South 8 Energy sells CORCs to Gevo for up to $1.275M cash and future certificates

SOUTH 8 ENERGY, LLC

South 8 sells an undisclosed quantity of carbon dioxide removal certificates (CORCs) to Gevo.
Base cash payment $637,500 due on Gevo's resale; additional $637,500 if Gevo fails to transfer CORCs by Dec 31, 2025.
Gevo to transfer a quantity of its own CORCs (from NZ-R) to South 8 as additional consideration.
If Gevo cannot resell CORCs by June 6, 2025, parties must renegotiate or return CORCs.
Agreement follows January 2025 Asset Purchase Agreement for South 8's asset sale to Gevo.

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