Gevo subsidiary signs $22M tax credit transfer agreement with bank

Gevo, Inc.

Transferor Gevo Intermediate HoldCo will sell $22M in Clean Fuel Production Credits (45Z PTCs) by Dec 10, 2025; $5M transferred at signing.
Transferee gets right of first offer on up to $20M additional 2025 credits and right of first refusal on all 2026 credits.
Credits arise from ethanol production at Net-Zero Richardton facility in North Dakota; Gevo Inc. guarantees obligations.
Agreement includes under-delivery penalties and termination rights for change in tax law or force majeure.

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