstanding |
22M | 0 |