Aemetis seeking approval for reverse stock split

In California, Aemetis has filed a preliminary proxy for a consent solicitation seeking approval from its stockholders for a 1-for-10 reverse stock split of Aemetis common stock in anticipation of listing on a national exchange. Founded in 2006, Aemetis has grown revenues to $178 million (2013).

We understand that a move to NASDAQ may be in the offing, which would likely require a minimum per-share price of $1.00.