Bioleum Corporation /
Comstock Fuels
Bioleum Corporation takes on Comstock’s renewable fuels assets
What happened
Bioleum Corporation received assets and related rights from Comstock Fuels Corporation and other assignors for the conversion of lignocellulosic biomass into low-carbon transportation fuels. The transfer was made in exchange for Bioleum preferred stock.
The filing says Comstock’s renewable fuels segment was separated into Bioleum Corporation, a new independent entity. Terms include $65 million in aggregate in Series 1 Preferred Stock issued to Comstock entities.
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Bioleum Corporation takes on Comstock’s renewable fuels assets
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