Gevo Inc (GEVO)

[Gunkslinger]

Bad gevo news. The gevo bagholders have nothing,the gevo corporate types have have all your cash. LOL!

Gevo priced the 4.3 million common stock units at $4 a common stock unit. Each common stock units consists of one common stock and one-tenth of a Series C warrant to purchase one share of common stock. The warrants will have an exercise price of $5.50 a share, and be exercisable from the state of the issuance and will expire on May 19, 2020.

The company said it expects gross proceeds of about $17.2 million from the offering, not including future proceeds from the exercise of the warrants. Gevo plans to use the proceeds from the offering to fund working capital and for general corporate purposes.