Transaction to allow execution of the Firm’s plan to scale manufacturing of excessive worth soybean ingredient portfolio
ST. LOUIS, Sept. 17, 2021 /PRNewswire/ — Benson Hill, Inc. (the “Firm” or “Benson Hill“) a meals expertise firm unlocking the pure genetic range of crops with its cutting-edge meals innovation engine introduced the closing right now of its acquisition of a soybean crushing facility in Seymour, Indiana.
This funding, announced on September 13, 2021, will additional solidify the Firm’s place within the worth chain to help manufacturing of a sturdy portfolio of proprietary, non-GMO, id preserved and sustainable soy protein and oil elements for the human meals and animal feed markets. The ability will in the end have the capability to course of Benson Hill’s proprietary soybean varieties, together with the primary industrial plantings of its Extremely-Excessive Protein soybeans, which will probably be harvested this fall.
About Benson Hill
Benson Hill strikes meals ahead with the CropOS® platform, a cutting-edge meals innovation engine that mixes knowledge science and machine studying with biology and genetics. Benson Hill empowers innovators to unlock nature’s genetic range from plant to plate, with the aim of making more healthy, great-tasting meals and ingredient choices which can be each broadly accessible and sustainable. Extra info could be discovered at bensonhill.com or on Twitter at @bensonhillinc.
On Might 10, 2021, Benson Hill introduced a definitive enterprise mixture settlement with Star Peak Corp II (NYSE: STPC). Upon the closing of the enterprise mixture, Benson Hill will grow to be publicly traded on the New York Inventory Trade below the brand new ticker image “BHIL”. Further details about the transaction could be considered at: https://bensonhill.com/investors/ or https://stpc.starpeakcorp.com/.
A Particular Assembly to approve the pending enterprise mixture between Star Peak and Benson Hill, amongst different objects, has been scheduled for September 28, 2021 at 11 a.m. ET. All stockholders as of August 9, 2021 are inspired to vote their shares by September 27, 2021 at 11:59 p.m. ET. Extra info on how one can vote could be discovered at: https://stpc.starpeakcorp.com/How-to-Vote/.
Further Info
This communication is being made in respect of a proposed merger (the “Merger”) and associated transactions (the “proposed transactions”) involving Star Peak and Benson Hill. The proposed transactions will probably be submitted to stockholders of Star Peak for his or her consideration and approval at a particular assembly of stockholders. As well as, Benson Hill will solicit written consents from its stockholders for approval of the proposed transactions. In reference to the proposed transactions, Star Peak has filed a Registration Assertion on Kind S-4 (the “Registration Assertion”) with the Securities and Trade Fee (the “SEC”), which features a proxy assertion to be distributed to Star Peak stockholders in reference to Star Peak’s solicitation for proxies for the vote by Star Peak’s stockholders in reference to the proposed transactions and different issues as described in such Registration Statements and a prospectus regarding the supply of the securities to be issued to Benson Hill’s stockholders in reference to the completion of the Merger. After the Registration Assertion has been declared efficient, Star Peak will mail a definitive proxy assertion / prospectus and different related paperwork to its stockholders as of the file date established for voting on the proposed transactions. Buyers, Star Peak’s stockholders and different events are suggested to learn, when out there, the preliminary proxy assertion, and any amendments thereto, and the definitive proxy assertion in reference to Star Peak’s solicitation of proxies for its particular assembly of stockholders to be held to approve the proposed transaction as a result of the proxy assertion / prospectus will include necessary details about the proposed transaction and the events to the proposed transaction. Stockholders can even be capable to get hold of copies of the proxy assertion / prospectus, with out cost, as soon as out there, on the SEC’s web site at www.sec.gov or by directing a request to: Star Peak Corp II, 1603 Orrington Avenue, thirteenth Flooring, Evanston, Illinois 60201.
No Supply or Solicitation
This communication doesn’t represent a proposal to promote or the solicitation of a proposal to purchase any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction during which such supply, solicitation or sale can be illegal previous to registration or qualification below the securities legal guidelines of any such jurisdiction. No providing of securities shall be made besides by way of a prospectus assembly the necessities of Part 10 of the Securities Act of 1933, as amended.
