May 30, 2023
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Gevo, Inc. (GEVO), a renewable chemicals and advanced biofuels company, made an announcement today regarding its plans to repurchase its common stock. The company's Board of Directors has authorized a stock repurchase program, allowing Gevo to buy back up to $25 million worth of its shares.

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Gevo's Confidence in Its Future

Dr. Patrick R. Gruber, Gevo's Chief Executive Officer, expressed his confidence in Gevo's future and emphasized the undervaluation of the company's common stock. According to Dr. Gruber, the stock repurchase program serves as a testament to the belief shared by the Board, management, and himself in Gevo's strategic direction. They anticipate sustained profitability and growth in the company's future.

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Flexible Repurchase Approach

Gevo's stock repurchase program offers flexibility in its execution. The company can initiate stock repurchases either through open market transactions at prevailing market prices or through privately negotiated deals. All repurchases will comply with applicable securities laws and legal requirements. The volume, timing, and nature of stock repurchases will be at Gevo's discretion, taking into account market conditions, regulatory compliance, and other relevant factors. It's important to note that Gevo is not obligated to repurchase a specific amount of common stock during any given period and retains the option to suspend or discontinue the program at any time.

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Members of LevelFields received the alert of this event on May 30, 9:55 AM ET

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