NEW YORK, NY / ACCESSWIRE / April 25, 2017 / Traders News Source, a leading independent equity research and corporate access firm focused on small and micro-cap public companies is issuing a comprehensive report with no obligation on Gevo, Inc. (GEVO), a renewable chemicals and next generation biofuels company headquartered in Englewood, Colorado. The company has two principal operating segments, Gevo, Inc. and Gevo Development / Agri-Energy. The Gevo, Inc. segment is responsible for research development activities, the production and sale of biojet fuel, and retrofitting. The Gevo, Inc. segment also develops, maintains, and protects the company's intellectual property portfolio and provides general corporate oversight services. The Gevo Development / Agri-Energy segment is responsible for the operation of the Agri-Energy Facility and the production of ethanol and isobutanol.
GEVO's product line, proprietary processes and potential revenue sources are discussed in this analyst review: READ MORE.
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On April 20, 2017, Gevo announced that it had reached an agreement to exchange $16.5 million in senior secured convertible notes due June 23, 2017. The lender, WB Gevo, Ltd. (Whitebox), has agreed to exchange the 2017 notes for newly-created senior secured convertible notes due March 15, 2020.
The 2020 notes accrue interest at a rate of 12 percent per annum, with 10 percent payable in cash and two percent as payable-in-kind interest (i.e. interest that increases the principal balance of the notes). The 2020 notes are convertible into shares of common stock at the lesser of $1.196 per share or a 15 percent premium to the closing price on the date of the closing of the exchange agreement.
This agreement may resolve a major source of uncertainty for the company READ MORE
Copy and paste to your browser may be required to view the report - http://tradersnewssource.com/gevo/
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SOURCE: Traders News Source