Green Touch Builders | Gevo, Colorado biofuels maker, plans 1-for-15 reverse stock split
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April 20, 2015 By SEO Admin

Gevo, Colorado biofuels maker, plans 1-for-15 reverse stock split

Colorado biofuels company Gevo Inc. said Monday it will initiate a 1-for-15 reverse stock split effective as of the close of business, with trading resuming on Tuesday on the new, split-adjusted basis.

Shares of Gevo (Nasdaq: GEVO) closed at 17 cents Monday and have traded under $1 a share since the middle of May 2014.

The move was approved by the company’s stockholders as a special meeting on April 13, the Douglas County-based company said.

The reverse stock split will cut the number of outstanding…