Gevo, Inc. Faces Delisting Notice

TL;DR

Gevo got a notice about possibly getting delisted. Big trouble.

AI Summary

Gevo, Inc. filed an 8-K on February 29, 2024, to report a notice of delisting or failure to satisfy a continued listing rule. The company is based in Englewood, Colorado, and its principal executive offices are located at 345 Inverness Drive South, Building C, Suite 310.

Why It Matters

This filing indicates potential issues with Gevo's compliance with stock exchange listing requirements, which could impact its stock trading and investor confidence.

Risk Assessment

Risk Level: high — A notice of delisting or failure to meet listing standards poses a significant risk to the company's stock trading and overall financial stability.

Key Players & Entities

• Gevo, Inc. (company) — Registrant
• February 29, 2024 (date) — Date of earliest event reported
• Englewood, CO (location) — City and State of principal executive offices
• 345 Inverness Drive South, Building C, Suite 310 (address) — Address of principal executive offices

FAQ

Key Financial Figures

• $0.01 — ch registered Common Stock, par value $0.01 per share GEVO Nasdaq Capital Mark
• $1.00 — re (the "Common Stock"), has been below $1.00 per share for the last 30 consecutive b

Filing Documents

• tm247720d1_8k.htm (8-K) — 24KB
• 0001104659-24-030480.txt ( ) — 195KB
• gevo-20240229.xsd (EX-101.SCH) — 3KB
• gevo-20240229_lab.xml (EX-101.LAB) — 33KB
• gevo-20240229_pre.xml (EX-101.PRE) — 22KB
• tm247720d1_8k_htm.xml (XML) — 4KB

01. Notice of Delisting or Failure to Satisfy a Continued Listing rule or Standard Transfer of Listing

Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing rule or Standard Transfer of Listing. On February 29, 2024, Gevo, Inc. (the "Company") received notice from The Nasdaq Stock Market LLC ("Nasdaq") that the Company is not in compliance with Nasdaq Listing Rule 5550(a)(2) (the "Minimum Bid Price Requirement"), as the minimum bid price of the Company's common stock, par value $0.01 per share (the "Common Stock"), has been below $1.00 per share for the last 30 consecutive business days. The notice has no immediate effect on the listing or trading of the Common Stock on The Nasdaq Capital Market, and the Common Stock will continue to trade on The Nasdaq Capital Market under the symbol "GEVO." In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has 180 calendar days, or until August 27, 2024, to regain compliance with the Minimum Bid Price Requirement. To regain compliance, the minimum bid price of the Common Stock must meet or exceed $1.00 per share for a minimum of ten consecutive business days during this 180-calendar day grace period. In the event the Company does not regain compliance with the Minimum Bid Price Requirement by August 27, 2024, the Company may be eligible for an additional 180-calendar day compliance period. To qualify, the Company would be required to meet the continued listing requirements for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market, with the exception of the Minimum Bid Price Requirement, and would need to provide written notice of its intention to cure the bid price deficiency during the second compliance period, by effecting a reverse stock split, if necessary. If the Company does not qualify for the second compliance period or fails to regain compliance during the second 180-day period, then Nasdaq will notify the Company of its determination to delist the Common Stock, at which point the Company will have an opportunity to appeal the delist

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. GEVO, INC. Dated: March 4 , 2024 By: /s/ E. Cabell Massey E. Cabell Massey Vice President, Legal and Corporate Secretary

View Full Filing

View this 8-K filing on SEC EDGAR