Advent(ADN)

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Advent(ADN) - 2020 Q3 - Quarterly Report
2020-11-12 21:50
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-38615 AMCI Acquisition Corp. (Exact name of registrant as specified in its charter) Delaware 83-0982969 (State or other jurisdicti ...
Advent(ADN) - 2020 Q2 - Quarterly Report
2020-08-10 20:33
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2020 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-38615 AMCI Acquisition Corp. (Exact name of registrant as specified in its charter) Delaware 83-0982969 (State or other jurisdiction of ...
Advent(ADN) - 2020 Q1 - Quarterly Report
2020-05-11 20:06
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2020 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-38615 AMCI ACQUISITION CORP. (Exact name of registrant as specified in its charter) Delaware 83-0982969 (State or other jurisdiction o ...
Advent(ADN) - 2019 Q4 - Annual Report
2020-03-27 20:32
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 1501 Ligonier Street, Suite 370 Latrobe, PA 15650 (Address of principal executive offices) (Zip Code) Title of Each Class Trading Symbol(s) Name of Each Exchange on Which Registered Common Stock, par value $0.0001 per share AMCI The NASDAQ Stock Market LLC Warrants to purchase one share of Common Stock AMCIW The NASDAQ Stock Market LLC Units, each consisting of one share of Common Stock and one Warrant AMCIU The NASDAQ Stock Market LLC ...
Advent(ADN) - 2019 Q3 - Quarterly Report
2019-11-12 22:18
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2019 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-38615 AMCI ACQUISITION CORP. (Exact name of registrant as specified in its charter) Delaware 83-0982969 (State or other jurisdicti ...
Advent(ADN) - 2019 Q2 - Quarterly Report
2019-08-09 20:27
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2019 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-38615 AMCI ACQUISITION CORP. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or or ...
Advent(ADN) - 2019 Q1 - Quarterly Report
2019-05-15 21:12
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2019 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-38615 AMCI ACQUISITION CORP. (Exact name of registrant as specified in its charter) Delaware 83-0982969 (State or other jurisdiction o ...
Advent(ADN) - 2018 Q4 - Annual Report
2019-04-01 21:01
Acquisition Strategy - The company is focused on acquiring middle market companies or assets valued between $500 million and $1.0 billion of enterprise value in the Natural Resources and METS sectors[16]. - The management team has invested over $1.5 billion in more than 40 Natural Resource and METS transactions, indicating extensive experience in the sector[13]. - Current market conditions have led to many Natural Resources and METS companies facing undercapitalization, increasing the number of investment opportunities[13]. - The management team believes that capital constraints in the natural resource value chain present attractive acquisition opportunities[16]. - The company intends to utilize a research-intensive, analytical process to source investment opportunities, leveraging the management team's industry experience[19]. - The management team is expected to improve the strategic and operational performance of acquired assets and businesses[20]. - The management team will conduct disciplined valuation analyses and rigorous due diligence as part of the acquisition process[19]. - The company may pursue an Affiliated Joint Acquisition with entities affiliated with its Executive Chairman and sponsor, contingent on regulatory compliance and mutual benefits[25]. - The management team has extensive experience and relationships in the Natural Resources and METS sectors, enhancing the potential for business combinations[36]. Financial Resources - The company has $221,060,045 available for an initial business combination, before deducting $7,718,227 in deferred underwriting fees[45]. - The contingent forward purchaser has a contract to buy up to 5,000,000 units at $10.00 each, totaling up to $50,000,000[30]. - The company intends to effectuate its initial business combination using cash from its initial public offering, private placement warrants, and a contingent forward purchase contract of up to $50,000,000 to purchase up to 5,000,000 units[46]. - The company may seek to raise additional funds through private offerings of debt or equity securities to target larger businesses than those that could be acquired with the net proceeds from the initial public offering[48]. - The company has access to approximately $886,279 from the proceeds of its initial public offering held outside the trust account as of December 31, 2018[90]. Business Combination and Redemption - The company aims to complete one or more business combinations with an aggregate fair market value of at least 80% of the value of the assets held in the trust account[24]. - The company aims to acquire at least 50% of the voting securities of the target business to avoid registration as an investment company[26]. - The company will provide public stockholders the opportunity to redeem shares at a price equal to the amount in the trust account divided by the number of outstanding public shares[64]. - The company intends to redeem public shares if it cannot complete its initial business combination by May 20, 2020, which will extinguish stockholders' rights[93]. - The company cannot redeem public shares if it would cause net tangible assets to fall below $5,000,001 upon consummation of the initial business combination[71]. - If stockholders tender more shares than offered, the tender offer will be withdrawn, and the initial business combination will not be completed[68]. - Public stockholders are restricted from seeking redemption rights for more than 15% of the shares sold in the initial public offering, referred to as "Excess Shares"[73]. - The redemption price will be equal to the aggregate amount in the trust account divided by the number of outstanding public shares, minus up to $100,000 for dissolution expenses[80]. - If the initial business combination is not completed by May 20, 2020, the company will cease operations, redeem public shares, and liquidate[80]. - The per-share redemption amount for stockholders upon dissolution is projected to be $10.00, but actual amounts may be lower due to creditor claims[85]. Regulatory and Compliance - The company is classified as an "emerging growth company," allowing it to take advantage of certain exemptions from reporting requirements[41]. - The company intends to remain an emerging growth company until it meets specific revenue or market value thresholds[44]. - The company will provide public stockholders the opportunity to redeem shares of Class A common stock upon completion of the initial business combination, either through a stockholder meeting or a tender offer[65]. - If stockholder approval is required, the company will conduct redemptions in conjunction with a proxy solicitation and file proxy materials with the SEC[69]. - A quorum for the stockholder meeting requires a majority of the voting power, and only 37.5% of public shares (8,269,529 out of 22,052,077) need to vote in favor for the initial business combination to be approved[70]. - The company’s sponsor, officers, and directors have waived rights to liquidating distributions from the trust account for founder shares if the initial business combination is not completed by the deadline[81]. - The company is required to evaluate its internal control procedures for the fiscal year ending December 31, 2019, as mandated by the Sarbanes-Oxley Act[102]. Risks and Challenges - The company may face competition from other entities with similar business objectives, which could limit its ability to acquire larger target businesses[23]. - The company plans to focus its search for an initial business combination in a single industry, which may expose it to risks associated with a lack of diversification[54]. - The company has not secured third-party financing for its initial business combination, and there is no assurance that it will be available[45]. - The company does not currently anticipate engaging professional firms for business acquisitions but may do so in the future if deemed beneficial[50]. - The company has sought waivers from vendors and service providers regarding claims to the trust account, but there is no guarantee these will be executed[86]. - Stockholders may be liable for claims by third parties to the extent of distributions received in a dissolution scenario[91]. - If the trust account proceeds fall below $10.00 per public share due to asset value reductions, the company cannot assure that stockholders will receive this amount[89]. - The company has not reserved for indemnification obligations related to claims against the trust account, raising concerns about the ability to satisfy such obligations[88]. Operational Structure - The company has agreed to pay an affiliate of its sponsor a total of $10,000 per month for office space and administrative support[50]. - The company currently has four officers who are not obligated to devote specific hours to its affairs until the initial business combination is completed[99]. - Financial statements of prospective target businesses will be provided to stockholders as part of the tender offer materials, which may limit the pool of potential targets[101].