Rentech has filed for bankruptcy and sold off the bulk of its assets, including an Ontario wood pellet plant and U.S. wood pellet business New England Wood Pellet. The bankruptcy filing lists Lignetics of New England Inc. as the buyer of NEWP.
Rentech Inc. released third quarter financial results on Nov. 9. The results were released roughly one month after announcing its shares would be removed listing on the Nasdaq Capital Market and be moved the OTCQB market, effective Oct. 16.
Rentech Inc. has notified Nasdaq of its intention to voluntarily withdraw its common shares from listing on The Nasdaq Capital Market prior to market opening on Oct.16. Rentech's common shares will be listed on the OTCQB Market effective Oct. 16.
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On Aug. 10, Rentech released second quarter financial results, reporting the quarter continued to be challenging. During an investor call, Keith Forman, president and CEO of Rentech, discussed factors resulting in lower quarterly revenues.
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