Benson Hill Receives Court Approval of First-Day Motions to Support Ongoing Operations During Chapter 11 Process
Benson Hill (NASDAQ: BHIL) has received approval from the U.S. Bankruptcy Court for its initial 'first-day' motions following its Chapter 11 filing on March 20, 2025. The Court authorized several key measures to ensure business continuity, including:
- Access to $11 million in debtor-in-possession (DIP) financing from existing lenders, with $3 million immediately available
- Authorization for employee wages and benefits payments
- Permission to honor obligations to key business partners
- Maintenance of existing cash management systems
The DIP financing will support payroll, vendor payments, and critical operating expenses. A final hearing for full DIP financing approval is scheduled for April 16. Interim CEO Dan Cosgrove emphasized the company's commitment to maintaining momentum while restructuring their financial foundation.
Benson Hill (NASDAQ: BHIL) ha ricevuto l'approvazione dal Tribunale Fallimentare degli Stati Uniti per le sue prime 'richieste del primo giorno' a seguito della sua richiesta di Chapter 11 presentata il 20 marzo 2025. Il Tribunale ha autorizzato diverse misure chiave per garantire la continuità aziendale, tra cui:
- Accesso a $11 milioni in finanziamenti per debitori in possesso (DIP) da parte dei creditori esistenti, con $3 milioni immediatamente disponibili
- Autorizzazione per il pagamento degli stipendi e dei benefici ai dipendenti
- Permesso di onorare gli obblighi verso i partner commerciali chiave
- Mantenimento dei sistemi di gestione della liquidità esistenti
Il finanziamento DIP supporterà il pagamento degli stipendi, i pagamenti ai fornitori e le spese operative critiche. Un'udienza finale per l'approvazione completa del finanziamento DIP è programmata per il 16 aprile. L'amministratore delegato ad interim Dan Cosgrove ha sottolineato l'impegno dell'azienda a mantenere slancio mentre ristruttura le proprie fondamenta finanziarie.
Benson Hill (NASDAQ: BHIL) ha recibido la aprobación del Tribunal de Quiebras de EE. UU. para sus primeras 'solicitudes del primer día' tras su presentación de Capítulo 11 el 20 de marzo de 2025. El Tribunal autorizó varias medidas clave para garantizar la continuidad del negocio, incluyendo:
- Acceso a $11 millones en financiamiento para deudores en posesión (DIP) de prestamistas existentes, con $3 millones disponibles de inmediato
- Autorización para el pago de salarios y beneficios a empleados
- Permiso para honrar obligaciones con socios comerciales clave
- Mantenimiento de los sistemas de gestión de efectivo existentes
El financiamiento DIP apoyará la nómina, los pagos a proveedores y los gastos operativos críticos. Una audiencia final para la aprobación completa del financiamiento DIP está programada para el 16 de abril. El CEO interino Dan Cosgrove enfatizó el compromiso de la empresa de mantener el impulso mientras reestructura su base financiera.
벤슨 힐 (NASDAQ: BHIL)은 2025년 3월 20일에 제출한 챕터 11 신청에 따라 미국 파산 법원으로부터 초기 '첫날' 청구에 대한 승인을 받았습니다. 법원은 사업 지속성을 보장하기 위해 여러 주요 조치를 승인했습니다. 이에는 다음이 포함됩니다:
- 기존 대출자로부터 1,100만 달러의 채무자 소유 자금(DIP) 조달에 대한 접근, 즉시 사용 가능한 300만 달러 포함
- 직원 급여 및 복리후생 지급을 위한 승인
- 주요 비즈니스 파트너에 대한 의무 이행 허가
- 기존 현금 관리 시스템 유지
DIP 자금 조달은 급여, 공급업체 지급 및 중요한 운영 비용을 지원합니다. 전체 DIP 자금 조달 승인을 위한 최종 청문회는 4월 16일로 예정되어 있습니다. 임시 CEO인 댄 코스그로브는 재정 기반을 재구성하는 동안 회사의 동력을 유지하겠다는 의지를 강조했습니다.
