Gevo Exceeds $1.5B in Long-Term Revenue Contracts with Signing of Trafigura
Gevo and Trafigura Enter into Contract for Low-Carbon Premium Gasoline and Sustainable Aviation Fuel
This is our largest single contract to date, and with it, brings Gevo to over $1.5B of revenue in long term contracts when added to the other contracts we have in place.
Under this contract Trafigura is expected to take delivery of 25MPGY of renewable hydrocarbons, the majority of which is expected to be low-carbon premium gasoline with a smaller portion of the volume for sustainable aviation fuel (“SAF”), starting in 2023.
The Agreement is a long term, take or pay contract and is the largest contract in Gevo’s history.
finance.yahoo.com/ne...-long-130000136.html
finance.yahoo.com/ne...igher-145321169.html
Gevo, Inc. Announces $50 Million Registered Direct Offering Priced At-the-Market under Nasdaq Rules
has entered into definitive agreements with institutional and accredited investors for the sale of an aggregate of 38,461,545 shares of common stock (or common stock equivalents) at a purchase price of $1.30 per share in a registered direct offering priced at-the-market under Nasdaq rules. The offering is expected to close on or about August 25, 2020, subject to the satisfaction of customary closing conditions.
finance.yahoo.com/ne...llion-034800214.html
Gevo and Trafigura Enter into Contract for Low-Carbon Premium Gasoline and Sustainable Aviation Fuel
This is our largest single contract to date, and with it, brings Gevo to over $1.5B of revenue in long term contracts when added to the other contracts we have in place.
Under this contract Trafigura is expected to take delivery of 25MPGY of renewable hydrocarbons, the majority of which is expected to be low-carbon premium gasoline with a smaller portion of the volume for sustainable aviation fuel (“SAF”), starting in 2023.
The Agreement is a long term, take or pay contract and is the largest contract in Gevo’s history.
finance.yahoo.com/ne...-long-130000136.html
finance.yahoo.com/ne...igher-145321169.html
Gevo, Inc. Announces $50 Million Registered Direct Offering Priced At-the-Market under Nasdaq Rules
has entered into definitive agreements with institutional and accredited investors for the sale of an aggregate of 38,461,545 shares of common stock (or common stock equivalents) at a purchase price of $1.30 per share in a registered direct offering priced at-the-market under Nasdaq rules. The offering is expected to close on or about August 25, 2020, subject to the satisfaction of customary closing conditions.
finance.yahoo.com/ne...llion-034800214.html
Trade active:
There is no dilution associated with a direct offering
Trade active:
Direct Offering $1.30 (GOOD). This means;
1.) No new shares will be issued, only existing shares will be sold. (NO DILUTION)
2.) Pricing at $1.30, shows the company and investor are convinced that stock will stay well above that price, otherwise they wouldn't buy.
1.) No new shares will be issued, only existing shares will be sold. (NO DILUTION)
2.) Pricing at $1.30, shows the company and investor are convinced that stock will stay well above that price, otherwise they wouldn't buy.