to-the-point: Gevo regains compliance with NASDAQ

Author: bfishadow. License: Creative Commons, Attribution 2.0 Generic

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.  

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Browse all articles from Plamena Tisheva

Plamena has been a UK-focused reporter for many years. As part of the Renewables Now team she is taking a keen interest in policy moves.

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