Comstock Inc. (LODE): M&A transaction — Comstock separates fuels into Bioleum Corp, closes $20M Series A tranche, Kreisler named CEO

Comstock Inc.

Completed separation of fuels segment into Bioleum Corp; Comstock received $65M in convertible preferred stock (32.5M common shares).
Bioleum closed initial $20M tranche of $50M planned Series A equity investment.
Kevin Kreisler resigned from Comstock entities, appointed CEO of Bioleum; De Gasperis executive chairman and CFO of Bioleum.
29.4M shares outstanding May 22; estimated fully diluted 32.7M after FPC settlement and Kips Bay conversion.
Comstock Metals achieved R2v3/RIOS certification for 100% landfill-free solar panel recycling.

item 1.01 item 2.01 item 3.02 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Kevin Kreisler

Officer, Director and/or Manager

LODE · Comstock Inc.

Effective: 2025-05-22
Filed: May 28, 2025, 7:59 PM ET

On May 22, 2025, Kevin Kreisler resigned as an officer, director and/or manager of any and all Comstock Entities and was appointed the new Chief Executive Officer of the new independent entity Bioleum Corporation.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Kevin Kreisler resigned as Officer, Director and/or Manager at Comstock Inc..

Action: resigned
Role: Officer, Director and/or Manager

Exact text from the filing

On May 22, 2025, Kevin Kreisler resigned as an officer, director and/or manager of any and all Comstock Entities and was appointed the new Chief Executive Officer of the new independent entity Bioleum Corporation.

View on SEC.gov

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Comstock Inc. completed a disposition involving Bioleum Corporation for 1,000,000 Series 1 Convertible Preferred Stock by Bioleum Corporation, with an original purchase price and liquidation preference of $65 per share, or $65 milli (closed 2025-05-21).

Action: disposition
Counterparty: Bioleum Corporation
Consideration: 1,000,000 Series 1 Convertible Preferred Stock by Bioleum Corporation, with an original purchase price and liquidation preference of $65 per share, or $65 milli
Closing: 2025-05-21

Exact text from the filing

(“Comstock”) announced the completion of the successful separation of all of the components of its renewable fuels segment into a new independent entity, Bioleum Corporation and the closing on the first $20 million in direct Convertible Preferred Stock - Series A equity investment.

View on SEC.gov

31 m&a transactions filed in the last 30 days. Browse all m&a transactions →

Comstock Inc. filing history →

Source: SEC EDGAR

accession 0001437749-25-018680

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.