Paul Hastings Represents Gevo, Inc. in Public Offering of Common Stock Units
San Diego, CA - Paul Hastings LLP, a leading global law firm, announced today that the firm represented Gevo, Inc., a leading renewable chemicals and next-generation biofuels company, in a public offering of 30,000,000 common stock units.
Gevo sold the common stock units, each of which consisted of one share of common stock and a warrant to purchase 0.5 shares of common stock, at a public offering price of $0.60 per common stock unit. The gross proceeds to Gevo from the offering were approximately $18 million, not including any future proceeds from the exercise of the warrants. The gross proceeds do not include deductions for underwriting discounts and commissions and other estimated offering expenses.
Gevo currently intends to use the net proceeds from the offering, excluding any future proceeds from the exercise of the warrants, to fund capital to complete the side-by-side configuration of its Luverne, MN facility, to fund working capital and for other general corporate purposes.
The firm has represented Gevo for over five years. Previously Paul Hastings represented Gevo in its initial public offering of
Paul Hastings LLP is a leading global law firm with offices in Asia, Europe, and the United States. We provide innovative legal solutions to financial institutions and Fortune 500 companies. Please visit www.paulhastings.com for more information.