Alto Ingredients Sells Pekin Facility for $23M

Ticker: ALTO · Form: 8-K · Filed: 2025-06-27T00:00:00.000Z

Sentiment: neutral

Topics: divestiture, asset-sale, strategic-shift

TL;DR

Alto Ingredients selling Pekin plant for $23M, closing Q3 2025. Strategic move.

AI Summary

Alto Ingredients, Inc. announced on June 23, 2025, that it has entered into a definitive agreement to sell its Pekin, Illinois specialty alcohols production facility to an undisclosed buyer for $23 million. The transaction is expected to close in the third quarter of 2025, subject to customary closing conditions. This sale is part of Alto Ingredients' ongoing strategy to optimize its asset portfolio and focus on its remaining production facilities.

Why It Matters

The sale of the Pekin facility for $23 million signifies a strategic shift for Alto Ingredients, potentially impacting its operational footprint and financial structure as it refocuses its business.

Risk Assessment

Risk Level: medium — The sale price and the fact that the buyer is undisclosed introduce some uncertainty, and the company's future strategy hinges on the successful integration of this divestiture.

Key Numbers

Key Players & Entities

FAQ

What is the exact date of the agreement for the sale of the Pekin facility?

The filing indicates the earliest event reported is June 23, 2025, which is the date of the report and likely the date of the agreement.

Who is the buyer of the Pekin, Illinois specialty alcohols production facility?

The filing states that the buyer is undisclosed.

What are the conditions for the closing of the sale transaction?

The transaction is subject to customary closing conditions.

What is the primary reason for Alto Ingredients selling its Pekin facility?

The sale is part of Alto Ingredients' ongoing strategy to optimize its asset portfolio and focus on its remaining production facilities.

What is the former name of Alto Ingredients, Inc.?

The filing lists former names including Pacific Ethanol, Inc., ACCESSITY CORP, and DRIVERSSHIELD COM CORP.

From the Filing

0001213900-25-058625.txt : 20250627 0001213900-25-058625.hdr.sgml : 20250627 20250627083028 ACCESSION NUMBER: 0001213900-25-058625 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 12 CONFORMED PERIOD OF REPORT: 20250623 ITEM INFORMATION: Other Events FILED AS OF DATE: 20250627 DATE AS OF CHANGE: 20250627 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Alto Ingredients, Inc. CENTRAL INDEX KEY: 0000778164 STANDARD INDUSTRIAL CLASSIFICATION: INDUSTRIAL ORGANIC CHEMICALS [2860] ORGANIZATION NAME: 08 Industrial Applications and Services EIN: 412170618 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-21467 FILM NUMBER: 251082337 BUSINESS ADDRESS: STREET 1: 400 CAPITOL MALL, SUITE 2060 CITY: SACRAMENTO STATE: CA ZIP: 95814 BUSINESS PHONE: 916-403-2123 MAIL ADDRESS: STREET 1: 400 CAPITOL MALL, SUITE 2060 CITY: SACRAMENTO STATE: CA ZIP: 95814 FORMER COMPANY: FORMER CONFORMED NAME: Pacific Ethanol, Inc. DATE OF NAME CHANGE: 20050324 FORMER COMPANY: FORMER CONFORMED NAME: ACCESSITY CORP DATE OF NAME CHANGE: 20030627 FORMER COMPANY: FORMER CONFORMED NAME: DRIVERSSHIELD COM CORP DATE OF NAME CHANGE: 20001115 8-K 1 ea0247164-8k_altoing.htm CURRENT REPORT false 0000778164 0000778164 2025-06-23 2025-06-23 iso4217:USD xbrli:shares iso4217:USD xbrli:shares     UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549   FORM 8-K   CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934   Date of Report (Date of earliest event reported):  June 23, 2025   ALTO INGREDIENTS, INC.   (Exact Name of Registrant as Specified in its Charter)   Delaware   000-21467   41-2170618 (State or Other Jurisdiction   (Commission File Number)   (IRS Employer of Incorporation)       Identification No.)   1300 South Second Street Pekin , Illinois   61554 (Address of Principal Executive Offices)   (Zip Code)   Registrant’s Telephone Number, Including Area Code: (916) 403-2123       (Former Name or Former Address, if Changed Since Last Report)   Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions ( see General Instruction A.2. below):   ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)   ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)   ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))   ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))   Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading Symbol(s)   Name of each exchange on which registered Common Stock, $0.001 par value   ALTO   The Nasdaq Stock Market LLC (Nasdaq Capital Market)   Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐   If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐             Item 8.01 Other Events   On June 23, 2025, Alto Ingredients, Inc. (the “Company”) received a letter from the listing qualifications staff of The Nasdaq Stock Market (“Nasdaq”) indicating that the bid price of the Company’s common stock for the last 10 consecutive business

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