{"id":430680,"date":"2021-02-08T09:13:28","date_gmt":"2021-02-08T14:13:28","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=430680"},"modified":"2021-02-08T09:13:28","modified_gmt":"2021-02-08T14:13:28","slug":"marrone-bio-files-90-million-shelf-registration-statement","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/marrone-bio-files-90-million-shelf-registration-statement\/","title":{"rendered":"Marrone Bio Files $90 Million Shelf Registration Statement"},"content":{"rendered":"
\n

DAVIS, Calif., Feb. 08, 2021 (GLOBE NEWSWIRE) — Marrone Bio Innovations, Inc.<\/strong><\/a> (NASDAQ: MBII), an international leader in providing growers with sustainable bioprotection and plant health solutions to support global agricultural needs, announced today it has filed a \u201cuniversal shelf\u201d registration statement on Form S-3 with the Securities and Exchange Commission (SEC). Under the shelf registration, upon being declared effective by the SEC, Marrone Bio may offer and sell, from time to time over a three-year period, various securities in an amount of up to $90 million.\u00a0<\/p>\n

The shelf registration statement is intended to afford Marrone Bio the flexibility to finance future business opportunities by accessing the capital markets on a timely and cost-effective basis. At the present time, the company has no specific plans to issue securities under the registration statement. The specifics of any future offering, along with the prices and terms of any such securities and the use of proceeds of a particular offering, will be determined at the time of any such offering and will be described in a prospectus supplement filed in connection with such offering.\u00a0<\/p>\n

Marrone Bio Chief Executive Officer Kevin Helash noted, \u201cFiling this registration statement is an important housekeeping step and a matter of standard corporate governance to allow us to pursue potential future growth initiatives and streamlines the process if circumstances arise that may require additional capital.”<\/p>\n

The shelf registration statement relating to the securities has been filed with the SEC but has not yet become effective. The securities may not be sold, nor may offers to buy be accepted, prior to the time the shelf registration statement becomes effective under the Securities Act of 1933, as amended. Any offering of the securities will be made solely by means of a prospectus and an accompanying prospectus supplement relating to that offering. A copy of the preliminary prospectus included in the registration statement may be obtained on the SEC\u2019s website at www.sec.gov<\/a>.<\/p>\n

This press release is for information purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of any securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.<\/p>\n

\n About Marrone Bio Innovations<\/strong>\n <\/p>\n

Marrone Bio Innovations Inc.\u00a0(NASDAQ: MBII) is a growth-oriented agricultural company leading the movement to a more sustainable world through the discovery, development and sale of innovative biological products for crop protection, crop health and crop nutrition. Our portfolio of more than 15 products help customers operate more sustainably while increasing their return on investment. The company\u2019s commercial products are sold globally and supported by a robust portfolio of over 400 issued and pending patents. Its agricultural end markets include row crops; fruits and vegetables; trees, nuts and vines; and greenhouse production. MBII\u2019s research and development program uses proprietary technologies to isolate and screen naturally occurring microorganisms and plant extracts to create new, sustainable solutions in agriculture.<\/p>\n

Learn more about Marrone Bio Innovations at\u00a0www.marronebio.com<\/a><\/u>. We also use our investor relations website,\u00a0https:\/\/investors.marronebio.com<\/a><\/u>, as well as our corporate Twitter account, @Marronebio, as means of disclosing material non-public information, and encourage our investors and others to monitor and review the information we make public in these locations. Follow us on social media:\u00a0Twitter<\/a>, LinkedIn<\/a>\u00a0and\u00a0Instagram<\/a>.<\/p>\n

\n Marrone Bio Innovations Forward Looking Statements<\/strong>\n <\/p>\n

This press release contains forward-looking statements that involve substantial risks and uncertainties. All statements, other than statements of historical facts, included in this press release regarding strategy, future operations and plans, including assumptions underlying such statements, are forward-looking statements, and should not be relied upon as representing Marrone Bio\u2019s views as of any subsequent date. Examples of such statements include statements regarding the potential effectiveness of the company\u2019s shelf registration statement, the company\u2019s ability to use the shelf registration statement access the capital markets and the company\u2019s ability to use financing raised from the registration statement for future growth. Such forward-looking statements are based on information available to the Company as of the date of this release and involve a number of risks and uncertainties, some beyond the Company\u2019s control, that could cause actual results to differ materially from those anticipated by these forward-looking statements, including the recent uncertainty in the global economy and industry-specific economy caused by the COVID-19 pandemic, consumer, regulatory and other factors affecting demand for the Company\u2019s products, weather, regulatory and other factors affecting demand for the company\u2019s products, any difficulty in marketing the company\u2019s products in its target markets, competition in the market for pest management products, lack of understanding of bio-based pest management products by customers and growers, and adverse decisions by regulatory agencies and other relevant third parties. Additional information that could lead to material changes in MBI\u2019s performance is contained in its filings with the SEC. Marrone Bio is under no obligation to, and expressly disclaims any responsibility to, update or alter forward-looking statements contained in this release, whether as a result of current information, future events or otherwise.<\/p>\n

\n Company Contact:<\/strong>\n <\/p>\n

Clyde Montevirgen
Vice President of Business Development & Investor Relations
Telephone: 530-750-2800
info@marronebio.com<\/a><\/p>\n

\n Investor Relations<\/strong>\n <\/p>\n

Lucas A. Zimmerman
Senior Vice President
MZ Group \u2013 MZ North America
Main: 949-259-4987
MBII@mzgroup.us<\/a><\/u><\/p>\n


\n
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<\/div>\n","protected":false},"excerpt":{"rendered":"

DAVIS, Calif., Feb. 08, 2021 (GLOBE NEWSWIRE) — Marrone Bio Innovations, Inc. (NASDAQ: MBII), an international leader in providing growers with sustainable bioprotection and plant health solutions to support global agricultural needs, announced today it has filed a \u201cuniversal shelf\u201d registration statement on Form S-3 with the Securities and Exchange Commission (SEC). Under the shelf registration, upon being declared effective by the SEC, Marrone Bio may offer and sell, from time to time over a three-year period, various securities in an amount of up to $90 million.\u00a0 The shelf registration statement is intended to afford Marrone Bio the flexibility to finance future business opportunities by accessing the capital markets on a timely and cost-effective basis. At the present time, the … <\/p>\n

Continue reading “Marrone Bio Files $90 Million Shelf Registration Statement”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-430680","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nMarrone Bio Files $90 Million Shelf Registration Statement - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/marrone-bio-files-90-million-shelf-registration-statement\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Marrone Bio Files $90 Million Shelf Registration Statement - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"DAVIS, Calif., Feb. 08, 2021 (GLOBE NEWSWIRE) — Marrone Bio Innovations, Inc. 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