Vertex Energy INC

Vertex Energy's common stock is set to be delisted from Nasdaq and will continue trading on the OTC Pink Market following the company's Chapter 11 bankruptcy filing.

Vertex Energy's reorganization plan has been approved by the Bankruptcy Court, paving the way for the company to emerge from Chapter 11.

Vertex Energy has granted a $284,750 retention bonus to its recently appointed Chief Commercial Officer, Joshua Foster, subject to certain repayment conditions.

Vertex Energy announces the successful startup of its Mobile, Alabama refinery hydrocracker in conventional service, marking a shift towards higher-value refined product production.

Vertex Energy has entered into a $280 million debtor-in-possession financing agreement to support its restructuring efforts under Chapter 11 bankruptcy.

Vertex Energy has entered a restructuring support agreement with its lenders and commenced voluntary Chapter 11 proceedings to facilitate a financial restructuring.

Vertex Energy's Q2 2024 results show a net loss, impacted by a strategic pause in renewable diesel production and a pivot to conventional fuels, alongside ongoing financial and legal challenges.

Vertex Energy has filed an amendment to its quarterly report to include previously omitted exhibits and secured lender consent for a property sale and payment extensions.

Vertex Energy's first quarter results for 2024 were impacted by losses in the renewable diesel unit and decreased benchmark prices, despite a slight increase in overall revenue.

Vertex Energy has filed an amendment to its annual report to include a director's trading plan and iXBRL data tagging that were initially omitted.

Vertex Energy's 2023 annual report details a year of strategic shifts, including the full operation of the Mobile Refinery and the launch of renewable diesel production, amidst fluctuating commodity prices and economic pressures.

Vertex Energy has completed its Chapter 11 restructuring, cancelling all existing common stock and issuing new equity to creditors.