Gevo offers stock warrants; fund working capital
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Gevo offers stock and warrants; to fund working capital

7:34 AM, 8th September 2016
Gevo offers stock and warrants; to fund working capital

ENGLEWOOD, US: Gevo Inc said it intends to offer and sell, Series E units, with each Series E unit consisting of one share of common stock and Series I warrants to purchase a certain number of shares of common stock.

Gevo currently intends to use the net proceeds from the offering, to fund working capital and for other general corporate purposes.

The company is also offering Series F units, in lieu of Series E units, to those purchasers whose purchase of additional Series E units in the offering would result in the purchaser beneficially owning more than 4.99 percent of Gevo’s outstanding common stock following the completion of the offering. The Series F units will consist of pre-funded warrants to purchase one share of common stock and Series I warrants to purchase a certain number of shares of common stock.

Oppenheimer & Co Inc is acting as sole underwriter, the company said.

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