Gevo (GEVO) Slammed on Common Stock, Covertible Notes Offering
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Gevo, Inc. (Nasdaq: GEVO) is getting slammed Wednesday after announcing an equity raise. Shares are down over 16 percent on heavy volume.
From the release: "[Gevo]...intends to offer and sell, subject to market and other conditions, shares of its common stock and convertible senior notes due 2022. All of the shares in the common stock offering and convertible senior notes are to be sold by Gevo.
Neither the completion of the common stock offering nor the convertible senior notes offering will be contingent on the completion of the other."
From the release: "[Gevo]...intends to offer and sell, subject to market and other conditions, shares of its common stock and convertible senior notes due 2022. All of the shares in the common stock offering and convertible senior notes are to be sold by Gevo.
Neither the completion of the common stock offering nor the convertible senior notes offering will be contingent on the completion of the other."
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