Vertex Energy INC 8-K filings

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 has announced the resignation of Doug Haugh as Chief Commercial Officer, with Joshua Foster appointed as his replacement, and CEO Benjamin Cowart assuming interim COO duties.

Vertex Energy, Inc. has received a notice from Nasdaq for not meeting the minimum bid price requirement, placing its listing at risk.

Vertex Energy has entered into an agreement for a $25 million term loan, consented to reduced liquidity requirements, initiated a process to sell assets, and appointed a new board member.

Vertex Energy announced its second quarter 2024 financial results, highlighting a net loss and decreased profitability due to lower crack spreads, while also detailing strategic shifts in its operations.

Vertex Energy has entered into an agreement for a $20 million term loan, alongside amendments to its existing loan agreement and the appointment of a Chief Restructuring Officer.

Vertex Energy files an amended 8-K to correct scriveners errors in a previously filed warrant agreement related to a loan amendment.

Vertex Energy's Chief Operating Officer, James Rhame, will retire effective July 25, 2024, with Chief Commercial Officer, Douglas Haugh, appointed as interim COO.

Vertex Energy reports lower operating expenses and capital expenditures for the second quarter of 2024, with throughput volumes within the previously provided guidance range.

Vertex Energy has entered into an agreement for a $15 million term loan, along with issuing warrants for 500,000 shares of common stock, and amending its existing loan and supply agreements.

Vertex Energy has obtained limited consents from its lenders and Macquarie to temporarily operate with a reduced cash balance, below $25 million but not less than $15 million, for a period of three days prior to June 21, 2024.

Vertex Energy has entered into several agreements to amend its credit facilities and intercreditor arrangements, including adjustments to cash restrictions and lien releases.

Vertex Energy held its 2024 Annual Meeting of Stockholders, electing directors and ratifying the appointment of its independent auditors.

Vertex Energy has amended its existing supply agreement with Macquarie and terminated a separate supply agreement related to its renewables business, effective May 24, 2024.

Vertex Energy and its subsidiaries have amended their supply and offtake agreement with Macquarie, modifying offtake arrangements and fees following changes in their offtake agreements with Shell and Glencore.

Vertex Energy reported improved financial results for Q1 2024 and announced a strategic pivot from renewable diesel to conventional fuel production.

Vertex Energy reports exceeding its conventional throughput guidance for the first quarter of 2024, alongside improved crack spreads and reduced operating expenses and capital expenditures.

Vertex Energy has amended its 2020 Equity Incentive Plan to include Restricted Stock Units and increase the number of shares available for issuance by 3,740,573.

Vertex Energy issued a corrected press release for its fourth quarter and full year 2023 financial results, revising the reported net loss per fully-diluted share.

Vertex Energy announced a net loss for both the fourth quarter and full year 2023, alongside a decrease in adjusted EBITDA, while highlighting progress in its renewable diesel business.

Vertex Energy's Board of Directors approved and adopted Second Amended and Restated Bylaws, clarifying meeting procedures, director nomination processes, and proxy solicitation rules.

Vertex Energy reported slightly lower than expected conventional and renewable throughput volumes for Q4 2023, while also noting improved operating expenses and a significant decrease in capital expenditures.