Gevo (GEVO) announced key business updates
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Gevo Corporate Update
January 27, 2021 9:00 AM ESTENGLEWOOD, Colo., Jan. 27, 2021 (GLOBE NEWSWIRE) -- Gevo, Inc. (Gevo) (NASDAQ: GEVO), announced key business updates and initiatives for 2021. Gevo recently announced the concept of Net Zero Projects to produce energy-dense liquid hydrocarbons using renewable energy and Gevos proprietary technology. Gevo is currently developing its Net-Zero 1 Project at Lake Preston, South Dakota (Net-Zero 1).Â
On January 22, 2021, Gevo closed a registered direct offering priced at-the-market under Nasdaq rules of an aggregate of 43,750,000 shares of common stock at a purchase price of $8.00 per share. Gevo received net proceeds of approximately $321.7 million. Gevo now has approximately $535... More
