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Gevo Announces Proposed Public Offering of Common Stock

ENGLEWOOD, Colo., June 09, 2016 (GLOBE NEWSWIRE) -- Gevo, Inc. (GEVO), a leading renewable chemicals and next-generation biofuels company, announced today that it intends to offer and sell shares of common stock, subject to market and other conditions. The shares of common stock are to be sold by Gevo, subject to market and other conditions, in a best efforts public offering.

Gevo currently intends to use the net proceeds from the offering to fund working capital and for other general corporate purposes.

In connection with the offering, Cowen and Company, LLC is acting as sole book-running manager and representative of the several placement agents participating in the offering, and Rodman & Renshaw, a unit of H.C. Wainwright & Co., LLC, is acting as lead manager.

A shelf registration statement relating to the shares of common stock to be issued in the proposed offering was filed with the Securities and Exchange Commission (SEC) and is effective. This press release does not constitute an offer to sell, or the solicitation of an offer to buy, these securities, nor will there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale is not permitted.

A preliminary prospectus supplement and accompanying prospectus describing the terms of the proposed offering will be filed with the SEC. Copies of the preliminary prospectus supplement and the accompanying prospectus relating to the securities being...