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Home» Stock Picks » Gevo, Inc. (GEVO): Hit the Bottom

Gevo, Inc. (GEVO): Hit the Bottom

Posted on March 12, 2017 by PennyStockHaven in Stock Picks

Great trade on Approach Resources Inc. (AREX), and now is:

Gevo, Inc. (GEVO): hugely diluted, heavily shorted, offered shares partially absorbed, should be seen a light at the end of tunnel…

 

Gevo Announces Pricing of $11.9 million Public Offering of Common Stock and Warrants
ENGLEWOOD, Colo., Feb. 14, 2017 (GLOBE NEWSWIRE) — Gevo, Inc. (NASDAQ:GEVO) announced today that it has priced its underwritten public offering of common stock and warrants.

Gevo announced that it has agreed to sell 5,680,000 Series G units, with each Series G unit consisting of one share of common stock, a Series K warrant to purchase one share of common stock and a Series M warrant to purchase one share of common stock, at a public offering price of $1.90 per Series G unit. Gevo has also agreed to sell 570,000 Series H units, with each Series H unit consisting of a pre-funded Series L warrant to purchase one share of common stock, a Series K warrant to purchase one share of common stock and a Series M warrant to purchase one share of common stock, at a public offering price of $1.89 per Series H unit.

The Series K warrants will have an exercise price of $2.35 per share, be exercisable beginning the date of original issuance and will expire on February 17, 2022. The Series L warrants will have an exercise price of $1.90 per share, which will be pre-paid upon issuance, except for a nominal exercise price of $0.01 per share and, consequently, no additional payment or other consideration (other than the nominal exercise price of $0.01 per share) will be required to be delivered to the Company by the holder upon exercise of the Series L warrants. The Series L warrants will be exercisable from the date of original issuance and will expire on February 17, 2018. The Series M warrants will have an exercise price of $2.35 per share, be exercisable beginning on the date of original issuance and will expire on November 17, 2017. The shares of common stock and the warrants will be immediately separable and will be issued separately.

The gross proceeds to Gevo from this offering are expected to be approximately $11.9 million not including any future proceeds from the exercise of the warrants.

Expecting GEVO‘s great trading opportunity in upcoming week.

Biofuel, GEVO, Stock trading

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