Alto Ingredients Enters Material Definitive Agreement
Ticker: ALTO · Form: 8-K · Filed: Nov 12, 2024 · CIK: 778164
| Field | Detail |
|---|---|
| Company | Alto Ingredients, Inc. (ALTO) |
| Form Type | 8-K |
| Filed Date | Nov 12, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-definitive-agreement, new-contract
TL;DR
Alto Ingredients signed a big deal on Nov 5th, details TBD.
AI Summary
On November 5, 2024, Alto Ingredients, Inc. entered into a Material Definitive Agreement. The filing does not provide specific details on the agreement or any associated dollar amounts or parties involved.
Why It Matters
This filing indicates a significant new contract or partnership for Alto Ingredients, which could impact its future operations and financial performance.
Risk Assessment
Risk Level: medium — The lack of specific details in the filing regarding the material definitive agreement introduces uncertainty about its terms and potential impact.
Key Players & Entities
- Alto Ingredients, Inc. (company) — Registrant
- November 5, 2024 (date) — Date of earliest event reported
FAQ
What is the nature of the Material Definitive Agreement entered into by Alto Ingredients, Inc.?
The filing states that Alto Ingredients, Inc. entered into a Material Definitive Agreement on November 5, 2024, but does not provide specific details about its nature.
Who are the parties involved in this Material Definitive Agreement?
The filing does not disclose the names of the other parties involved in the Material Definitive Agreement.
Are there any financial terms or dollar amounts associated with this agreement?
The provided filing does not specify any financial terms or dollar amounts related to the Material Definitive Agreement.
When was the Material Definitive Agreement officially entered into?
The Material Definitive Agreement was entered into on November 5, 2024.
What is the significance of filing an 8-K for a Material Definitive Agreement?
Filing an 8-K for a Material Definitive Agreement is required by the SEC to promptly inform investors about significant events that could affect a company's financial condition or operations.
Filing Stats: 641 words · 3 min read · ~2 pages · Grade level 11.9 · Accepted 2024-11-12 16:33:22
Key Financial Figures
- $0.001 — nge on which registered Common Stock, $0.001 par value ALTO The Nasdaq Stock Mar
Filing Documents
- ea0220736-8k_alto.htm (8-K) — 31KB
- ea022073601ex10-1_alto.htm (EX-10.1) — 270KB
- 0001213900-24-096835.txt ( ) — 532KB
- alto-20241105.xsd (EX-101.SCH) — 3KB
- alto-20241105_lab.xml (EX-101.LAB) — 33KB
- alto-20241105_pre.xml (EX-101.PRE) — 22KB
- ea0220736-8k_alto_htm.xml (XML) — 3KB
01. Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement. On November 5, 2024, Alto Pekin, LLC ("Alto Pekin"), an indirect wholly-owned subsidiary of Alto Ingredients, Inc. (the "Company"), entered into a CO 2 Transportation and Sequestration Agreement, dated November 5, 2024 (the "CO 2 Agreement"), by and between Vault Dragon CCS Holdings LP ("Vault") and Alto Pekin pursuant to which Alto Pekin will deliver a composite of carbon dioxide ("CO 2 ") and other components through certain CO 2 transportation facilities that Vault is planning to construct, own, operate and maintain for permanent sequestration at certain injection and sequestration facilities that Vault is planning to construct, own, operate and maintain in such a manner that will permit Alto Pekin to qualify for, claim and receive certain tax credits and other benefits. The description of the CO 2 Agreement does not purport to be complete and is qualified in its entirety by reference to the CO 2 Agreement , which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by this reference.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits . Number Description 10.1*# CO 2 Transportation and Sequestration Agreement dated November 5, 2024 by and between Vault Dragon CCS Holdings LP and Alto Pekin, LLC 104 Cover Page Interactive Data File (formatted as Inline XBRL) * Exhibits have been omitted pursuant to Item 601(a)(5) of Regulation S-K. The Company will furnish supplementally a copy of any omitted exhibit to the Securities and Exchange Commission upon request. # Certain information has been omitted pursuant to Item 601(b)(10)(iv) of Regulation S-K. The Company will furnish supplementally a copy of any omitted information to the Securities and Exchange Commission upon request. -1-
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: November 12, 2024 ALTO INGREDIENTS, INC. By: /S/ AUSTE M. GRAHAM Auste M. Graham, Chief Legal Officer and Secretary -2-