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Thursday, June 09, 2016 7:10:19 PM
Gevo, Inc. (MM) (NASDAQ:GEVO)
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Today : Thursday 9 June 2016
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Gevo, Inc. (NASDAQ:GEVO), a leading renewable chemicals and next-generation biofuels company, announced today that it intends to offer and sell shares of common stock, subject to market and other conditions. The shares of common stock are to be sold by Gevo, subject to market and other conditions, in a best efforts public offering.
Gevo currently intends to use the net proceeds from the offering to fund working capital and for other general corporate purposes.
In connection with the offering, Cowen and Company, LLC is acting as sole book-running manager and representative of the several placement agents participating in the offering, and Rodman & Renshaw, a unit of H.C. Wainwright & Co., LLC, is acting as lead manager.
A shelf registration statement relating to the shares of common stock to be issued in the proposed offering was filed with the Securities and Exchange Commission (SEC) and is effective. This press release does not constitute an offer to sell, or the solicitation of an offer to buy, these securities, nor will there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale is not permitted.
Gevo, Inc.
This prospectus supplement (“Prospectus Supplement”) modifies, supersedes and supplements information contained in, and should be read in conjunction with, that certain prospectus, dated May 15, 2013, as supplemented by the prospectus supplements dated December 8, 2015 and March 29, 2016, which together form a part of a registration statement filed by Gevo, Inc. (the “Company”) with the U.S. Securities and Exchange Commission utilizing a “shelf” registration process (the “Prospectus”).
This Prospectus Supplement may add or update information contained in the Prospectus and the documents incorporated by reference therein. To the extent that any statement we make in this Prospectus Supplement is inconsistent with statements made in the Prospectus or any documents incorporated by reference therein, the statements made in this Prospectus Supplement will be deemed to modify or supersede those made in the Prospectus and such documents incorporated by reference therein. We may amend or supplement the Prospectus from time to time by filing amendments or supplements as required. You should read the entire Prospectus and any amendments or supplements carefully before you make an investment decision.
This Prospectus Supplement is not complete without, and may not be delivered or utilized except in connection with the Prospectus, including any amendments or supplements thereto.
As permitted by Section 2(a) of the Series H Warrants to Purchase Common Stock (the “Series H Warrants”), on Tuesday, June 7, 2016, the board of directors of the Company approved a voluntary reduction of the exercise price for 3,000,000 of the outstanding Series H Warrants, from the current exercise price of $0.75 per share of common stock to $0.42 per share of common stock, for the remaining term of these warrants. Except for the reduction in exercise price, the terms of these Series H Warrants remain unchanged.
In addition, as permitted by Section 2(a) of the Series H Warrants to Purchase Common Stock, on Tuesday, June 7, 2016, the board of directors of the Company also approved a voluntary reduction of the exercise price for 2,000,000 of the outstanding Series H Warrants, from the current exercise price of $0.75 per share of common stock to $0.52 per share of common stock, for the remaining term of these warrants. Except for the reduction in exercise price, the terms of these Series H Warrants remain unchanged.
The board of directors of the Company reserves the right, in accordance with the terms of the Series H Warrants, to reduce the exercise price of all or any portion of the Series H Warrants to any amount deemed appropriate by the board of directors of the Company, in its sole discretion.
As permitted by Section 9 of the Series D Warrants to Purchase Common Stock (the “Series D Warrants”), on Wednesday, June 8, 2016, the Company agreed with certain holders of the Series D Warrants to the amendment of the exercise price and the acceleration of the initial exercise date for 4,167,391 of the outstanding Series D Warrants held by such holders. Pursuant to that amendment agreement, with respect to 4,167,391 of the outstanding Series D Warrants held by those holders,
Our common stock is traded on the NASDAQ Capital Market under the symbol “GEVO.” On Monday, June 6, 2016, the last reported sale price of our common stock on the NASDAQ Capital Market was $0.40 per share. The Series H Warrants and the Series D Warrants are not and will not be listed for trading on the NASDAQ Capital Market, or any other securities exchange.
Recent GEVO News
- Form 8-K - Current report • Edgar (US Regulatory) • 03/07/2024 09:03:50 PM
- Gevo Reports Fourth Quarter and Full Year 2023 Financial Results • GlobeNewswire Inc. • 03/07/2024 09:01:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/04/2024 09:05:32 PM
- Gevo Hires Damien Perriman as Chief Business Development Officer • GlobeNewswire Inc. • 02/26/2024 02:00:00 PM
- Gevo to Participate in Upcoming Virtual Investor Meetings • GlobeNewswire Inc. • 02/08/2024 06:00:00 PM
- Gevo to Report Fourth Quarter 2023 Financial Results on March 7, 2024 • GlobeNewswire Inc. • 02/08/2024 02:01:00 PM
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 02/05/2024 05:15:22 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/24/2024 02:10:11 PM
- Gevo Provides Business Update • GlobeNewswire Inc. • 01/24/2024 02:05:00 PM
- Gevo Files New S-3 Ahead of Expiration, Updates ATM Agreement • GlobeNewswire Inc. • 01/16/2024 09:01:00 PM
- Form S-3 - Registration statement under Securities Act of 1933 • Edgar (US Regulatory) • 01/16/2024 02:05:05 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/03/2024 09:12:45 PM
- Gevo Announces Appointment of Katie Ellet to Board of Directors • GlobeNewswire Inc. • 01/03/2024 09:05:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 12/26/2023 09:47:19 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/26/2023 09:33:10 PM
- Gevo VP of Government Relations Lindsay Fitzgerald and VP of Finance & Strategy Eric Frey to Participate in a Water Tower Research Fireside Chat on Tuesday, December 19th at 10:00 am ET • GlobeNewswire Inc. • 12/18/2023 02:00:00 PM
- Gevo Statement on Treasury Guidance for SAF Tax Credit • GlobeNewswire Inc. • 12/15/2023 03:19:40 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/13/2023 09:48:31 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/13/2023 09:34:17 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 12/12/2023 09:07:08 PM
- Water Tower Research US Climate Virtual Investor Conference: Presentations Now Available for Online Viewing • GlobeNewswire Inc. • 12/08/2023 01:35:00 PM
- Water Tower Research US Climate Investor Conference Agenda Announced for December 7th, 2023 • GlobeNewswire Inc. • 12/04/2023 01:35:00 PM
- Gevo Chief Carbon and Innovation Officer and Head of Verity Carbon Solutions, Dr. Paul Bloom, to Participate in a Water Tower Research Fireside Chat on Tuesday, December 5th at 4:00 pm ET • GlobeNewswire Inc. • 12/01/2023 03:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/13/2023 09:22:42 PM
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