On June 16, 2022, Advent Technologies Holdings, Inc., a Delaware corporation (the “Company”), announced the receipt of a notification from the Greek State informing the Company that the Important Project of Common European Interest (“IPCEI”) Green HiPo was submitted for ratification by the European Union for funding of 782.1 million euros, spread over the next six years. The Green HiPo project is designed to bring the development, design, and manufacture of HT-PEM fuel cells and electrolysers for the production of power and green hydrogen to the Western Macedonia region of Greece.