Renewable isobutanol producer Gevo in late July announced that it intends to sell 30 mln common stock units. Each common stock unit will consist of one share of common stock and a warrant to purchase 0.5 shares of common stock, at a public offering price of $0.60 per common stock unit. Each warrant included in a common stock unit will have an exercise price of 0.85 per share and will be exercisable from the date of original issuance and will expire on August 5, 2019.
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