Nov. 20 at 2:51 PM
$ADN
Most of Work Package 1 is done. Financial closure and first milestone payment are next.
First payment will be UP TO 40% of
$34.5M grant= UP TO non-dilutive
$13.8M payment.
EU reports that small scale projects are starting to reach “Financial Closure” milestone much sooner than the previous 10-12 month average. Advent’s Grant Agreement signed with EU on 3/2/2025.
Don’t forget that Advent’s project was ranked best out of all EU project submissions.