Benson Hill (NASDAQ: BHIL) a reçu l'approbation du Tribunal des faillites des États-Unis pour ses premières 'demandes du premier jour' suite à sa déclaration de faillite en vertu du Chapitre 11 le 20 mars 2025. Le Tribunal a autorisé plusieurs mesures clés pour garantir la continuité des affaires, notamment :
- Accès à 11 millions de dollars de financement pour débiteurs en possession (DIP) de la part de créanciers existants, dont 3 millions de dollars immédiatement disponibles
- Autorisation pour le paiement des salaires et des avantages des employés
- Permission d'honorer les obligations envers les partenaires commerciaux clés
- Maintien des systèmes de gestion de trésorerie existants
Le financement DIP soutiendra les salaires, les paiements aux fournisseurs et les dépenses opérationnelles critiques. Une audience finale pour l'approbation complète du financement DIP est prévue pour le 16 avril. Le PDG par intérim Dan Cosgrove a souligné l'engagement de l'entreprise à maintenir son élan tout en restructurant ses bases financières.
Benson Hill (NASDAQ: BHIL) hat die Genehmigung des US-Insolvenzgerichts für seine ersten 'Erstanträge' nach der Einreichung des Chapter 11 am 20. März 2025 erhalten. Das Gericht genehmigte mehrere wichtige Maßnahmen zur Sicherstellung der Geschäftskontinuität, darunter:
- Zugang zu 11 Millionen Dollar an Debtor-in-Possession (DIP) Finanzierungen von bestehenden Gläubigern, davon 3 Millionen Dollar sofort verfügbar
- Genehmigung zur Zahlung von Löhnen und Sozialleistungen an Mitarbeiter
- Erlaubnis, Verpflichtungen gegenüber wichtigen Geschäftspartnern zu erfüllen
- Beibehaltung der bestehenden Cash-Management-Systeme
Die DIP-Finanzierung wird die Gehaltsabrechnung, Zahlungen an Lieferanten und kritische Betriebskosten unterstützen. Eine abschließende Anhörung zur vollständigen Genehmigung der DIP-Finanzierung ist für den 16. April angesetzt. Der interimistische CEO Dan Cosgrove betonte das Engagement des Unternehmens, während der Umstrukturierung der finanziellen Basis den Schwung aufrechtzuerhalten.
- Court approval ensures business continuity with minimal disruption
- Secured $11M in DIP financing with $3M immediately available
- Authorization to maintain employee wages and benefits
- Ability to honor key vendor and supplier obligations
- Company filed for Chapter 11 bankruptcy protection
- Requires court supervision for financial restructuring
- DIP lenders granted credit bid rights in case of default
Insights
The court's approval of Benson Hill's first-day motions represents a standard initial step in the Chapter 11 process, but investors should recognize the serious implications. The $11 million DIP financing package - with only
The court authorizations follow typical bankruptcy protocols: maintaining operations, paying employees, honoring critical vendor obligations, and preserving cash management systems. However, a critical detail is the authorization for DIP lenders to credit bid for assets, which often signals preparation for potential asset sales during bankruptcy proceedings.
For shareholders, Chapter 11 proceedings historically result in substantial or complete equity dilution as creditors' claims take priority. The company's interim CEO framing this as an opportunity to "maintain momentum" while restructuring should be viewed cautiously - bankruptcy proceedings typically result in significant corporate transformation, not merely financial adjustments.
The scheduled April 16 final hearing for full DIP approval will be a crucial milestone to monitor, as it may provide further clarity on the restructuring timeline and potential outcomes for various stakeholders.
Benson Hill's bankruptcy filing signals deeper challenges in the seed innovation sector beyond simple financial restructuring. As a company focused on proprietary soybean genetics and soy quality traits, their distress could impact the competitive landscape for plant-based protein ingredients and specialized seed technologies.
The approved first-day motions aim to preserve the company's operational capabilities through this transition, which is critical for maintaining their intellectual property value and customer relationships. However, the
The timing is particularly noteworthy as it comes amid growing industry consolidation in agricultural biotechnology. Benson Hill's unique position in developing more nutritious and sustainable crop varieties through their CropOS technology platform represents significant intellectual property that creditors and DIP lenders will likely seek to preserve through this process.
