Benson Hill Inc. Completes Asset Sale to Confluence Genetics, LLC Amid Chapter 11 Bankruptcy Proceedings
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Benson Hill Inc. has completed a significant asset sale to Confluence Genetics, LLC, approved by the U.S. Bankruptcy Court amid its Chapter 11 proceedings. The sale includes the assumption of certain liabilities and a cash payment for closing costs, totaling $1 million for wind-down expenses. This transaction also settles an $11 million debtor-in-possession credit facility, marking a crucial step in Benson Hill's restructuring efforts as it continues to operate under bankruptcy protection.
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