Benson Hill, INC

Market Movers (8-K)

Benson Hill, Inc. is converting its Chapter 11 bankruptcy cases to Chapter 7 liquidation, with management stating common stock is worthless.
Worse than expected
Benson Hill, Inc. has completed the sale of substantially all its assets to Confluence Genetics, LLC for $11 million in DIP credit bid and assumed liabilities, with no anticipated proceeds for stockholders following its Chapter 11 filing.
Capital raise
Worse than expected
Benson Hill, Inc. and its subsidiaries have filed for Chapter 11 bankruptcy and secured $11 million in debtor-in-possession financing to support ongoing operations and a potential sale of the business.
Worse than expected
Capital raise
Benson Hill, Inc. sells its pea products business to Dakota Dry Bean, LLC for approximately $23.2 million, as part of a strategic shift towards an asset-light business model.
Benson Hill's third-quarter results show revenue growth driven by grain sales and strategic partnerships, alongside a reduced net loss and progress in its transition to an asset-light licensing model.
Better than expected
Capital raise
J. Stephan Dolezalek resigned from Benson Hill's Board of Directors effective October 13, 2024, with no disagreements cited.

Quarterly Earnings (10-Q)

Benson Hill's Q3 2024 results reflect a company in transition, divesting assets and focusing on seed innovation while facing liquidity challenges.
Worse than expected
Capital raise
Benson Hill's Q2 2024 results reflect a strategic transition to an asset-light model, marked by divestitures and a focus on seed innovation.
Worse than expected
Capital raise
Benson Hill's first quarter of 2024 saw a significant shift towards an asset-light model, marked by the sale of key processing facilities and the full repayment of convertible notes.
Worse than expected
Capital raise

Annual Reports (10-K)

Benson Hill, Inc. has filed an amendment to its annual report on Form 10-K to include previously omitted information and updated certifications.
Delay expected
Benson Hill divests soy processing assets to accelerate transition to an asset-light business model, focusing on animal feed markets and leveraging its proprietary technology.
Capital raise
Worse than expected

Insider Trading (Form 4)

Director Craig Rohr forfeited 2,211 Earn Out Shares of Benson Hill, Inc. due to unmet stock price targets and corrected a clerical error in a previous filing.
Worse than expected
Rita Chiu, a director and 10% owner of Benson Hill, Inc., reports the disposal of 43,899 common stock shares due to the non-achievement of earnout targets, along with indirect ownership details.
Director Daniel Jacobi reports stock transactions, including vesting and grant of restricted stock units, following Benson Hill's 1-for-35 reverse stock split.
Director Linda Whitley-Taylor reports stock transactions, including vesting and grant of restricted stock units, following Benson Hill's 1-for-35 reverse stock split.
Director Craig Rohr reports stock transactions, including the vesting of restricted stock units and the grant of new units, following Benson Hill's 1-for-35 reverse stock split.
Director Molly Montgomery reports acquisition and disposal of Benson Hill stock units following a 1-for-35 reverse stock split.

Proxy Statements (Def-14A)

Benson Hill is seeking stockholder approval for a reverse stock split to maintain its listing on the New York Stock Exchange and attract investors.
Benson Hill files a supplement to its proxy statement to correct a typographical error regarding the number of authorized shares of common stock in relation to the proposed reverse stock split.
Benson Hill, Inc. will hold its Annual Stockholders Meeting virtually on July 18, 2024, and encourages stockholders of record as of June 11, 2024, to vote.
Benson Hill is asking stockholders to approve a reverse stock split and an amendment to the Certificate of Incorporation to provide officer exculpation.

Schedule 13D - Activist Investments

S2G Investments, LLC, a significant shareholder in Benson Hill, Inc., reports the completion of the sale of substantially all of Benson Hill's assets in Chapter 11 bankruptcy, anticipating the cancellation of all common stock.
Worse than expected
Benson Hill, Inc. has entered into a Debtor-in-Possession (DIP) financing agreement with S2G Investments, LLC and other lenders to fund its operations and a Section 363 asset sale process under Chapter 11 bankruptcy.
Capital raise
Worse than expected

Schedule 13G - Passive Investments

Multiple Mercury Fund entities and associated individuals have disclosed their beneficial ownership in Benson Hill, Inc., collectively holding up to 6.3% of the common stock as passive investors.