NewNet News - US renewable fuels provider New Generation Biofuels to replace $1m licensing payment with common stock and cash

US renewable fuels provider New Generation Biofuels to replace $1m licensing payment with common stock and cash

22 Feb 2010

US renewable fuels provider New Generation Biofuels has reached an agreement with Ferdinando Petrucci and PTJ Bioenergy Holdings to replace the upcoming $1m cash payment for its technology license due in equal installments on 20 February and 20 March 2010 with 1.1 million shares of the company's common stock and $120,000 in cash.

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Tags: biofuel

One Response to “US renewable fuels provider New Generation Biofuels to replace $1m licensing payment with common stock and cash”

James C. Roberts III says:

24 February 2010 at 8:33 am

I also wonder if the differing tax treatments of royalty payments and stock and cash payments made a difference.