Aemetis Completes Change of State of Incorporation to Delaware; Confirms 33.3 Million Shares of Common Stock Outstanding
07 December 2021 - 12:00AM
via NewMediaWire –
Aemetis, Inc. (NASDAQ: AMTX) (“Aemetis”
or the “Company”), a renewable fuels company focused on negative
carbon intensity products, announced today that it has completed
the reincorporation of the Company from the State of Nevada to the
State of Delaware (the “Reincorporation”), including the filing of
a December 1, 2021 amendment to the prospectus supplement dated
August 18, 2021 (the “Amendment”) solely to reflect the
Reincorporation. The change in legal domicile was approved by an
affirmative vote of the requisite holders of the Company’s capital
stock at the Company’s Annual Meeting of Stockholders held on
August 26, 2021.
Common stock outstanding remained unchanged as a result of the
Reincorporation. No additional shares of the Company’s common stock
were registered for sale in connection with the Amendment. As of
December 3, 2021, the Company had 33,289,689 shares of common stock
outstanding.
Additionally, no changes have been made to the Board of
Directors, management, business or operations of the Company
as a result of the Reincorporation. The corporate headquarters will
remain in Cupertino, California.
“We see the completion of the Reincorporation as a key milestone
in our growth and development as a leading renewable fuels company
focused on negative carbon intensity products. The steps we have
just completed are simply a move to a more common jurisdiction for
debt financing and other transactions in the coming months and
years,” said Eric McAfee, Chairman and CEO of
Aemetis.
About Aemetis
Aemetis has a mission to transform renewable energy with below
zero carbon intensity transportation fuels. Aemetis has launched
the Carbon Zero production process to decarbonize the
transportation sector using today’s infrastructure.
Aemetis Carbon Zero products include zero carbon fuels that can
“drop in” to be used in airplane, truck, and ship fleets. Aemetis
low-carbon fuels have substantially reduced carbon intensity
compared to standard petroleum fossil-based fuels across their
lifecycle.
Headquartered in Cupertino, California, Aemetis is a renewable
natural gas, renewable fuel and biochemicals company focused on the
acquisition, development and commercialization of innovative
technologies that replace petroleum-based products and reduce
greenhouse gas emissions. Founded in 2006, Aemetis has
completed Phase 1 and is expanding a California biogas digester
network and pipeline system to convert dairy waste gas into
Renewable Natural Gas. Aemetis owns and operates a 65 million
gallon per year ethanol production facility in California’s Central
Valley near Modesto that supplies about 80 dairies with animal
feed. Aemetis also owns and operates a 50 million gallon per year
production facility on the East Coast of India producing high
quality distilled biodiesel and refined glycerin for customers in
India and Europe. Aemetis is developing the Carbon Zero
sustainable aviation fuel (SAF) and renewable diesel fuel
biorefineries in California to utilize distillers corn oil and
other renewable oils to produce low carbon intensity renewable jet
and diesel fuel using cellulosic hydrogen from waste orchard and
forest wood, while pre-extracting cellulosic sugars from the waste
wood to be processed into high value cellulosic ethanol at the
Keyes plant. Aemetis holds a portfolio of patents and exclusive
technology licenses to produce renewable fuels and
biochemicals. For additional information about Aemetis,
please visit www.aemetis.com.
Safe Harbor Statement
This news release contains forward-looking statements, including
statements regarding assumptions, projections, expectations,
targets, intentions or beliefs about future events or other
statements that are not historical facts. Forward-looking
statements in this news release include, without limitation,
statements relating to the development and construction of our
business and our ability to access markets and funding to execute
our business plan. Words or phrases such as “anticipates,”
“may,” “will,” “should,” “believes,” “estimates,” “expects,”
“intends,” “plans,” “predicts,” “projects,” “showing signs,”
“targets,” “view,” “will likely result,” “will continue” or similar
expressions are intended to identify forward-looking statements.
These forward-looking statements are based on current assumptions
and predictions and are subject to numerous risks and
uncertainties. Actual results or events could differ
materially from those set forth or implied by such forward-looking
statements and related assumptions due to certain factors,
including, without limitation, competition in the ethanol,
biodiesel and other industries in which we operate, commodity
market risks including those that may result from current weather
conditions, financial market risks, customer adoption,
counter-party risks, risks associated with changes to federal
policy or regulation, and other risks detailed in our reports filed
with the Securities and Exchange Commission, including our Annual
Report on Form 10-K for the year ended December 31, 2020 and in our
subsequent filings with the SEC.
External Investor RelationsContact:Kirin SmithPCG
Advisory Group(646) 863-6519ksmith@pcgadvisory.com
Company Investor Relations/Media Contact:Todd
Waltz(408) 213-0940investors@aemetis.com
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