Gevo cancels plans for public offering of convertible units

By Devika Patel

Knoxville, Tenn., Dec. 11 - Gevo, Inc. said it has decided not to pursue its public offering of senior note units. It did price a $25.01 million public sale of equity units with a $3.75 million greenshoe. The deals were announced on Tuesday.

The senior note units would have consisted of $1,000 of convertible senior notes due 2023 and warrants.

Piper Jaffray & Co. is the manager.

Gevo is an Englewood, Colo., renewable chemicals and advanced biofuels company.

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