Form 8-K - Current report
March 04 2024 - 4:05PM
Edgar (US Regulatory)
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0001392380
0001392380
2024-02-29
2024-02-29
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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): February 29, 2024
Gevo, Inc.
(Exact name of registrant as specified in its charter)
Delaware |
001-35073 |
87-0747704 |
(State or other jurisdiction |
(Commission File Number) |
(IRS Employer |
of incorporation) |
|
Identification No.) |
345
Inverness Drive South, Building
C, Suite 310
Englewood, CO 80112 |
(Address of principal
executive offices) (Zip Code) |
Registrant’s telephone number, including area code: (303) 858-8358
N/A
(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:
¨ |
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 |
|
Name of exchange on which registered |
Common Stock, par value $0.01 per share |
|
GEVO |
|
Nasdaq
Capital Market |
Indicate by check mark whether the registrant is an emerging growth company as defined in 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 3.01. | Notice of Delisting or Failure to Satisfy a Continued Listing rule or Standard; Transfer of Listing. |
On February 29, 2024, Gevo, Inc. (the “Company”)
received notice from The Nasdaq Stock Market LLC (“Nasdaq”) that the Company is not in compliance with Nasdaq Listing Rule
5550(a)(2) (the “Minimum Bid Price Requirement”), as the minimum bid price of the Company’s common stock, par value
$0.01 per share (the “Common Stock”), has been below $1.00 per share for the last 30 consecutive business days. The notice
has no immediate effect on the listing or trading of the Common Stock on The Nasdaq Capital Market, and the Common Stock will continue
to trade on The Nasdaq Capital Market under the symbol “GEVO.”
In accordance with Nasdaq Listing Rule 5810(c)(3)(A),
the Company has 180 calendar days, or until August 27, 2024, to regain compliance with the Minimum Bid Price Requirement. To regain compliance,
the minimum bid price of the Common Stock must meet or exceed $1.00 per share for a minimum of ten consecutive business days during this
180-calendar day grace period. In the event the Company does not regain compliance with the Minimum Bid Price Requirement by August 27,
2024, the Company may be eligible for an additional 180-calendar day compliance period. To qualify, the Company would be required to meet
the continued listing requirements for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital
Market, with the exception of the Minimum Bid Price Requirement, and would need to provide written notice of its intention to cure the
bid price deficiency during the second compliance period, by effecting a reverse stock split, if necessary. If the Company does not qualify
for the second compliance period or fails to regain compliance during the second 180-day period, then Nasdaq will notify the Company of
its determination to delist the Common Stock, at which point the Company will have an opportunity to appeal the delisting determination
to a hearings panel.
The Company intends to actively monitor the bid
price of its Common Stock and may, if appropriate, consider implementing available options to regain compliance with the Minimum Bid Price
Requirement. There can be no assurance that the Company will regain compliance with the Minimum Bid Price Requirement or maintain compliance
with any of the other Nasdaq continued listing requirements.
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|
GEVO, INC. |
|
|
|
Dated: March 4, 2024 |
By: |
/s/ E. Cabell
Massey |
|
|
E. Cabell Massey
Vice President, Legal and Corporate Secretary |
v3.24.0.1
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Feb. 29, 2024 |
Cover [Abstract] |
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Document Period End Date |
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Entity File Number |
001-35073
|
Entity Registrant Name |
Gevo, Inc.
|
Entity Central Index Key |
0001392380
|
Entity Tax Identification Number |
87-0747704
|
Entity Incorporation, State or Country Code |
DE
|
Entity Address, Address Line One |
345
Inverness Drive South
|
Entity Address, Address Line Two |
Building
C
|
Entity Address, Address Line Three |
Suite 310
|
Entity Address, City or Town |
Englewood
|
Entity Address, State or Province |
CO
|
Entity Address, Postal Zip Code |
80112
|
City Area Code |
303
|
Local Phone Number |
858-8358
|
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Title of 12(b) Security |
Common Stock, par value $0.01 per share
|
Trading Symbol |
GEVO
|
Security Exchange Name |
NASDAQ
|
Entity Emerging Growth Company |
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