- Press Releases
Jan 25 (Renewables Now) - US biofuels firm Gevo Inc (NASDAQ:GEVO) said today it has been notified that it has regained compliance with the NASDAQ Capital Market's continued listing requirement for minimum bid price.
The company has received a letter from The NASDAQ Stock Market LLC, saying that as of January 20 the closing bid price of its common stock has been above the USD 1.00 minimum requirement for at least 10 consecutive trading days. Gevo is thus again in line with the NASDAQ rule.
Gevo operates a fermentation facility in Luverne, Minnesota, where it produces isobutanol, as well as ethanol.