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-0.00917431192660551 -0.00899082568807342 0 -0.00917431192660551 -0.0321100917431192 0.0108256880733945 -0.018348623853211 -0.0275229357798165
Stock impact report

Gevo Provides Business Update

Gevo, Inc. (GEVO) 
Last gevo, inc. earnings: 11/12 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.gevo.com
Company Research Source: GlobeNewswire
ENGLEWOOD, Colo., Sept. 08, 2020 (GLOBE NEWSWIRE) -- Gevo, Inc. (“Gevo”) (NASDAQ: GEVO), today provided an update on its business and strategic plans. Highlights: Gevo recently raised approximately $46 million, net of expenses, from a Registered Direct Offering and approximately $16 million as a result of warrant exercises. This capital infusion substantially improves Gevo’s ability to execute on its strategic plans.Gevo continues to pursue a licensing and developer strategy that is expected to enable the construction of up to three production facilities and capacity expansions. The production facilities and expansions are needed to provide the product required under its existing and expected, future take-or-pay, off-take agreements.  The licensing and developer strategy should reduce or eliminate the need for Gevo construction capital by utilizing project-level debt and third-party equity. Gevo continues to seek a targeted capital raise of ~$200 million of project-level equity us Show less Read more
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