Dyadic International, a global biotechnology company, has announced that it has completed a private placement of $2,000,000 in convertible subordinated secured promissory note (Note). The Note will pay interest quarterly at a rate of 10% per annum and is convertible at the holder’s option into shares of Dyadic common stock at $1.28 per share. Dyadic expects to use the proceeds from this offering for working capital including continued investments in research and development, and general corporate purposes.- Gevo, Inc. has announced that the National Aeronautics and Space Administration (NASA) has purchased Gevo’s renewable Alcohol-to-Jet fuel (ATJ) for aviation use at the NASA Glenn Research Center in Cleveland, OH. Gevo’s ATJ is manufactured at its demonstration biorefinery located in Silsbee, TX, using renewable isobutanol produced at its Luverne, MN, isobutanol plant.
- Green Plains Inc. has announced today that its newly-formed subsidiary, Green Plains Partners LP has confidentially submitted a draft registration statement on Form S-1 with the U.S. Securities and Exchange Commission. The registration statement is for a proposed underwritten initial public offering (IPO) of common units representing limited partner interests in the newly-formed Partnership. It is anticipated that the IPO will raise approximately $200-$250 million in gross proceeds; however, the date, number of common units to be sold and the price range for the proposed IPO have not yet been determined.
- The Geothermal Resources Council (GRC) has announced this year’s Amateur Photo Contest. The purpose of the contest is to showcase quality photography featuring geothermal energy around the world. The first place winner will receive $150, second place – $100, and third place – $75. Honorable Mention photos will receive certificates. Photographs on any subject related to geothermal energy can be submitted. More information, including a submission form, can be found on the GRC website. The deadline for submissions is August 14, 2015.
