Benson Hill Inc（BHIL）のニュースとイベントBHILBenson Hill Inc

Benson Hill files Chapter 11 petitions

Benson Hill announced that it and its subsidiaries filed voluntary petitions for relief under Chapter 11 of Title 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware. The company further disclosed that it intends to pursue a sale of its business under Section 363 of the Bankruptcy Code, including a sale of all or a portion of the company's assets, while continuing to support its farmers, partners, and customers during the Chapter 11 process. To facilitate this process, in addition to having the use of its existing cash reserves, the company has received a commitment of approximately $11M in debtor-in-possession financing. Following court approval, the company expects this financing to provide the necessary liquidity to support operations throughout the Chapter 11 process. The company has filed a variety of "first-day" motions containing customary relief intended to support the company's ability to continue its ordinary course of operations, such as continuing to service its customers and honor its obligations to its remaining employees, as the company begins its efforts to effectuate the sale of its assets.

Benson Hill reports Q3 EPS ($4.14) vs. ($3.27) last year

Reports Q3 revenue $34.1M vs. $23.46M last year. "Our third-quarter results reflect Benson Hill's financial discipline and focus as we transform our business from a closed-loop manufacturing model to an asset-light licensing model," said Deanie Elsner, CEO of Benson Hill. "There is true and measurable potential for our proprietary seeds portfolio, and collaborations with farmers, seed dealers, poultry producers, soy processors, and academic partners illustrate the industry-wide demand for quality soy traits. As we continue our transformation, strategic partnerships will be pivotal to delivering market-driven demand for our seed innovations - which create value across the supply chain and deliver a clear sustainability advantage."