secwatch.observer — SEC 8-K summary
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Issuer:     AEMETIS, INC (AMTX)
CIK:        0000738214
Form:       8-K
Filed at:   2023-02-10T23:59:59+00:00
Accession:  0001437749-23-002937
Event type: debt
Sentiment:  negative
Materiality: 0.85
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/738214/000143774923002937/0001437749-23-002937-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/738214/000143774923002937/amtx20230209_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-002937

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