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Benson Hill Inc. was an agricultural biotechnology company that developed enhanced soybean varieties using computational biology and gene editing technologies. The company operated in the crop improvement sector until filing for bankruptcy protection in early 2025.
During its operational period, news coverage of Benson Hill typically focused on several key areas. The company's technology developments, particularly advancements in its CropOS platform and gene editing capabilities, generated industry attention. Announcements regarding new soybean varieties, breeding program milestones, and research partnerships were common subjects of agricultural trade press coverage.
Business developments constituted another significant category of news coverage. This included reports on the company's commercial partnerships with food manufacturers and agricultural processors, seed sales performance, and market expansion efforts. The company's acquisitions of regional seed genetics firms also attracted media attention, as these transactions expanded Benson Hill's genetic resources and market reach.
Financial news represented an important coverage area, particularly as the company transitioned through various funding stages and eventually became a publicly traded entity. Reports on capital raises, earnings releases, and financial performance were regular features of business media coverage. Analyst commentary on the company's business model and financial trajectory also appeared in investment-focused publications.
Regulatory and industry developments affecting agricultural biotechnology companies influenced news coverage of Benson Hill. Stories about gene editing regulations, labeling requirements for plant-based foods, and agricultural policy debates often mentioned the company within the broader context of the agricultural technology sector.
The company's bankruptcy filing, delisting from the New York Stock Exchange, and subsequent liquidation generated significant news coverage in both agricultural and financial media. These developments marked the conclusion of the company's operations as an independent entity.
Benson Hill (NASDAQ: BHIL) has received approval from the U.S. Bankruptcy Court for its initial 'first-day' motions following its Chapter 11 filing on March 20, 2025. The Court authorized several key measures to ensure business continuity, including:
- Access to $11 million in debtor-in-possession (DIP) financing from existing lenders, with $3 million immediately available
- Authorization for employee wages and benefits payments
- Permission to honor obligations to key business partners
- Maintenance of existing cash management systems
The DIP financing will support payroll, vendor payments, and critical operating expenses. A final hearing for full DIP financing approval is scheduled for April 16. Interim CEO Dan Cosgrove emphasized the company's commitment to maintaining momentum while restructuring their financial foundation.
Benson Hill (Nasdaq: BHIL), a seed innovation company, has filed for Chapter 11 bankruptcy protection in the United States Bankruptcy Court for the District of Delaware. The company plans to pursue a sale of its business under Section 363 of the Bankruptcy Code, which may include selling all or part of its assets.
The company has secured approximately $11 million in Debtor-in-Possession financing to maintain operations throughout the Chapter 11 process, pending court approval. Benson Hill has filed various 'first-day' motions to continue its ordinary operations, including servicing customers and honoring employee obligations.
Despite efforts to transform the business through cost reductions, asset divestitures, debt retirement, and transitioning to a licensing model, the company's board determined that Chapter 11 was the best path forward due to industry challenges and financial constraints.
Benson Hill (NASDAQ: BHIL) announced positive results from a controlled broiler feeding trial conducted with Tyson Foods, validating their Ultra-High Protein, Low-Oligosaccharide (UHP-LO) soybean meal as a cost-effective alternative to conventional soybean meal in poultry nutrition.
The trial, involving over 800 broilers, demonstrated that UHP-LO soybean meal can fully replace conventional soybean meal while lowering feed costs through increased protein and higher metabolizable energy. The product features 14% higher crude protein levels and 90% fewer oligosaccharides compared to conventional options. Broilers fed with UHP-LO showed equivalent final body weights, feed conversion ratios, and carcass traits.
The study revealed potential cost savings of up to $0.20 per bird, with performance gains of up to 5.4% reported in prior studies. The improved nutrient profile can also contribute to lower carbon emissions and support Scope 3 reduction targets for end users.
Benson Hill (NASDAQ: BHIL) has completed its second major feeding trial with a major poultry producer, demonstrating significant advantages of its Ultra-High Protein, Low Oligosaccharide (UHP-LO) soybean meal in poultry feed. The six-week trial showed that broilers fed with UHP-LO soybean meal achieved 5.4% higher weights and 3.2% better feed conversion ratios compared to those fed with commodity soybean meal.
