Company: AMTX
Filing Date: 2025-02-12
Form Type: 424B5
Source: 0001437749-25-003485
Chunk: 11

Company: AEMETIS, INC
Filing Date: 2025-02-12
Form: 424B5
Chunk 11
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, which was the last reported sale price of our common stock on the Nasdaq Global Market on February 5, 2025, for aggregate net proceeds of approximately $48.2 million after deducting commissions and estimated aggregate offering expenses payable by us, you would experience immediate dilution of approximately $5.11 per share. See the section entitled “Dilution” on page S-13 of this prospectus supplement for a more detailed illustration of the dilution you would incur if you participate in this offering. As indicated, the gross proceeds raised in this offering may be less than $210,000,000 because the number of shares available to be sold is limited by the number of authorized shares of common stock in our Delaware certificate of incorporation.

We are currently not profitable and historically, we have incurred significant losses. If we incur continued losses, we may have to curtail our operations, which may prevent us from successfully operating and expanding our business.

Historically, we have relied upon cash from debt and equity financing activities to fund substantially all of the cash requirements of our activities. As of September 30, 2024, we had an accumulated deficit of approximately $546.7 million. For our fiscal years ended December 31, 2022 and 2023, we reported a net loss of $107.8 million and $46.4 million, respectively. We may incur losses for an indeterminate period of time and may not achieve consistent profitability. We expect to rely on cash on hand, if any, cash generated from our operations, borrowing availability, if any, under our lines of credit, and proceeds from future financing activities, if any, to fund all of the cash requirements of our business. In some market environments, we may have limited access to incremental financing, which could defer or cancel growth projects, reduce business activity, or cause us to default on our existing debt agreements if we are unable to meet our payment schedules. An extended period of losses or negative cash flow may prevent us from successfully operating and expanding our business.

Management will have broad discretion as to the use of the proceeds from this offering.

We intend to use the net proceeds of this offering to upgrade our Keyes, California facility with energy efficiency projects; to fund engineering, permitting, construction and start-up of new projects; to construct additional dairy digesters along with the related pipeline, gas clean-up and pipeline interconnection facilities; to repay certain indebtedness, to provide working capital; and to fund general corporate purposes. Our management will have broad discretion as