Aemetis Signs Amendment to Series A Preferred Unit Purchase Agreement With Protair-X Technologies and Third Eye Capital
Aemetis, through its subsidiary Aemetis Biogas, has amended its Series A Preferred Unit Purchase Agreement with Protair-X Technologies and Third Eye Capital. This amendment extends the redemption deadline for all outstanding Series A Preferred Units to April 30, 2026, setting the aggregate redemption price at $114.7 million, which includes a $2 million amendment fee. Should the units not be redeemed by this new date, Aemetis Biogas will enter into a new credit agreement, effective May 1, 2026, with a maturity of May 1, 2027, bearing an interest rate of 16.0% or prime plus 10.0%, whichever is greater.