secwatch.observer — SEC 8-K summary
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Issuer:     Global Clean Energy Holdings, Inc. (—)
CIK:        0000748790
Form:       8-K
Filed at:   2025-04-18T23:59:59+00:00
Accession:  0001213900-25-033420
Event type: other_material
Sentiment:  negative
Materiality: 0.95
Item codes: 1.01, 1.03, 2.04, 5.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Global Clean Energy Holdings files Chapter 11; existing equity to be canceled
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- Filed voluntary Chapter 11 on April 16, 2025 in Southern District of Texas.
- Existing common stock canceled with no distribution; new equity issued to term lenders and CTCI.
- Secured $250M DIP financing ($100M new money) from term lenders and CTCI.
- Debt defaults accelerated on ~$1.27B total borrowings across five credit facilities.
- OTCQB listing moved to OTC Pink; USDA grant terminated but reapplication invited.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/748790/000121390025033420/0001213900-25-033420-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/748790/000121390025033420/ea0238127-8k_global.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-033420

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