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Why Gevo Stock Cratered on Wednesday

TheMotleyFool

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Shares of renewable fuels company Gevo (NASDAQ: GEVO) crashed in early trading Wednesday, falling 14.3% by 10:40 a.m., and Gevo has only itself to blame.

This morning, in an 8-K filing with the Securities and Exchange Commission, Gevo announced that it has amended a 2018 agreement providing for the issuance and sale of new stock "at the market" price to permit creation of new shares worth up to $150 million in total.

Image source: Getty Images.

Source Fool.com

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