Aemetis extends biogas unit's $118.8M preferred unit redemption deadline; faces 16%+ credit if unmet

AEMETIS, INC

ABGL extends redemption of Protair-X's Series A Preferred Units from Aug 31, 2025 to Dec 31, 2025.
Aggregate redemption price set at $118.8 million, including $2 million fee for the tenth amendment.
If not redeemed by Dec 31, ABGL enters a credit agreement with interest at greater of 16% or prime+10%.
Credit agreement has maturity of Jan 1, 2027; guaranteed by Aemetis and subsidiaries, secured by assets.
The amendment waives prior non-compliance with the original August 31, 2025 redemption requirement.

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