Risk Factors Update Summary
- Commercial production of renewable gasoline delayed from the first half of 2025 to 2026.
- Need for additional funds for construction and development of commercial production facilities, with uncertainty about availability.
- Uncertainty regarding Joint Development Agreement (JDA) and CDMA with Cottonmouth Ventures and CTV JV.
- Financial condition and results of operations could be impacted by the failure to qualify for low-carbon fuel credits.
- Limited history, lack of revenue, and limited liquidity make business evaluation challenging.
- Dependence on debt financing for operations, with uncertainty about favorable terms and availability.
- Increased focus on sustainability and ESG could negatively impact reputation and demand for products.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=1841425&owner=exclude
This content requires a 'Free' membership to view. Please create one here.
This content requires a 'Free' membership to view. Please create one here.