Gevo shifts Nasdaq listing to gain additional grace period to raise its stock price

January 5, 2015 |

In Colorado, Gevo announced that it received a positive determination from the Listing Qualifications department of The Nasdaq Stock Market on December 30, 2014, granting approval of the Company’s request to transfer its listing to The Nasdaq Capital Market® from The Nasdaq Global Market®. The Company’s securities will begin trading on the Nasdaq Capital Market effective at the start of trading on Monday, January 5, 2015.

The transfer of the Company’s listing to Capital Market is not expected to have any impact on trading in the Company’s securities, and the Company’s securities will continue to trade on Nasdaq under the symbol ‘GEVO’.

Nasdaq notified the Company that, upon the transfer to Capital Market, the Company is granted its second grace period of 180 calendar days, or until June 29, 2015 to regain compliance with Nasdaq. Gevo will monitor the bid price for its securities between now and June 29, 2015, and will consider available options to meet the Nasdaq minimum bid price requirement.

Category: Fuels

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