other material
confidence high
sentiment neutral
materiality 0.45
Gevo extends ethanol-to-jet collaboration exclusivity with Axens to March 22, 2024
Gevo, Inc.
- Three-month extension of Initial Term under Master Framework Agreement, now ending March 22, 2024.
- Axens agrees Gevo is not in breach for non-payment of exclusivity fee; exclusivity remains in full force.
- Extension granted without consideration of [*****] and [*****] requirements and without exclusivity fee payment.
- Any further extension requires mutual written agreement of both parties.