For the broader agricultural innovation ecosystem, this bankruptcy raises questions about the capital-intensive nature of developing novel seed genetics and the timeline required to achieve sustainable commercialization. The outcome will be closely watched by competitors, potential acquirers, and industry stakeholders focused on plant-based protein supply chains.
- Operations will continue as normal for the Company during the transitional period.
- Employee wages and benefits will be paid following DIP financing approval.
- Court authorizes vendor payments and critical operational support.

Benson Hill, Inc. (Nasdaq: BHIL, “Benson Hill”), a seed innovation company, today announced that the
These approvals are expected to ensure business continuity as Benson Hill works to strengthen its financial position and continue advancing its work to deliver better feed, food, and fuel through innovative soybean seed genetics and soy quality traits.
The Court’s orders allow the Company and its affiliated debtors to continue day-to-day operations with minimal disruption, including:
-
Access to up to
in debtor-in-possession (DIP) financing from existing lenders, including Expedition Ag Holdings, S2G Investments, Steve Kahn, and ProAgInvest, with an initial$11 million available immediately. These funds will support payroll, vendor payments, and other critical operating expenses.$3 million - Authorization to pay employee wages and benefits without interruption.
- Ability to honor prepetition obligations to key business partners—including critical vendors, shippers, warehouse providers, and suppliers with administrative expense claims under section 503(b)(9)—to maintain operational continuity and preserve value in the business.
- Permission to maintain existing cash management systems, bank accounts, and routine business operations.
- Legal authorization for DIP lenders to credit bid for assets, along with other customary protections in the event of default.
“These approvals give us the opportunity to maintain momentum while we take the necessary steps to restructure our financial foundation,” said Dan Cosgrove, Interim Chief Executive Officer of Benson Hill. “We remain focused on delivering value to our customers and partners while positioning the business for long-term success and maximizing value for all of our stakeholders.”
A final hearing to consider approval of the full DIP financing and vendor-related motions is scheduled for April 16.
Additional information about the Chapter 11 process is available on the website maintained by the Company’s claims agent Stretto, Inc., at https://cases.stretto.com/bensonhill.
About Benson Hill
Benson Hill is a seed innovation company that unlocks nature’s genetic diversity in soy quality traits through a combination of its proprietary genetics, its AI-driven CropOS® technology platform, and its Crop Accelerator. Benson Hill collaborates with strategic partners to create value throughout the agribusiness supply chain to meet the demand for better feed, food, and fuel. For more information, visit bensonhill.com or X, formerly known as Twitter at @bensonhillinc.
Cautionary Note Regarding Forward-Looking Statements
This press release contains certain “forward-looking statements” within the meaning of Section 27A of the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are based upon assumptions made by the Company as of the date hereof and are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Among those risks, uncertainties and other factors are: (i) the Company’s ability to obtain Court approval with respect to motions or other requests made to the Court in the Chapter 11 process, including maintaining strategic control as a debtor-in-possession; (ii) the ability of the Company to negotiate and consummate a sale transaction; (iii) the effects of the Chapter 11 filing on the Company and on the interests of various constituents, including holders of the Company’s common stock; (iv) Court rulings in the Chapter 11 process in general; (v) the length of time that the Company will operate under Chapter 11 protection and the continued availability of operating capital during the pendency of the proceedings; (vi) risks associated with third party motions in the Chapter 11 process, which may interfere with the Company’s ability to negotiate and consummate a sale transaction; (vii) the potential adverse effects of the Chapter 11 proceedings on the Company’s liquidity or results of operations; (viii) increased advisory costs during the pendency of the proceedings; (ix) the impact of Nasdaq’s delisting of the Company’s common stock on the price and trading market of the Company’s common stock; and (x) other factors disclosed by the Company from time to time in its filings with the Securities and Exchange Commission, including those set forth in the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023 and its Quarterly Reports, which are available on the SEC’s website at www.sec.gov. There may be additional risks about which the Company is presently unaware or that the Company currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. The reader should not place undue reliance on forward-looking statements, which speak only as of the date they are made. The Company expressly disclaims any duty to update these forward-looking statements, whether as a result of new information, future events or otherwise, except as otherwise required by law.
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Christi Dixon: (636) 359-0797 / cdixon@bensonhill.com
Source: Benson Hill