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Category: Ventures

Dyadic International extends all debt maturity dates

In Florida, Dyadic International announced that it has entered into agreements with all of its outstanding promissory note holders to extend their maturity dates to January 1, 2015. The convertible portion of the debt, representing $6.8 million of the total $8.2 million outstanding principal, may be prepaid by Dyadic at any time in whole or [...]

October 23, 2013 More

Abengoa announces exercise of greenshoe option

In Washington, Abengoa announced that the underwriters of the previously announced Offering of 250,000,000 Class B Shares (either in the form of shares or American Depositary Shares) have exercised in full their over-allotment option to purchase an additional 37,500,000 Class B Shares from Abengoa.  Including the exercise of the over-allotment option, Abengoa’s offering amounts to [...]

October 23, 2013 More

FSI announces a decrease in Third Quarter, 2013 revenue

In Canada, Flexible Solutions International announced a year over year decrease in revenues for third quarter, 2013 of 17%. Its top line decreased from $3.598 million in Q3 2012 to $2.9786 million.  Total 9 month revenue for 2013 stands at $12.368 million compared to $12.554 million for 2012 or down approximately 1% year over year. [...]

October 16, 2013 More

Vista sees positive net income in fourth quarter

In Colorado, International Technologies, Inc. reports it is expecting to swing to a fourth quarter profit in 2013 on strong revenue from its gasification operations, coupled with steady performance from its Hutchins tire processing facility. The higher margin nature of the company’s Waste to Energy business segment, as well as recently completed upgrades at the Hutchins [...]

October 16, 2013 More

Abengoa announces global offering of Class B shares for expected gross proceeds of €400 million

In Washington, Abengoa announced its intention to offer class B shares in the form of shares or American Depositary Shares for expected gross proceeds of approximately €400 million or USD 541 million, prior to underwriting commissions and discounts and other offering expenses.  The shares will be offered publicly in the U.S. pursuant to a registration [...]

October 9, 2013 More

Covanta announces trigger of cash conversion of Right For Holders

In New Jersey, Covanta Holding announced that holders of its 3.25% cash convertible senior notes due 2014 have the right to cash convert the notes during Covanta’s fiscal 2013 fourth quarter as a result of the Company’s stock price having traded at more than 130% of the conversion price of the notes for at least [...]

October 9, 2013 More

MV Technologies realizes record revenue in the renewable energy and biogas space

In Colorado, MV Technologies announced that in 2013 it has realized record revenue year-to-date, primarily from its renewable energy solution, and is continuing aggressive marketing in the biogas space.  John Combs, CEO of SEER, said, “Last year MV had total revenues of approximately $1.4 million across all of its markets. In the past 12 months, [...]

October 2, 2013 More

Argan, Inc. to list common shares on the New York Stock Exchange

In Maryland, Argan announced that it will transfer the listing of its common stock to the New York Stock Exchange from NYSE MKT. Argan expects its shares to begin trading on the NYSE on October 2, 2013 under its current ticker symbol “AGX.” Argan will continue to trade on the NYSE MKT until the transfer [...]

October 2, 2013 More

Argan announces special cash dividend

In Maryland, Argan, Inc. announced that its Board of Directors declared a special cash dividend of $0.75 per share of common stock, payable November 7, 2013 to shareholders of record at the close of business on October 15, 2013.  Argan’s primary business is designing and building energy plants through its Gemma Power Systems subsidiary. These [...]

September 25, 2013 More

Synthesis Energy System reports operating losses for both fourth quarter 2013 and year end 2013

In Texas, Synthesis Energy Systems announced  their fourth quarter 2013 and year end 2013 results. For Q4, SES reported an operating loss of $5.5 million versus an operating loss of $4.2 million for the same quarter in 2012. The operating loss for fiscal 2013 was $18.4 million compared to an operating loss of $18.3 million [...]

September 25, 2013 More