Advanced BioEnergy
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Advanced BioEnergy, LLC was formed in 2005 as a Delaware limited liability company. Our business formerly consisted of producing ethanol and co-products, including wet, modified and dried distillers’ grains, as well as corn oil. The Company previously operated ethanol production facilities in Aberdeen and Huron, South Dakota with a combined production capacity of 85 million gallons per year, until the sale of both facilities to Glacial Lakes Energy in the Asset Sale noted below.

As previously disclosed in filings with the Securities and Exchange Commission (“SEC”), Advanced BioEnergy, LLC (the Company”), ABE South Dakota, LLC and Glacial Lakes Energy, LLC closed the previously described Asset Sale on December 19, 2019.

Upon the closing of the Asset Sale, the Company commenced its liquidation in accordance with the Plan of Liquidation adopted by the Company’s Members at a Special Meeting of Members held on September 19, 2019.

In connection with the Company’s liquidation, the Company’s Board of Directors determined that the Company’s transfer records would be closed from and after the close of business on December 19, 2019. Accordingly, as of December 19, 2019, the holders of units ceased to have any rights in respect of these units except the right to receive distributions, if any, pursuant to and in accordance with the Plan of Liquidation, the Company’s Operating Agreement and Delaware law. In addition, ABE is deemed dissolved under Delaware law and continues to exist for the sole purpose of converting its assets into cash, paying or making provision for the payment of its liabilities and after this is completed, distributing its remaining assets to its Members.