Verenium Corporation (VRNM)

[up-down]

VRNM OS: 11.7M on 11/06/2009

Common Stock outstanding as of November 6, 2009 was 11,715,228

250,000 shares authorized, 9,428,000 and 5,648,000 shares issued and outstanding at September 30, 2009

on September 9, 2009, the Company effected a reverse stock split of the outstanding shares of its common stock, with a par value of $0.001 per share, on the basis of one (1) new share of common stock for each 12 shares of common stock then outstanding.

Public Offering of Common Stock and Warrants

on October 6, 2009, the Company issued 2,250,000 shares of its common stock and warrants to purchase an additional 900,000 shares of common stock in an underwritten public offering at a price of $6.00 per unit, raising net cash proceeds of approximately $12.3 million.


Verenium Corporation engages in the development and production of specialty enzyme products, and production and commercialization of biofuels. It operates in North America, South America, Europe, Asia, and the Middle East. The company was formerly known as Diversa Corporation and changed its name to Verenium Corporation in June 2007 as a result of the merger with Celunol Corp. Verenium Corporation was founded in 1992 and is based in Cambridge, Massachusetts.

Ethanol and Biofuel Stocks ... looking like VRNM is due for a turn at bat!














...consumer electronics retailer turned alternative energy investment company Rex Stores (RSC)

Jan 7, 2010
The ethanol segment has been a hot topic ever since the U.S. EPA made positive comments relating to a recent lobby for E15 gasoline, which if approved, would boost the legal percentage of ethanol in gasoline by 50%.

A look at the Ethanol and Biofuel Stocks Index's six-month performance chart shows that after trading in tandem with the broad markets throughout the third quarter, ethanol stocks broke out in November. Over the last month the sector is mixed, with a bias towards the upside.

Enzyme products specialist Verenium (NASDAQ: VRNM - News) has shot up by 21% over the last month, leading the ethanol and biofuel segment as of yesterday's close. Braillian ethanol and sugar company Cosan (NYSE: CZZ - News) was close behind with a 19% one-month rally.

In today's session, Cosan, MGP Ingredients (NASDAQ: MGPI - News), and Green Plains Renewable Energy (NASDAQ: GPRE - News) are all slipping by more than -1% as the broad market takes a breather.