A.E. Innovation, LLC entered into a definitive agreement to acquire Agri-Energy, LLC from Gevo, Inc. (NasdaqCM:GEVO) for $7 million on May 28, 2025. Gevo notes that the sale of Agri-Energy to A.E. Innovation provides $2 million of cash upon closing and an additional $5 million of future cash under the purchase agreement, along with an estimated annual savings of approximately $3 million per year of current facility idling costs. The transaction is expected to close by the end of 2025.
The transaction is subject to the procurement of financing by A.E. and the satisfaction of other customary closing conditions.
