Gevo Inc (GEVO) has disclosed a new risk, in the Share Price & Shareholder Rights category.
Gevo Inc. faces significant business risk as it struggles to meet the Nasdaq Capital Market’s continued listing requirements, specifically the Minimum Bid Price Requirement. After receiving a non-compliance notice from Nasdaq on February 29, 2024, Gevo Inc. has until August 27, 2024, to rectify the situation by ensuring its common stock’s minimum bid price remains at or above $1.00 for ten consecutive business days. Failure to achieve compliance could lead to delisting, adversely impacting the company’s financial condition, stock liquidity, and investor confidence. While Gevo Inc. is considering measures to regain compliance, there is no certainty of success, underscoring a precarious position for the company’s market standing.
Overall, Wall Street has a Moderate Buy consensus rating on GEVO stock based on 1 Buy and 1 Hold.
To learn more about Gevo Inc’s risk factors, click here.