The results validate the company's first broiler feeding study from May 2024, confirming that UHP-LO soybean meal provides poultry producers enhanced flexibility to formulate feeding rations for cost advantage (up to 5%) and bird performance gains. According to CEO Deanie Elsner, this specialty soy could generate approximately $2.2 billion of value annually for the broiler industry.
Benson Hill plans to expand its soybean portfolio to more than 35 varieties for the 2025 crop year, with herbicide-tolerant varieties expected for 2026.
Benson Hill announced its Q3 2024 financial results, reporting revenues of approximately $34.1 million, up from $23.5 million in Q3 2023. The company incurred a net loss from continuing operations of $21.9 million and an adjusted EBITDA loss of $12.6 million, an improvement from a $14.4 million loss in Q3 2023. Free cash flow loss for the first nine months of 2024 was $48.9 million, down 57.7% from the same period in 2023. Benson Hill ended Q3 with $14.4 million in cash and marketable securities. The company emphasized its transition to an asset-light licensing model, strategic partnerships, and sustainability efforts. Notably, Benson Hill expanded its proprietary soybean seed portfolio and initiated new feeding studies with major broiler producers, demonstrating the market potential of its soybeans. Additionally, R&D expenses decreased by 33.4%, and SG&A expenses decreased by 10.4%.
Benson Hill (Nasdaq: BHIL), a seed innovation company, has scheduled the release of its third quarter 2024 financial results for Tuesday, November 12, 2024. The results will cover the period ending September 30, 2024, and will be made available on the company's investor relations website.
Benson Hill, a seed innovation company, has announced its decision to transfer its stock exchange listing from the New York Stock Exchange to The Nasdaq Stock Market . The transition is set to take effect on Aug. 23, 2024, after market close, with trading on Nasdaq commencing on Aug. 26, 2024. The company will retain its current ticker symbol 'BHIL'.
CEO Deanie Elsner stated that this move is expected to result in cost savings for the company and ensure the continued listing of their common stock on a national securities exchange. This strategic decision aims to optimize Benson Hill's market presence and financial efficiency.
Benson Hill (NYSE: BHIL) reported second-quarter 2024 revenues of $33.8 million, up from $23.5 million in the same period of 2023, driven by higher grain sales and increased revenue from partnerships. The company’s net loss from continuing operations improved to $18 million, a decrease of $18.5 million compared to the previous year. Adjusted EBITDA loss was reduced to $12.4 million from $15.2 million. Free cash flow loss for the first half of 2024 was $31.8 million, a 50% improvement from 2023. Benson Hill ended the quarter with $29.5 million in cash and marketable securities. Key initiatives included advancements in their innovation pipeline, animal feeding trials, and strategic partnerships. The company reiterated its focus on cash management and expects to fund operations through the end of 2024.
Benson Hill (NYSE: BHIL), a seed innovation company, has announced that it will release its financial results for the quarter ending June 30, 2024, on Thursday, August 8, 2024. The company will post the quarterly results on its investor relations website at https://investors.bensonhill.com. This announcement serves as a notification to investors and analysts about the upcoming earnings release date, allowing them to prepare for the financial disclosure and any potential market reactions.
Benson Hill (NYSE: BHIL), a seed innovation company, has announced a one-for-thirty five (1-for-35) reverse stock split following stockholder approval. The split will take effect at 4:01 p.m. Eastern Time on July 18, 2024, and will be reflected in NYSE trading on July 19, 2024. This move aims to regain compliance with NYSE's continued listing requirements, which mandate a minimum average closing price of $1.00 per share over any 30 consecutive trading days.
The reverse split will reduce the total number of outstanding shares from approximately 213 million to 6 million. It will not change the number of authorized shares, voting power, or other fundamental aspects of the company's structure. No fractional shares will be issued; instead, cash payments will be made for fractional entitlements.
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