Global Clean Energy settles ExxonMobil dispute for $18.3M, secures $75M Vitol credit and offtake deal

Global Clean Energy Holdings, Inc.

Settled ExxonMobil dispute for $18.26M; cancelled 125K Series C shares and all warrants.
Amendment No. 16 upsized Tranche D facility to $272.15M; converted $132.44M Tranche B loans to Tranche C+.
New $75M Vitol RCF to fund working capital; exclusive 36-month supply/offtake for renewable diesel and naphtha.
ExxonMobil-appointed directors Timothy Iezzoni and Amy Wood resigned from board.

item 1.01 item 2.03 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

Timothy J. Iezzoni

Director

Global Clean Energy Holdings, Inc.

Filed: June 26, 2024, 7:59 PM ET

On the Effective Date Timothy J. Iezzoni and Amy K. Wood voluntary resigned from the Board of Directors of the Company and all committees thereof.

Departed

Amy K. Wood

Director

Global Clean Energy Holdings, Inc.

Filed: June 26, 2024, 7:59 PM ET

On the Effective Date Timothy J. Iezzoni and Amy K. Wood voluntary resigned from the Board of Directors of the Company and all committees thereof.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Timothy J. Iezzoni resigned as Director at Global Clean Energy Holdings, Inc..

Action: resigned
Role: Director

Exact text from the filing

On the Effective Date Timothy J. Iezzoni and Amy K. Wood voluntary resigned from the Board of Directors of the Company and all committees thereof.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Amy K. Wood resigned as Director at Global Clean Energy Holdings, Inc..

Action: resigned
Role: Director

Exact text from the filing

On the Effective Date Timothy J. Iezzoni and Amy K. Wood voluntary resigned from the Board of Directors of the Company and all committees thereof.

View on SEC.gov

Source: SEC EDGAR

accession 0001628280-24-029974

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