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 to Participate in Fireside Chat With H.C. WainwrightGlobeNewswire
- Is Gevo (GEVO) Stock Outpacing Its Oils-Energy Peers This Year? [Yahoo! Finance]Yahoo! Finance
- Gevo to Participate in Virtual Investor MeetingGlobeNewswire
- 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 Inc (GEVO) Q3 2024 Earnings Call Highlights: Strategic Milestones and Financial Challenges [Yahoo! Finance]Yahoo! Finance
GEVO
Earnings
- 11/7/24 - Beat
GEVO
Sec Filings
- 11/15/24 - Form 3
- 11/13/24 - Form 8-K
- 11/12/24 - Form SC
- GEVO's page on the SEC website