Gevo, Inc. Files 8-K for Material Agreement and Financial Disclosures

TL;DR

Gevo filed an 8-K on 4/1/24 for a material agreement & financial disclosures. Check it out.

AI Summary

On April 1, 2024, Gevo, Inc. entered into a Material Definitive Agreement related to its financial obligations. The company also made disclosures under Regulation FD and filed financial statements and exhibits. This filing pertains to Gevo's ongoing business operations and financial commitments.

Why It Matters

This 8-K filing indicates Gevo has entered into a significant agreement, which could impact its financial standing and future operations. Investors should review the details of this agreement for potential implications.

Risk Assessment

Risk Level: medium — Material definitive agreements and financial disclosures can introduce new risks or clarify existing ones for a company.

Key Players & Entities

• Gevo, Inc. (company) — Registrant
• April 1, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.01 — ch registered Common Stock, par value $0.01 per share GEVO Nasdaq Capital Marke
• $68,155,000 — ") in the aggregate principal amount of $68,155,000. The Bonds were initially issued on Apr

Filing Documents

• tm249912d1_8k.htm (8-K) — 34KB
• tm249912d1_ex10-1.htm (EX-10.1) — 31KB
• tm249912d1_ex10-2.htm (EX-10.2) — 306KB
• tm249912d1_ex99-1.htm (EX-99.1) — 11KB
• tm249912d1_ex99-1img001.jpg (GRAPHIC) — 24KB
• 0001104659-24-041818.txt ( ) — 666KB
• gevo-20240401.xsd (EX-101.SCH) — 3KB
• gevo-20240401_lab.xml (EX-101.LAB) — 33KB
• gevo-20240401_pre.xml (EX-101.PRE) — 22KB
• tm249912d1_8k_htm.xml (XML) — 4KB

01

Item 1.01 Entry into a Material Definitive Agreement. The Iowa Finance Authority (the "Issuer") previously issued its currently outstanding Iowa Finance Authority Solid Waste Facility Revenue Bonds (Gevo NW Iowa RNG, LLC Renewable Natural Gas Project), Series 2021 (Green Bonds) (the "Bonds") in the aggregate principal amount of $68,155,000. The Bonds were initially issued on April 15, 2021 in a public offering for the benefit of Gevo NW Iowa RNG, LLC (the "Company"), a subsidiary of Gevo, Inc. ("Gevo"), for an initial term rate period ended March 31, 2024. On April 1, 2024 (the "Conversion Date"), the Bonds became subject to mandatory tender for purchase and have been remarketed to bear interest in a new term rate period. The Bonds were initially issued under a Trust Indenture, dated as of April 1, 2021 (the "Original Indenture") between the Issuer and Citibank, N.A., as trustee (the "Trustee"). In connection with the conversion and remarketing of the Bonds on the Conversion Date, the Original Indenture was amended by a First Supplemental Indenture dated as of April 1, 2024 (the "First Supplemental Indenture," and together with the Original Indenture, the "Indenture") between the Issuer and the Trustee. On the date of initial issuance of the Bonds, the proceeds thereof were loaned to the Company pursuant to a Bond Financing Agreement dated as of April 1, 2021 (the "Original Bond Financing Agreement") between the Issuer and the Company to finance a portion of the costs of certain projects, as further described below. In connection with the conversion and remarketing of the Bonds on the Conversion Date, the Original Bond Financing Agreement was amended by a First Supplemental Bond Financing Agreement dated as of April 1, 2024 (the "First Supplemental Bond Financing Agreement," and together with the Original Bond Financing Agreement, the "Bond Financing Agreement") between the Issuer and the Company. The principal of and the interest on the Bonds is payable solely

03

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information contained in Item 1.01 is hereby incorporated by reference into this Item 2.03.

01

Item 7.01 Regulation FD Disclosure. On April 1, 2024, the Company issued a press release announcing that the Issuer converted and remarketed the Bonds in a public offering for the benefit of the Company. A copy of the press release is furnished as Exhibit 99.1 hereto. In accordance with General Instruction B.2. of Form 8-K, the information contained in this Item 7.01 and Exhibit 99.1 is being furnished under Item 7.01 of Form 8-K and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1034, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall such information and exhibit be incorporated by reference into any filing under the Securities Act of 1933 or the Exchange Act, except as shall be expressly set forth by specific reference in such filing. Item9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 First Supplemental Bond Financing Agreement, dated as of April 1, 2024, by and between Gevo NW Iowa RNG, LLC and the Iowa Finance Authority. 10.2 * Letter of Credit Reimbursement Agreement, dated as of April 1, 2024, by and between Gevo, Inc. and Citibank, N.A. 99.1 Press Release, dated as of April 1, 2024. 104 Cover Page Interactive Data File (Formatted as Inline XBRL) * Certain portions of the exhibit have been omitted pursuant to Rule 601(b)(10) of Regulation S-K. The omitted information is not material and is the type of information that the registrant treats as private or confidential.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. GEVO, INC. Date: April 1, 2024 By: /s/ E. Cabell Massey Name: E. Cabell Massey Title: Vice President, Legal and Corporate Secretary

View Full Filing

View this 8-K filing on SEC EDGAR