M&A - Gevo, Inc.

Form Type: 8-K/A

Filing Date: 2025-04-16

Corporate Action: Acquisition

Type: Update

Accession Number: 000110465925035528

Filing Summary: On April 16, 2025, Gevo, Inc. filed an amendment to its Previous Form 8-K, which reported the completion of its acquisition of substantially all the assets and certain assumed liabilities of Red Trail Energy, LLC as of January 31, 2025. The acquisition was executed through an Asset Purchase Agreement with its wholly owned subsidiaries Richardton CCS, LLC and Net-Zero Richardton, LLC acting as the buyers. The amendment includes historical financial statements of Red Trail Energy and pro forma financial information as necessary under Item 9.01 of Form 8-K. The audited financial statements for the years ending September 30, 2024, and 2023 are incorporated as Exhibit 99.1, and unaudited pro forma condensed combined financial statements are in Exhibit 99.2, reflecting the effects of the acquisition on Gevo's financials. The original disclosure remains unchanged.

Form Type: 8-K

Filing Date: 2025-02-03

Corporate Action: Acquisition

Type: New

Accession Number: 000110465925008435

Filing Summary: On January 31, 2025, Gevo, Inc. closed its acquisition of substantially all assets of Red Trail Energy, LLC for an aggregate purchase price of $210 million, utilizing a mix of company cash and $105 million of debt financing from a senior secured term loan. The acquisition was facilitated through an Asset Purchase Agreement with its subsidiaries Richardton CCS, LLC and Net-Zero Richardton, LLC acting as the buyers. A Credit Agreement was also established providing for a term loan with varying interest rates based on the leverage ratio, secured by the company's tangible and intangible assets. The company provided additional funds for post-closing adjustments and indemnifications and acquired insurance for potential breaches of the seller's warranties. The closing of the transaction was announced on February 3, 2025.