Wednesday, December 11, 2013

Biofuels company Gevo trying to raise capital

From the Minneapolis Star Tribune on December 10, 2013

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.


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