Aemetis subsidiary amends procurement agreement, issues warrants to restart Keyes ethanol plant

AEMETIS, INC

Aemetis Keyes to pay Heiskell equivalent of 4 days grain over 120 days or by Sep 30, 2023, as restart working capital repayment.
Aemetis Keyes to build a $1.5M cash deposit via $20,000 daily payments over 75 days after repayment period ends.
Heiskell received warrants to purchase 100,000 Aemetis common shares at $2.50/share, exercisable for 10 years, unregistered.
Heiskell given exclusive rights to buy ethanol, WDGS, CDS/syrup, and corn oil from Keyes plant; ethanol sold to designated purchasers at same price.
Restart must occur by June 1, 2023, otherwise Heiskell may terminate immediately.

item 1.01 item 2.03 item 3.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

AEMETIS, INC amended Second Purchasing Agreement Amendment with J.D. Heiskell Holdings, LLC (effective 2023-05-25).

Action: amendment
Agreement: supply
Counterparty: J.D. Heiskell Holdings, LLC
Effective: 2023-05-25

Exact text from the filing

On May 25, 2023, Aemetis Keyes and Heiskell executed a Second Amendment (“ Second Purchasing Agreement Amendment ”) to that certain Amended and Restated Heiskell Purchasing Agreement dated May 16, 2013.

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

AEMETIS, INC amended Second Procurement Agreement Amendment with J.D. Heiskell Holdings, LLC (effective 2023-05-25).

Action: amendment
Agreement: supply
Counterparty: J.D. Heiskell Holdings, LLC
Effective: 2023-05-25

Exact text from the filing

On May 25, 2023, Aemetis Advanced Fuels Keyes, Inc., a Delaware corporation (“ Aemetis Keyes ”) and a wholly owned subsidiary of Aemetis. Inc., a Delaware corporation, and J.D. Heiskell Holdings, LLC, a California limited liability company (“ Heiskell ”, and together with Aemetis Keyes, the “ Parties ”), executed a Second Amendment (the “ Second Procurement Agreement Amendment ”) to that certain Amended and Restated Aemetis Keyes Grain Procurement and Working Capital Agreement dated as of May 13, 2020 (as amended and/or restated from time to time, the “ Procurement Agreement ”).

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

AEMETIS, INC amended Second Lease Amendment with J.D. Heiskell Holdings, LLC (effective 2023-05-25).

Action: amendment
Agreement: lease
Counterparty: J.D. Heiskell Holdings, LLC
Effective: 2023-05-25

Exact text from the filing

In connection with the entry into the Second Procurement Agreement Amendment and the Second Purchase Agreement Amendment, on May 25, 2023, Aemetis Keyes and Heiskell executed a Second Amendment (the “ Second Lease Amendment ”) to that certain Keyes Ethanol and Corn Tank Lease dated March 9, 2011, amended by that certain First Amendment dated May 13, 2020.

View on SEC.gov

Browse all material agreements →

AEMETIS, INC filing history →

Source: SEC EDGAR

accession 0001437749-23-016007

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.