Gevo, Inc. (NASDAQ:GEVNW) Files An 8-K Material Modification to Rights of Security Holders
Item3.03.
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Material Modification to Rights of Security Holders. |
The information provided in Item5.03 of this Current Report on
Form8-Kis incorporated by reference into this Item3.03.
Item5.03. |
Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. |
On January4, 2017, Gevo, Inc. (the Company) filed a Certificate
of Amendment to its Amended and Restated Certificate of
Incorporation (the Certificate of Amendment) with the Delaware
Secretary of State to effect a one-for-twenty reverse split of
the Companys issued and outstanding common stock (the Reverse
Stock Split), and the Reverse Stock Split became effective in
accordance with the terms of the Certificate of Amendment at
5:00p.m. Eastern Time on January5, 2017 (theEffective Time).
At the Effective Time, every twenty shares of the Companys common
stock issued and outstanding were automatically combined into one
share of common stock, without any change in the par value per
share. The Company will not issue any fractional shares in
connection with the Reverse Stock Split. Instead, fractional
shares will be rounded up to the next largest whole number. The
Reverse Stock Split will not modify the rights or preferences of
the common stock. Proportional adjustments have been made to the
conversion and exercise prices of the Companys outstanding
warrants, convertible notes and stock options, and to the number
of shares issued and issuable under the Companys equity
compensation plans.
The Companys transfer agent, American Stock Transfer Trust
Company, LLC, is the exchange agent for the Reverse Stock Split
and will correspond with stockholders of record regarding the
Reverse Stock Split. Stockholders owning shares via a broker or
other nominee will have their positions automatically adjusted to
reflect the Reverse Stock Split.
The Companys common stock began trading on the NASDAQ Capital
Market on a split-adjusted basis on Friday, January6, 2017. The
new CUSIP number for the Companys common stock following the
Reverse Stock Split is 374396307.
The foregoing description of the Certificate of Amendment does
not purport to be complete and is subject to, and is qualified in
its entirety by reference to, the full text of the Certificate of
Amendment, which is attached as Exhibit3.1 to this Current Report
on Form8-K, and is incorporated herein by reference.
Item9.01. |
Financial Statements and Exhibits. |
(d) Exhibits.
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| 3.1 |
Certificate of Amendment to Amended and Restated Certificate of Incorporation of Gevo, Inc. |