Key Developments: Pacific Ethanol Inc (PEIX.O)

PEIX.O on Consolidated Issue listed on NASDAQ Capital Market

10.88USD
19 Dec 2014
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Latest Key Developments (Source: Significant Developments)

Pacific Ethanol increases plant ownership to 96 pct
Tuesday, 2 Sep 2014 08:30am EDT 

Pacific Ethanol Inc:Announced that it has purchased an additional 5 pct ownership interest in PE Op Co., the owner of the Pacific Ethanol plants, for a total cash purchase price of $6,000,000.Acquisition increased the company's ownership interest in the Pacific Ethanol plants to 96 pct.  Full Article

Pacific Ethanol receives $3 mln Grant to Support Sorghum Feedstock Program
Monday, 28 Jul 2014 08:32am EDT 

Pacific Ethanol Inc:Receives a $3 mln matching grant from California Energy Commission to develop a sorghum feedstock program collaboratively with Chromatin, Inc.  Full Article

Pacific Ethanol Inc added to Russell 3000, Russell 2000 and Russell Global Indexes
Tuesday, 1 Jul 2014 08:30am EDT 

Pacific Ethanol Inc:Announced its inclusion in Russell 3000, Russell 2000 and Russell Global Indexes as result of annual Russell Investments reconstitution of its comprehensive set of U.S. and global equity indexes finalized on June 27, 2014.  Full Article

Pacific Ethanol Inc closes $28.0 million public offering of common stock
Wednesday, 9 Apr 2014 08:30am EDT 

Pacific Ethanol Inc:Closed its previously announced underwritten public offering of 1,750,000 shares of its common stock at a public offering price of $16.00 per share, for gross offering proceeds of $28.0 million.The net offering proceeds to Pacific Ethanol are expected to be about $26.0 million.It intends to use the net proceeds from the offering to fully repay the about $0.5 million in outstanding principal and accrued and unpaid interest owed under the terms of its senior unsecured notes.It will use the remaining balance of the net proceeds from the offering for general corporate purposes, including strengthening its balance sheet.  Full Article

Pacific Ethanol prices $28 mln offering of common stock
Thursday, 3 Apr 2014 08:30am EDT 

Pacific Ethanol Inc:Prices an underwritten offering of 1,750,000 shares of its common stock at a price to the public of $16.00 per share, for gross offering proceeds of $28.0 million.Lazard Capital Markets LLC and Cowen and Company, LLC are acting as joint book-running managers for the offering.Intends to use the net proceeds from the offering to pay about $0.9 million in outstanding principal and accrued and unpaid interest.  Full Article

Pacific Ethanol Inc announces purchase of ownership interests in New PE Holdco
Monday, 16 Dec 2013 09:03am EST 

Pacific Ethanol Inc:Says it entered into agreements to purchase an aggregate of 6% of additional ownership interests in New PE Holdco LLC, the owner of the Pacific Ethanol plants, for a total cash purchase price of $500,000.Says the acquisition will increase the company's ownership interest in the Pacific Ethanol plants to 91%.  Full Article

Pacific Ethanol Inc Closes Second Installment Of Financing Transaction
Wednesday, 26 Jun 2013 08:30am EDT 

Ethanol Inc announced that it has closed the second installment of its financing, issuing $8.0 million in subordinated convertible Series B notes. As announced on March 28, 2013, the Company entered into an agreement to raise up to $14.0 million in two installments. The first closed on March 28, 2013 and included the issuance of $6.0 million in subordinated convertible Series A notes, together with Series A Warrants and Series B Warrants. On June 21, 2013, the Company purchased the remaining $4.1 million of Plant debt due on June 25, 2013 for $3.0 million, extending the maturity of $2.9 million of the purchased debt to June 2016 and retiring $1.2 million of the purchased debt. The Company also purchased an additional 2% ownership interest in the Pacific Ethanol Plants for $0.2 million, increasing its total ownership to 85%.  Full Article

Chromatin and Pacific Ethanol Inc Sign Multi-Year Agreement for Locally-Grown Sorghum in Ethanol Production
Monday, 18 Feb 2013 08:00am EST 

Pacific Ethanol Inc and Chromatin, Inc., provider of crop breeding technology, sorghum seed products and feedstocks announced they have entered into a multi-year agreement to produce, deliver and use locally grown sorghum in the production of ethanol. The agreement covers up to 30,000 acres of Chromatin sorghum to be grown over multiple years and supplied to Pacific Ethanol.  Full Article

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