Vertex Energy ( (VTNRQ) ) has provided an announcement.
On January 22, 2025, Vertex Energy emerged from Chapter 11 bankruptcy with a renewed capital structure, achieving a strengthened balance sheet by eliminating approximately $320 million in prepetition debt and securing up to $100 million in exit financing. The company, now privately held under new ownership, appointed Mark Smith as the new CEO, marking a strategic shift aimed at long-term growth and operational excellence. This restructuring allows Vertex to optimize asset value, enhance its position in the energy industry, and continue providing high-quality refined products and services.
More about Vertex Energy
Vertex Energy is a leading energy transition company that specializes in producing high-quality refined products. The company focuses on innovative solutions that enhance performance while prioritizing sustainability, safety, and operational excellence.
YTD Price Performance: -56.67%
Average Trading Volume: 684,146
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $9,351
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