Benson Hill, Inc.: M&A transaction — Benson Hill sells pea products business for ~$23.2M, furloughs 43 employees

Benson Hill, Inc.

Sold pea products business for ~$23.2M gross proceeds; $2.4M cash at closing, $2.5M holdback.
$18.4M used to repay debt to First National Bank of Omaha; related credit agreement terminated.
43 employees (36% of workforce) placed on furlough as part of cost-reduction efforts.
No material charges expected from furloughs; duration and extent of furlough period uncertain.
Principal executive offices relocated to 1200 Research Boulevard, St. Louis, MO.

item 1.01 item 1.02 item 2.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

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

Benson Hill, Inc. completed a disposition involving Dakota Dry Bean, LLC for approximately $23.2 million of total gross proceeds (closed 2025-02-12).

Action: disposition
Counterparty: Dakota Dry Bean, LLC
Consideration: approximately $23.2 million of total gross proceeds
Closing: 2025-02-12

Exact text from the filing

to which, among other things, Seller agreed to sell, and Buyer agreed to purchase, substantially all of the assets relating to Seller’s pea products business for approximately $23.2 million of total gross proceeds, subject to certain adjustments, including an adjustment for inventory and other working capital (the “Purchase Price”). Holdings, a wholly owned

View on SEC.gov

Browse all m&a transactions →

Source: SEC EDGAR

accession 0001830210-25-000009

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.