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.納斯達克股票代碼：APPH）股價週一暴跌。該公司宣佈了其第11章申請，以支持財務和運營過渡。
What To Know:
要知道什麼：
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宣佈，它正在進行財務和運營過渡，以減少其未償負債。該公司表示，農場將繼續運營，還獲得了該公司最大的有擔保債權人Equibliancy的承諾，即提供約3000萬美元的債務人佔有權（DIP）融資，以提供必要的流動性來支持運營。
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還在尋求將其AppharVest Berea業務過渡到其分銷合作伙伴Mastronardi Produce或其子公司之一，以換取約375萬美元的額外資金。
"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首席執行官說：“在提交第11章申請之前，AppharVest董事會和高管領導層評估了幾種戰略替代方案，以最大限度地提高所有利益相關者的價值。” 託尼·馬丁。
"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."
“在我們努力過渡我們的戰略計劃Project New Leaf的運營時，第11章的申請提供了保護，該計劃在運營效率方面取得了長足的進展，從而提高了銷售額，節省了成本，提高了產品質量。”
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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 價格走勢： 根據Benzinga Pro的數據，截至發佈時，APPH股價下跌了66.7％，至11美分。
Image: OpenClipart-Vectors from Pixabay
圖片：來自 Pixabay 的 OpenClipart-Vectors
