Gevo executes 1-for-20 Reverse Stock Split

December 31, 2016 |

In Colorado, Gevo undertook a 1-for-20 reverse stock split, aimed at lifting the company’s stock price above $1.00 per share and remaining for sale on theNASDAQ exchanges, which forbid trading of stocks that fall below the $1 price threshold for a sustained period. The 1-for-20 reverse stock split will be effective as of the close of business on January 5, 2017 and the Company’s common stock will begin trading on a split-adjusted basis on Friday, January 6, 2017. Proportional adjustments will be made to the conversion and exercise prices of the Company’s outstanding warrants, convertible notes and stock options, and to the number of shares issued and issuable under the Company’s equity compensation plans. The number of authorized shares of the Company’s common stock will remain 250 million shares.

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