Mascoma withdraws its biofuels IPO
2013-03-28 15:01:18
In New Hampshire, Mascoma Corporation applied to the SEC for the withdrawal of its S-1 Registration Statement, thereby abandoning its contemplated IPO.
“The Company has determined at this time not to proceed with the offering due to market conditions,” the SEC notice said, and noted that “The Company may undertake a subsequent private offering.
In recent months, Mascoma raised $2.087 million from 19 undisclosed investors, and $5 million from an undisclosed single investor — both in the form of convertible debt.