Benson Hill, Inc.: going-concern / distress — Benson Hill files motion to convert Chapter 11 to Chapter 7; expects shares worthless

Benson Hill, Inc.

Filed motion on Sept 2, 2025 to convert Chapter 11 cases to Chapter 7; hearing set for Sept 23, 2025.
Conversion expected effective Sept 30, 2025; a Chapter 7 trustee would liquidate remaining assets.
Company believes stockholders will receive no distribution; shares deemed worthless.
CEO Daniel Cosgrove to remain until Chapter 7 trustee appointed; his contract then terminates.
Company states it will not file further SEC reports unless deemed appropriate by the Chapter 7 trustee.

Key facts

Extracted from this filing and checked against the source text.

Distress & Bankruptcy SEC 8-K Item 1.03 confidence 0.99

Benson Hill, Inc. entered chapter 11 in United States Bankruptcy Court for the District of Delaware (petition 2025-03-20).

Proceeding: chapter 11
Court: United States Bankruptcy Court for the District of Delaware
Petition: 2025-03-20

Exact text from the filing

As previously disclosed, on March 20, 2025, Benson Hill, Inc. (the “Company”) and its wholly-owned subsidiaries Benson Hill Fresh, LLC, Benson Hill Holdings, Inc., Benson Hill Seeds Holdings, Inc., Benson Hill Seeds, Inc., BHB Holdings, LLC, Benson Hill ND OldCo, Inc., DDB Holdings, Inc., and J&J Southern Farms, Inc. (together with the Company, the “Debtors”) filed voluntary petitions for relief under chapter 11 of title 11 (“Chapter 11”) of the United States Code, 11 U.S.C. §§ 101–1532 (the “Bankruptcy Code”) in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”).

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Source: SEC EDGAR

accession 0001104659-25-086777

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