secwatch.observer — SEC 8-K summary
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Issuer:     SOUTH 8 ENERGY, LLC (—)
CIK:        0001359687
Form:       8-K
Filed at:   2025-02-03T23:59:59+00:00
Accession:  0001359687-25-000008
Event type: m_and_a
Sentiment:  neutral
Materiality: 1.00
Item codes: 1.02, 2.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Red Trail Energy sells substantially all assets to Gevo for $210M
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- Sale closed Jan 31, 2025; Gevo (NASDAQ: GEVO) acquired assets for $210M, subject to adjustments.
- Cornerstone Bank loans repaid: $10M revolving note, $25M carbon-capture loan, plus $5.41M Ethanol Recovery Program loan.
- CEO Jodi Johnson's employment agreement terminated; she remains CEO and received $25k closing award.
- Grain merchandiser Ryan Weige terminated by company and hired by Gevo subsidiary.
- Company no longer maintains operations following the asset sale.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1359687/000135968725000008/0001359687-25-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1359687/000135968725000008/red-20250131.htm
  HTML page:      https://secwatch.observer/filing/0001359687-25-000008

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