Individuals within the Solicitation
Star Peak and Benson Hill and their respective administrators, govt officers, different members of administration, and staff, below SEC guidelines, could also be deemed to be individuals within the solicitation of proxies of Star Peak’s stockholders in reference to the proposed transaction. Info relating to the individuals who could, below SEC guidelines, be deemed individuals within the solicitation of proxies in reference to the proposed transaction, together with an outline of their direct or oblique pursuits, by safety holdings or in any other case, is about forth within the Registration Assertion that has been filed with the SEC by Star Peak, which incorporates the proxy assertion / prospectus for the proposed transaction. Info relating to the administrators and govt officers of Star Peak is contained in Star Peak’s filings with the SEC, and such info can be within the Registration Assertion that has been filed with the SEC by Star Peak, which incorporates the proxy assertion / prospectus for the proposed transaction.
Ahead-Trying Statements
Sure statements on this communication could also be thought-about “forward-looking statements” throughout the which means of the “protected harbor” provisions of america Non-public Securities Litigation Reform Act of 1995. Ahead-looking statements usually relate to future occasions or Star Peak’s or Benson Hill’s future monetary or working efficiency. These forward-looking statements embrace, however aren’t restricted to, statements relating to estimates and forecasts of different monetary and efficiency metrics and projections of market alternative. In some circumstances, you may determine forward-looking statements by terminology corresponding to “could,” “ought to,” “anticipate,” “intend,” “will,” “estimate,” “anticipate,” “consider,” “predict,” or the negatives of those phrases or variations of them or related terminology. Such forward-looking statements are topic to dangers, uncertainties, and different elements which may trigger precise outcomes to vary materially from these expressed or implied by such forward-looking statements. These forward-looking statements are based mostly upon estimates and assumptions that, whereas thought-about cheap by Star Peak and its administration, and Benson Hill and its administration, because the case could also be, are inherently unsure elements which will trigger precise outcomes to vary materially from present expectations embrace, however aren’t restricted to: 1) the incidence of any occasion, change or different circumstances that might give rise to the termination of the definitive merger settlement with respect to the enterprise mixture; 2) the end result of any authorized proceedings which may be instituted in opposition to Star Peak, the mixed firm or others following the announcement of the enterprise mixture and any definitive agreements with respect thereto; 3) the lack to finish the enterprise mixture because of the failure to acquire approval of the stockholders of Star Peak, to acquire financing to finish the enterprise mixture or to fulfill different circumstances to closing; 4) adjustments to the proposed construction of the enterprise mixture which may be required or applicable because of relevant legal guidelines or rules or as a situation to acquiring regulatory approval of the enterprise mixture; 5) the flexibility to fulfill the New York Inventory Trade’s itemizing requirements following the consummation of the enterprise mixture; 6) the chance that the enterprise mixture disrupts present plans and operations of Benson Hill because of the announcement and consummation of the enterprise mixture; 7) the flexibility to acknowledge the anticipated advantages of the enterprise mixture, which can be affected by, amongst different issues, competitors, the flexibility of the mixed firm to develop and handle development profitably, keep relationships with prospects and suppliers and retain its administration and key staff; 8) prices associated to the enterprise mixture; 9) adjustments in relevant legal guidelines or rules; 10) the chance that Benson Hill or the mixed firm could also be adversely affected by different financial, enterprise and/or aggressive elements; 11) Benson Hill’s estimates of its monetary efficiency; 12) the impression of the COVID-19 pandemic and its impact on enterprise and monetary circumstances; and 13) different dangers and uncertainties set forth within the sections entitled “Danger Components” and “Cautionary Notice Concerning Ahead-Trying Statements” in Star Peak’s Annual Report on Kind 10-Ok for the yr ended December 31, 2020, filed with the SEC on March 31, 2021, within the Registration Assertion containing the proxy assertion / prospectus regarding the proposed enterprise mixture, and different paperwork filed or to be filed with the SEC by Star Peak. Nothing on this communication must be thought to be a illustration by any person who the forward-looking statements set forth herein will probably be achieved or that any of the contemplated outcomes of such ahead wanting statements will probably be achieved. There could also be extra dangers that Star Peak and Benson Hill presently have no idea or that Star Peak and Benson Hill at present consider are immaterial that might additionally trigger precise outcomes to vary from these contained within the forward-looking statements. You shouldn’t place undue reliance on forward-looking statements, which communicate solely as of the date they’re made. Neither Star Peak nor Benson Hill undertakes any responsibility to replace these forward-looking statements, besides as in any other case required by legislation.
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SOURCE Benson Hill
