GEVO - Mergers and acquisitions

ENGLEWOOD, Colo., Sept. 26, 2024 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ:GEVO) has acquired Cultivate Agricultural Intelligence, LLC ("CultivateAI") for $6 million in cash, with the opportunity for the sellers to receive additional earn-out payments. Gevo will fold CultivateAI into its wholly owned Verity subsidiary to accelerate Verity's business development and growth. CultivateAI is a proven business with expected 2024 revenue of $1.7 million and corresponding positive cash flow. CultivateAI provides agricultural data to clients through a software as a service ("SaaS") platform. Gevo expects to combine CultivateAI's digital agriculture data and analytics platform with Verity's carbon ac

ENGLEWOOD, Colo., Sept. 23, 2021 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ:GEVO) is pleased to announce that it has entered into an asset purchase agreement, dated September 21, 2021, with Butamax Advanced Biofuels LLC ("Butamax") and its affiliate, Danisco US Inc., to acquire certain patents, leaving Gevo as the only entity with full rights to sublicense the entire Gevo/Butamax isobutanol and isobutanol derivatives patent estate in the fields of fuels, isooctane, industrial chemicals, isobutylene, oligomerized isobutylene, and para-xylene (the "Asset Purchase Agreement"). The transaction contemplated by the Asset Purchase Agreement closed on September 21, 2021 and is subject to certain exist