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(State or other jurisdiction of incorporation)
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(Commission File Number)
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(IRS Employer Identification No.)
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Title of Each Class
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Trading Symbol(s)
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Name of Each Exchange on Which Registered
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item 7.01 |
Regulation FD Disclosure.
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Item 8.01 |
Other Events.
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Item 9.01. |
Financial Statements and Exhibits.
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Exhibit No.
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Description
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99.1
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99.2
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AMCI ACQUISITION CORP.
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By:
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/s/ William Hunter
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Name: William Hunter
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Title: Chief Executive Officer
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Dated: October 13, 2020
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• |
Advent’s technology represents the missing piece in fuel cells and advanced materials to
unlock the hydrogen economy – Advent’s High Temperature Proton Exchange Membranes and Membrane Electrode Assemblies are not only critical to advanced fuel cells, but help dramatically reduce
the costs and increase the life and durability of the products to the end-user.
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• |
Advent’s technology is market agnostic – Unlike traditional fuel cells that require a hydrogen infrastructure, Advent’s fuel cells can work with lower-carbon fuels available today (methanol,
ethanol, natural gas) and zero-carbon liquid fuels available soon. Thus, Advent can deliver the promise of the hydrogen economy while limiting the cost of hydrogen infrastructure. Advent’s materials and components also have applications
across other non-fuel cell markets including energy storage, electrochemical sensors, and green hydrogen production.
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• |
Advent is positioned for growth – Advent’s MEA
products are already being used and tested for use by a number of top tier customers and the Company will be able to scale to a broad customer base across multiple markets.
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Advent has a proven business model – Advent has a
proven, scalable business model that delivers consistent and recurring revenue, with an approximately $100m revenue opportunity per 1GW of customer demand.
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Experienced management team with operational and technical expertise – Advent’s management team has a proven track record of technological development and commercialization, delivering
breakthrough technology in partnership with world-class research centers. The team is highly skilled in production ramp-up and ready to execute on the combined company’s growth plan.
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• |
Attractive valuation – The transaction valuation is extremely favorable relative to the existing comparable companies in the space. This provides a potential upside for new and existing
shareholders to see significant performance in the share price going forward.
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• |
Support from Advent shareholders – Advent’s
existing shareholders will be rolling 100% of their equity into the combined company (subject to Advent stockholder approval of the transaction) exhibiting their confidence in the growth prospects of Advent.
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