What's Going On With AppHarvest (APPH) Stock?
What's Going On With AppHarvest (APPH) Stock?
AppHarvest is also pursuing a transition of its AppHarvest Berea operations to its distribution partner, Mastronardi Produce, or one of its affiliates, in exchange for approximately $3.75 million in additional funding.AppHarvest, Inc.(NASDAQ:APPH) shares are crashing on Monday. The company announced its Chapter 11 filing to support a financial and operational transition.
AppHarvest, Inc.纳斯达克股票代码：APPH）股价周一暴跌。该公司宣布了其第11章申请，以支持财务和运营过渡。
What To Know:
要知道什么：
AppHarvest announced that it is pursuing a financial and operational transition in order to reduce its outstanding liabilities. The company stated that operations will continue at the farms, and it has also obtained a commitment from Equilibrium, the company's largest secured creditor, to provide approximately $30 million of debtor-in-possession (DIP) financing to provide the necessary liquidity to support operations.
AppharVest宣布，它正在进行财务和运营过渡，以减少其未偿负债。该公司表示，农场将继续运营，还获得了该公司最大的有担保债权人Equibliancy的承诺，即提供约3000万美元的债务人占有权（DIP）融资，以提供必要的流动性来支持运营。
AppHarvest is also pursuing a transition of its AppHarvest Berea operations to its distribution partner, Mastronardi Produce, or one of its affiliates, in exchange for approximately $3.75 million in additional funding.
AppharVest还在寻求将其AppharVest Berea业务过渡到其分销合作伙伴Mastronardi Produce或其子公司之一，以换取约375万美元的额外资金。
"The AppHarvest board of directors and executive leadership evaluated several strategic alternatives to maximize value for all stakeholders prior to the Chapter 11 filing," said AppHarvest CEO Tony Martin.
AppharVest首席执行官说：“在提交第11章申请之前，AppharVest董事会和高管领导层评估了几种战略替代方案，以最大限度地提高所有利益相关者的价值。” 托尼·马丁。
"The Chapter 11 filing provides protection while we work to transition operation of our strategic plan, Project New Leaf, which has shown strong progress toward operational efficiencies resulting in higher sales, cost savings and product quality."
“在我们努力过渡我们的战略计划Project New Leaf的运营时，第11章的申请提供了保护，该计划在运营效率方面取得了长足的进展，从而提高了销售额，节省了成本，提高了产品质量。”
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APPH Price Action: According to data from Benzinga Pro, APPH shares are trading 66.7% lower at 11 cents at the time of publication.
APPH 价格走势： 根据Benzinga Pro的数据，截至发布时，APPH股价下跌了66.7％，至11美分。
Image: OpenClipart-Vectors from Pixabay
图片：来自 Pixabay 的 OpenClipart-Vectors
