Gevo units enter tax credit transfer agreements worth $30M with Stifel and Capital Community

Gevo, Inc.

Gevo subsidiary to sell $20M in Clean Fuel Production Credits to Stifel Financial; $14M transferred as of Oct 30, 2025.
Stifel gets right of first refusal on up to $35M additional credits for 2026 from ethanol or RNG production.
Separate agreement with Capital Community Bancorporation for $10M in credits; $5M transferred as of Nov 4, 2025.
Credits arise from ethanol production at Net-Zero Richardton LLC during 2025; transfers continue through Feb/Mar 2026.
Agreements include customary representations, warranties, indemnification, and termination upon tax law changes.

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