Global Clean Energy Holdings, Inc. Announces Temporary Stock Split Ticker Symbol Change to OTCQB: GCEHD

Rhea-AI Summary

Global Clean Energy Holdings, Inc. (OTCQB: GCEH) has completed a 1-for-10 reverse stock split, changing its trading symbol to GCEHD for 20 business days before reverting back to GCEH.

The company is focused on vertically integrated renewable fuels, managing the supply chain from feedstock development to renewable fuels distribution. GCEH is retooling its renewable diesel refinery in Bakersfield, California, aiming to be the largest renewable fuels facility in the western U.S. once completed in early 2022.

Positive

• Completion of a 1-for-10 reverse stock split to potentially enhance market perception.
• Strategically positioned as a vertically integrated renewable fuels company controlling the entire supply chain.
• Retooling of the Bakersfield refinery to become the largest renewable fuels facility in the western U.S.

Negative

• None.

Global Clean Energy Holdings, Inc. (OTCQB: GCEH) today effected a 1-for-10 reverse stock split. As a result of the reverse stock split, the trading symbol has changed to “GCEHD” for 20 business days. After 20 business days, the symbol will change back to “GCEH.”

About Global Clean Energy Holdings

Global Clean Energy Holdings, Inc. (“GCEH”) is a uniquely positioned vertically integrated renewable fuels company. Our strategy has been consistent from the company’s inception; control the full integration of our entire supply chain from the development, production and processing of feedstocks through to the refining and distribution of renewable fuels. GCEH’s wholly-owned plant science subsidiary, Sustainable Oils, Inc., owns an industry leading portfolio of intellectual property rights, including patents and production know-how, for the production of its proprietary varieties of Camelina sativa as a non-food based ultra-low carbon biofuels feedstock. GCEH is retooling and constructing its renewable diesel refinery in Bakersfield, California, which when completed in early 2022 will be the largest renewable fuels facility in the western United States and the largest in the country that produces renewable fuels from non-food based feedstocks. To learn more about the company, visit www.gceholdings.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210326005407/en/

FAQ

What is the new trading symbol for Global Clean Energy Holdings after the reverse stock split?

The new trading symbol is GCEHD for 20 business days.

When will the trading symbol change back to GCEH?

The trading symbol will revert back to GCEH after 20 business days.

What is the significance of the reverse stock split for GCEH stockholders?

The reverse stock split is intended to enhance market perception and potentially increase stock price.

What are the company’s plans for its refinery in Bakersfield, California?

GCEH is retooling its refinery to become the largest renewable fuels facility in the western United States.

When is the expected completion date for the Bakersfield renewable diesel refinery?

The refinery is expected to be completed in early 2022.