Welcome to our dedicated page for Benson Hill news (Ticker: BHIL), a resource for investors and traders seeking the latest updates and insights on Benson Hill stock.
Benson Hill Inc. (NYSE: BHIL) drives innovation in agriculture through its AI-powered CropOS platform and sustainable seed development. This news hub provides investors and industry stakeholders with essential updates about the company's advancements in crop improvement and food system transformation.
Access authoritative information on BHIL's latest developments, including earnings reports, strategic partnerships, product launches, and sustainability initiatives. Our curated collection features press releases and verified news covering key focus areas like predictive breeding advancements, soy protein innovation, and proprietary seed portfolio expansions.
Stay informed about critical updates across Benson Hill's operational segments - from ingredient technology breakthroughs to non-proprietary agricultural solutions. Content spans financial performance, R&D milestones, and market expansion efforts in aquaculture and specialty feed sectors. Bookmark this page for reliable updates on how BHIL leverages machine learning and genomic analytics to redefine modern agriculture.
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Benson Hill (NYSE: BHIL) announced the appointment of Linda Whitley-Taylor and Molly Montgomery to its Board of Directors, aimed at enhancing its growth as a sustainable food tech company. Whitley-Taylor, with a strong background in HR, will chair the Compensation Committee, focusing on talent retention. Montgomery, an experienced public company director, will head the Sustainability and Governance Committee, emphasizing ESG priorities. These appointments come as Benson Hill builds momentum in its supply chain for proprietary soybean ingredients to promote sustainable food options.
Benson Hill announced it will release its financial results for Q3 2021 on November 15, 2021, before market open. The company's pro forma balance sheet shows nearly $300 million in cash and marketable securities, facilitating its strategic growth. The merger with Star Peak Corp II marks a milestone, expanding its shareholder base with 160 million shares. Notable achievements include a 133% increase in proprietary soybean planted acres and the acquisition of a soy crushing facility. A webcast will follow the earnings release, featuring a discussion by CEO Matt Crisp.
Benson Hill has successfully completed its business combination with Star Peak Corp II, resulting in the company now trading under the ticker BHIL on the NYSE as of September 30, 2021. This transaction generates approximately $320 million in gross proceeds, enhancing Benson Hill's capacity for growth in the plant-based food sector. The company aims to leverage its CropOS® technology platform for innovation in sustainable food production, and has reported a 28% increase in revenue to $39.7 million for Q2 2021, indicating strong momentum.
Benson Hill, a food technology company, will host a webcast for retail investors on September 17, 2021, ahead of its anticipated merger with Star Peak Corp II (NYSE: STPC). The merger is expected to finalize by September 28, 2021, pending stockholder approval. Benson Hill is utilizing the Say Connect platform to enhance investor engagement, allowing retail investors to submit questions before the webcast. This initiative emphasizes the company's commitment to transparency and accessibility as it prepares for its public listing under the ticker symbol BHIL.
Benson Hill launched an advanced yellow pea breeding program aimed at enhancing the plant-based protein market. This initiative will develop non-GMO yellow pea varieties with better taste and higher protein content, potentially reducing processing costs. The yellow pea market is projected to reach $140 billion by 2029. The company has established a breeding station in North Dakota and is leveraging its CropOS® platform for innovation. This program aligns with Benson Hill's growth strategy in the food tech sector.
Benson Hill announced strong Q2 2021 results with revenues at $39.7 million, a 28% increase year-over-year. Adjusted gross profit reached $2.8 million (7% of sales), despite a reported net loss of $27.4 million. The Ingredients Segment saw a 64% revenue increase, driven by the commercialization of its proprietary soybean products. Additionally, the company has contracted 70,000 acres of soybeans for planting, a 133% growth. A merger with Star Peak Corp II is expected to finalize in Q3 2021, providing the combined entity with gross proceeds of $625 million.
Benson Hill, a food tech company, will release its Q2 2021 financial results on August 10, 2021, before market opens. A webcast led by senior management will follow at 8:30 a.m. ET to discuss the results. The company is set to merge with Star Peak Corp II (NYSE: STPC), transitioning to the NYSE under the new ticker BHIL. This merger is subject to shareholder approval, with a Registration Statement filed with the SEC detailing the proposed transactions. Stakeholders are encouraged to review the forthcoming proxy statement for vital information.
Benson Hill will participate in the Canaccord Genuity 41st Annual Growth Conference on August 11, 2021. CEO Matt Crisp and CFO DeAnn Brunts will host a webcast fireside chat at 10 a.m. ET and will conduct one-on-one investor meetings throughout the day. Investors can access the webcast here. The company is advancing its merger with Star Peak Corp II (NYSE: STPC), aiming for a public listing under the ticker BHIL following the merger. Additional details are available on the company’s investor relations site.
