Advanced BioEnergy
About SEC Filings Investor Relations Contact


investor relations sec filings corporate governancehome

Unit Transfer

As disclosed in filings with the Securities and Exchange Commission, Advanced BioEnergy, ABE South Dakota and GLE 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. This means that no further unit transfers will be accepted or processed.

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.