Comstock investee Bioleum acquires RenFuel IP for $18.1M in stock, warrants, and debt forgiveness

Comstock Inc.

Purchase price: $12.5M in 520,833 Bioleum shares, $2.5M warrants at $24/share, $2.6M debt forgiveness, $500K cash.
Contingent earn-out of 3% of lignin ester revenues up to $11.9M cap.
Terminates Bioleum's prior ~$1M/year funding commitment to RenFuel.
Bioleum grants RenFuel exclusive license in biomaterials with 3% royalty; retains non-exclusive Americas license.
Development services agreement covers RenFuel's Uppsala lab and key fuels employees.

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