Business Context and Reporting Period
Company: Green Plains Renewable Energy, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: November 14, 2007
Event: Completion of a private placement of unregistered equity securities.
Key Financial Metrics
This filing reports a specific capital raise event rather than periodic financial performance metrics (e.g., revenue, profit, or cash flow). The filing text does not provide a clear value for operating results, margins, debt levels, or liquidity ratios.
- Shares Issued: 1.2 million shares of common stock.
- Purchase Price: $8.10 per share.
- Net Proceeds: Approximately $9.7 million.
- Investors: Nine accredited investors.
- Transaction Costs: No underwriters, broker-dealers, or finders were used; no commissions or finder's fees were paid.
Material Changes
The primary material change is the increase in equity capital and the dilution of existing shareholders resulting from the issuance of 1.2 million new shares. The filing does not provide comparative data against a prior period for operating metrics.
Guidance, Outlook, and Use of Proceeds
Use of Proceeds: Management expects to use the net proceeds for working capital and other general corporate purposes.
Regulatory Status: The sale was exempt from registration under Rule 506 of Regulation D and Section 4(2) of the Securities Act of 1933.
Risks/Contingencies: The filing does not explicitly detail new risks or contingencies beyond the standard nature of a private placement.
Investor Verification Checklist
- Verify the final closing of the $9.7 million net proceeds.
- Confirm the updated share count and potential dilution impact on existing shareholders.
- Review the attached press release (Exhibit 99.1) for additional strategic context regarding the use of funds.
- Monitor future filings for how the raised capital impacts working capital requirements and operational expansion.