Biofuels company Gevo trying to raise capital
Gevo Inc., a biofuels company that has been burning through cash trying to produce a higher-value alcohol at a plant in Luverne, Minn., said Tuesday [Dec.10] that it will sell stock and senior notes to raise capital.
The Englewood, Colo.-based company said proceeds from the offering will be used to help ramp up production and to repay $5.1 million in long-term debt.
See earlier IPBiz post:
Overreaching in patent claims dooms Gevo in district court. No infringement because of estoppel and invalidity through lack of enablement.