Gevo Regains Compliance with NASDAQ Minimum Bid Price Listing Requirement
19 Juni 2018 - 3:00PM
Gevo, Inc. (NASDAQ:GEVO) announced today that it has received a
letter from The NASDAQ Stock Market LLC notifying the Company that
it has regained compliance with the NASDAQ Capital Market’s minimum
bid price continued listing requirement. The letter noted
that as of June 18, 2018, the Company evidenced a closing bid price
of its common stock in excess of the $1.00 minimum
requirement for at least ten consecutive trading days. Accordingly,
the Company has regained compliance with NASDAQ Marketplace Rule
5550(a)(2) and NASDAQ considers the matter closed.
About Gevo
Gevo is a leading renewable technology, chemical
products, and next generation biofuels company. Gevo has developed
proprietary technology that uses a combination of synthetic
biology, metabolic engineering, chemistry and chemical engineering
to focus primarily on the production of isobutanol, as well as
related products from renewable feedstocks. Gevo can produce
isobutanol, ethanol and high-value animal feed at its production
facility in Luverne, MN. Gevo has also developed technology to
produce hydrocarbon products from renewable alcohols. Gevo
currently operates a biorefinery in Silsbee, TX, in collaboration
with South Hampton Resources Inc., to produce renewable jet fuel,
octane, and ingredients for plastics like polyester. Gevo is
committed to a sustainable bio-based economy that meets society’s
needs for plentiful food and clean air and water. Learn more at our
website: www.gevo.com.
Forward-Looking Statements
Certain statements in this press release may
constitute "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995. These
forward-looking statements relate to a variety of matters,
including, without limitation, statements related to Gevo’s ability
to continue to maintain compliance with NASDAQ rules, and other
statements that are not purely statements of historical fact.
These forward-looking statements are made on the basis of the
current beliefs, expectations and assumptions of the management of
Gevo and are subject to significant risks and uncertainty.
Investors are cautioned not to place undue reliance on any such
forward-looking statements. All such forward-looking statements
speak only as of the date they are made, and Gevo undertakes no
obligation to update or revise these statements, whether as a
result of new information, future events or otherwise. Although
Gevo believes that the expectations reflected in these
forward-looking statements are reasonable, these statements involve
many risks and uncertainties that may cause actual results to
differ materially from what may be expressed or implied in these
forward-looking statements. For a further discussion of risks and
uncertainties that could cause actual results to differ from those
expressed in these forward-looking statements, as well as risks
relating to the business of Gevo in general, see the risk
disclosures in the Annual Report on Form 10-K of Gevo for the year
ended December 31, 2017, as amended, and in subsequent reports on
Forms 10-Q and 8-K and other filings made with the U.S. Securities
and Exchange Commission by Gevo.
|
Investor and
Media Contact Shawn M. Severson Integra Investor Relations
+1 415-226-7747 gevo@integra-ir.com |
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