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Insider Trading Arrangements
3 Months Ended 12 Months Ended
Dec. 31, 2024
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Dec. 31, 2024
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Trading Arrangements, by Individual [Table]    
Material Terms of Trading Arrangement [Text Block]  

Item 9B.  Other Information.

 

(a) Current Reports

 

Item 1.01 Entry into a Material Definitive Agreement. 

 

On March 12, 2025, ABGL entered into an agreement entitled Eighth Waiver and Amendment to Series A Preferred Unit Purchase Agreement (“PUPA Eighth Amendment") with an Effective Date of January 31, 2025, that provides, among other provisions, the requirement for ABGL to redeem all of the outstanding Series A Preferred Units by April 30, 2025, for an aggregate redemption price of $114.8 million. The PUPA Eighth Amendment is attached at Exhibit 10.52 to this Form 10-K and is described in the notes to the Financial Statements in Item 8 of this Form 10-K under Note 9 Aemetis Biogas LLC – Series A Preferred Financing and Note 15 Subsequent Events. This description is a summary only and is qualified by the text of the attached Exhibit 10.52.

 

On March 12, 2025, Goodland Advanced Fuels, Inc. and Aemetis Carbon Capture, Inc. entered into an agreement entitled “Amendment and Waiver No. 6 to Credit Agreement” with Third Eye Capital Corporation to amend the existing Amended and Restated Credit Agreement to (i) replace the Fuels Revolving Line maturity date of March 1, 2025, with a new provision that makes the Fuels Revolving Line due on demand of the lender, and (ii) changes the interest rate for the Fuels Revolving Line to the greater of prime rate plus 11% or 15%. The Amendment is attached as Exhibit 10.66 to this Form 10-K and is also described in the notes to the Financial Statements in Item 8 of this Form 10-K under Note 5 Debt and Note 15 Subsequent Events. This description is a summary only and is qualified by the text of the attached Exhibit 10.66.

 

On March 12, 2025, Goodland Advanced Fuels, Inc. and Aemetis Carbon Capture, Inc. (collectively, the “Borrowers”) entered into a Promissory Note with Third Eye Capital Corporation that provides a credit commitment up to $10 million for the Borrowers to use for payment of outstanding interest and fees owed under the Amended and Restated Credit Agreement previously entered between the same parties. The note would accrue interest at 24% per annum on outstanding principal, have a maturity date of April 1, 2026, and is secured by a substantial part of the assets of the Company. The Promissory Note is attached as Exhibit 10.67 to this Form 10-K and is also described in the notes to the Financial Statements in Item 8 to this Form 10-K under Note 15 Subsequent Events. This description is a summary only and is qualified by the text of the attached Exhibit 10.67.

 

(b) Adoption and Termination of Rule 10b5-1 Stock Trading Plans by Officers and Directors

 

On December 17, 2024, Andrew B. Foster, Executive Vice President and Chief Operating Officer of the Company, adopted a Rule 10b5-1 Trading Plan that (i) took effect February 14, 2025, (ii) has a term lasting until March 17, 2026, (iii) provides for the sale of up to 447,834 shares of common stock to be issued upon exercise of options currently held by Mr. Foster, (iv) contains multiple limit orders designating the minimum prices upon which sales may occur, and (v) is intended to satisfy the affirmative defense conditions of Securities Exchange Act Rule 10b5-1(c). Mr. Foster's newly adopted Rule 10b5-1 Trading Plan replaces a previously adopted plan that expired on December 31, 2024. No shares were transacted under the expired plan.

Trading Arrangement, Securities Aggregate Available Amount 447,834 447,834
Non-Rule 10b5-1 Arrangement Adopted [Flag] false  
Non-Rule 10b5-1 Arrangement Terminated [Flag] false  
Rule 10b5-1 Arrangement Terminated [Flag] false  
Trading Arrangement Adoption Date December 17, 2024  
Trading Arrangement, Individual Name Andrew B. Foster  
Trading Arrangement, Individual Title Executive Vice President and Chief Operating Officer  
Rule 10b5-1 Arrangement Adopted [Flag] true