Gevo Acquires CultivateAI for its Verity Business Unit
Gevo, Inc. (GEVO)
Last gevo, inc. earnings: 11/12 04:05 pm
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Source: GlobeNewswire
ENGLEWOOD, Colo., Sept. 26, 2024 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ: GEVO) has acquired Cultivate Agricultural Intelligence, LLC (“CultivateAI”) for $6 million in cash, with the opportunity for the sellers to receive additional earn-out payments. Gevo will fold CultivateAI into its wholly owned Verity subsidiary to accelerate Verity’s business development and growth. CultivateAI is a proven business with expected 2024 revenue of $1.7 million and corresponding positive cash flow. CultivateAI provides agricultural data to clients through a software as a service (“SaaS”) platform. Gevo expects to combine CultivateAI’s digital agriculture data and analytics platform with Verity’s carbon accounting and tracking solutions to provide the highest quality data-driven solutions for carbon abatement in food, feed, fuels, and industrial markets, while simultaneously helping farmers improve their operations, sustainability, and profitability. CultivateAI’s SaaS platform is a cloud-based, mo
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GEVO
News
- Gevo, Inc. Announces Sale of Approximately $20 Million of Investment Tax Credits Generated by the Gevo NW Iowa RNG Facility Under Inflation Reduction Act, Helping to Drive Further Investment in Clean EnergyGlobeNewswire
- Gevo to Participate in Virtual Investor MeetingGlobeNewswire
- Gevo: Expensive Ethanol Plant Acquisition May Not Meet Expectations -- Sell [Seeking Alpha]Seeking Alpha
- U.S. Grants Gevo a Patent for Breakthrough Ethanol-to-Olefin ProcessGlobeNewswire
- Gevo, Inc. (NASDAQ: GEVO) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $14.00 price target on the stock.MarketBeat
GEVO
Earnings
- 8/8/24 - In-Line
GEVO
Sec Filings
- 9/26/24 - Form 8-K
- 9/12/24 - Form 8-K
- 8/29/24 - Form 8-K
- GEVO's page on the SEC website