Gevo (NASDAQ: GEVO) Shares are trading low on Wednesday after the company announced a registered direct offer of $ 350 million in common shares. The offer costs $ 8 per share.
Gevo is a renewable chemicals and biofuels company that is dedicated to the development and commercialization of alternatives to petroleum products based on isobutanol produced from renewable raw materials. Its operating segments are the Gevo segment and the Gevo Development – Agroenergy segment.
Gevo shares were trading down 20.99% to $ 8.72 at the time of publication on Wednesday. The stock has a 52-week high of $ 11.68 and a 52-week low of 46 cents.
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