Advent Technologies’ Merger With AMCI Acquisition Corp.

Ropes & Gray LLP served as legal advisor to Advent, while Ellenoff, Grossman & Schole LLP served as legal advisor to AMCI in the transaction.

Advent Technologies closed its agreement to become a wholly-owned subsidiary of AMCI Acquisition Corp. The transaction was announced on Oct. 13.

The capital from this transaction, combined with AMCI’s expertise, will advance the development and manufacturing of Advent’s next-generation fuel cell technology for the markets of transportation, aviation, and off-grid power generation.

The business combination values Advent at a $358 million pro forma post-money enterprise value at a share price of $10.00, assuming no redemptions by AMCI shareholders and no purchase price adjustments.

Advent Technologies is an innovation-driven company in the fuel cell and hydrogen technology space.

Publicly-listed AMCI is a blank-check company incorporated for the purpose of effecting a merger or other transaction with one or more businesses that are critical to the growing urbanization, electrification and infrastructure needs of the world.

Cantor Fitzgerald served as financial advisor to Advent. Jefferies LLC served as capital markets advisor to AMCI.

The Ropes & Gray team that represented Advent Technologies was led by private capital transactions partner Carl Marcellino (New York; Picture) and strategic transactions partner Paul Tropp(New York), and included employment, executive compensation & benefits partners Danna Kivell (New York) and Megan Bisk (Boston) and tax partner Elaine Murphy (Boston).

Involved fees earner: Megan Bisk – Ropes & Gray; Danna Kivell – Ropes & Gray; Carl Marcellino – Ropes & Gray; Elaine Murphy – Ropes & Gray; Paul Tropp – Ropes & Gray;

Law Firms: Ropes & Gray;

Clients: Advent Technologies;


Author: Ambrogio Visconti