<== Site Review (2015-12-14) ==>
Gevo
Gevo (NASDAQ: GEVO) is an alternative fuel company based in Engelwood. The company is producing a high performance fuel based on isobutanol, an alternative to ethanol.
The company was founded in 2005 as Methanotech. It changed its name to Gevo in 2006.
Gevo raised $107 million with its IPO in 2011(*) with a share price in the $13-15 range.
The company received delisting notices from NASDAQ in early 2015 as oil prices have fallen with the continuing recession and petroleum glut on the market.
The company attempted to hold a secondary offering in December 2015 for working capital and to expand its facility in Luverne, Minnesota. The stock has fallen into the $0.67 cent range as market makers punish the company for trying to expand production in a glut.
held a $10M secondary offering on December 8th. https://en.wikipedia.org/wiki/Gevo,_Inc
