---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-002937"
form_type: "8-K"
ticker: "AMTX"
cik: "0000738214"
company_name: "AEMETIS, INC"
filed_at: "2023-02-10T23:59:59+00:00"
generated_at: "2026-06-19T18:40:15.013726+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Aemetis Biogas waives preferred unit default; redemption deadline extended to May 31, 2023 with higher price of $125M

## Summary
- Missed Dec 31, 2022 redemption of $116M Series A Preferred Units; waiver and amendment executed Feb 6, 2023.
- New redemption price $125M due by 2pm EST May 31, 2023; previously $116M.
- Failure to pay triggers automatic 24% interest credit agreement with Third Eye Capital/Protair-X Americas, maturity May 31, 2024.
- Fallback credit agreement includes quarterly mandatory prepayment from Free Cash Flow.
- Aemetis Inc. and affiliates guarantee obligations under the credit agreement.

## SEC filing metadata
- accession: 0001437749-23-002937
- form_type: 8-K
- ticker: AMTX
- cik: 0000738214
- company_name: AEMETIS, INC
- filed_at: 2023-02-10T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/738214/000143774923002937/0001437749-23-002937-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/738214/000143774923002937/amtx20230209_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-002937
- JSON: https://secwatch.observer/filing/0001437749-23-002937.json
- Plain text: https://secwatch.observer/filing/0001437749-23-002937.txt

## Key facts
- Material Agreements
  AEMETIS, INC amended Second Waiver and Amendment to Series A Preferred Unit Purchase Agreement with Third Eye Capital Corporation, as agent for Protair-X Americas valued at $125.0 million (effective 2023-02-06).
  - Action: amendment
  - Agreement: equity purchase
  - Counterparty: Third Eye Capital Corporation, as agent for Protair-X Americas
  - Value: $125.0 million
  - Effective: 2023-02-06
  source text: On February 6, 2023, Aemetis Biogas LLC, a Delaware limited liability company (“ ABGL ”) and Protair-X Americas, a Delaware corporation (the “ Purchaser ”) entered into a Second Waiver and Amendment to Series A Preferred Unit Purchase Agreement (the “ Amendment ”) with Third Eye Capital Corporation, an Ontario corporation, as agent for the Purchaser (“ Agent ” and together with ABGL and Purchaser, the “ Parties ”), amending that certain Series A Preferred Unit Purchase Agreement, dated December 20, 2018, by and among the Parties.
  evidence_url: https://www.sec.gov/Archives/edgar/data/738214/000143774923002937/0001437749-23-002937-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.