Alto Ingredients to Sell Up to $50M in Common Stock via ATM Offering

Alto Ingredients, Inc. has entered into an At-The-Market Issuance Sales Agreement with Craig-Hallum Capital Group LLC, The Benchmark Company, LLC, and H.C. Wainwright & Co., LLC. Under this agreement, the company may offer and sell shares of its common stock with an aggregate offering price of up to $50.0 million. The net proceeds from any sales are intended for general corporate purposes, including working capital and capital expenditures. The company will pay the agents a commission of 3.0% of the aggregate gross proceeds.