South 8 Energy Announces Corporate Rebranding Post-Asset Sale

South 8 Energy, LLC, previously known as Red Trail Energy, LLC, has officially changed its name following the closure of a significant asset transaction. The North Dakota Secretary of State approved the company’s rebranding on February 24, 2025, as detailed in an 8-K filing with the Securities and Exchange Commission.

The company, which operates in the industrial organic chemicals sector, completed the sale of a substantial portion of its assets to Gevo , Inc. (NASDAQ: NASDAQ:GEVO) and its subsidiaries, Richardton CCS, LLC and Net-Zero Richardton, LLC, on January 31, 2025. According to InvestingPro data, Gevo maintains a strong liquidity position with a current ratio of 8.25 and holds more cash than debt on its balance sheet. This deal was initially outlined in an Asset Purchase Agreement dated September 10, 2024.

In line with this development, South 8 Energy filed Articles of Amendment to modify its Articles of Organization on February 10, 2025. The amendment included the name change to South 8 Energy, LLC, reflecting a new chapter for the organization post-asset sale. Despite the changes, the company’s fiscal year-end remains on September 30. For deeper insights into Gevo’s financial health and 14+ additional ProTips, consider exploring InvestingPro.

The rebranding and asset sale are part of South 8 Energy’s strategic initiatives as it adapts to the evolving marketplace and positions itself for future operations. The company’s business address and contact information remain unchanged in Richardton, North Dakota.

Investors and stakeholders can find the accepted Articles of Amendment attached as Exhibit 3.1 in the 8-K filing. The company has also agreed to furnish copies of any omitted schedules or exhibits from the Asset Purchase Agreement to the SEC upon request.

This corporate update is based on the latest press release statements and SEC filings made by South 8 Energy, LLC.

In other recent news, Gevo, Inc. has announced a strategic alliance with Axens to advance the development of sustainable aviation fuel through the ethanol-to-jet technology pathway. This collaboration aims to combine Gevo’s ethanol-to-olefins process with Axens’ Jetanol™ technology to create a cost-effective and commercially viable sustainable aviation fuel. In a separate development, Gevo completed the acquisition of Red Trail Energy for $210 million, which is expected to enhance its sustainable energy production capabilities. Analyst Amit Dayal from H.C. Wainwright maintained a Buy rating on Gevo with a $14 price target, reflecting confidence in the company’s strategic direction and financial health post-acquisition.

Additionally, Gevo has extended its joint development agreement with LG Chem to expedite the commercialization of its Ethanol-to-Olefins technology. This extension will allow LG Chem to assess its current assets for the application of this technology, aiming to produce renewable building blocks for various fuels and chemicals. The strategic moves align with Gevo’s focus on sustainability and carbon reduction. These recent developments highlight Gevo’s ongoing efforts to expand its portfolio in renewable energy and sustainable chemical production.

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