NBFAQ Nova Biosource Fuels, Inc. featured news, full reports, and detailed charts
Nova Biosource Fuels, Inc. (NBFAQ/NBFAQ.PK) Wrap Up:
Nova Biosource Fuels, Inc., an energy company, engages in refining and marketing renewable diesel fuel products and related co-products. The company has developed a technology for the production of biodiesel fuel from animal and vegetable fats, oils, and greases. Biodiesel is a clean burning, biodegradable, and renewable fuel made from a range of feedstocks. The company also designs, constructs, and operates facilities for the production of biodiesel fuels. As of October 31, 2008, it constructed three biodiesel refineries planned for third parties. The company was founded in 2005 and is based in Houston, Texas. On March 30, 2009, Nova Biosource Fuels, Inc. filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the District of Delaware. It is in joint administration with Nova Holding Clinton County, LLC.www.novabiosource.com
90 Employees
Founded in 2005
Nova Biosource Fuels, Inc. (NBFAQ:OTC)
NBFAQ Top Compensated Officers
Mr. Kenneth T. Hern
Chairman, Chief Executive Officer, Chief Fina...
Age: 71
Total Annual Compensation: $153.1K
Mr. Fred S. Zeidman
Interim President, Director and Chairman of N...
Age: 62
Total Annual Compensation: $129.0K
Mr. Russell D. Sammons
Vice President of Marketing
Age: 35
Total Annual Compensation: $125.0K
Executives, Board Directors
Compensation as of Fiscal Year 2008.
Key developments for Nova Biosource Fuels, Inc. (NBFAQ)
Nova Biosource Fuels Inc., Nova Biofuels Senceca, LLC, Biosource America Inc., Nova Biosource Technologies LLC, Nova Biofuels Clinton County, LLC and Nova Biofuels Trade Group, LLC Announce Debtor-in-Possession Credit Agreement
07/21/2009
Nova Biosource Fuels Inc. and certain of its subsidiaries to entered into a Debtor-in-Possession Credit Agreement by and among (i) Nova Biofuels Senceca, LLC, Nova Biosource Fuels, Biosource America Inc., Nova Biosource Technologies LLC, Nova Biofuels Clinton County, LLC and Nova Biofuels Trade Group, LLC, as borrowers, (ii) Nova Holding Seneca, LLC, NBF Operations, LLC, Nova Holding Trade Group, LLC, and Nova Holding Clinton County, LLC, as guarantors, (iii) West LB AG, New York Branch, as agent, (iv) Sterling Bank, as accounts bank, and (v) the lenders party thereto. The DIP Credit Agreement provides for a senior, secured post-petition financing of up to $2,030,000 to finance the ordinary costs of the Borrowers' operations, finance a strategic asset disposition process, make payroll, conduct the marketing and potential sale of their assets and satisfy other working capital operational needs. These borrowings are on a term basis, and borrowings repaid or prepaid by the Borrowers may not be re borrowed. For each request of funds, the Borrowers may elect to receive either a Eurodollar Loan or a Base Rate Loan (as those terms are defined in the DIP Credit Agreement). Outstanding borrowings under Eurodollar Loans accrue interest at a per annum rate equal to 10% plus the greater of (a) 4% and (b) the rate obtained by dividing (x) the LIBOR rate for the one-month period since such funds were made available to the Borrowers, and each successive month thereafter, by (y) a percentage equal to (i) 100% minus (ii) the reserve percentage, for any day during any Interest Period, in effect on that day under regulations issued by the Board of Governors of the Federal Reserve System for determining the maximum reserve requirement with respect to euro currency funding.
Nova Biosource Fuels Inc. Announces Resignation of Richard Talley as Chief Operating Officer
05/28/2009
Nova Biosource Fuels Inc. announced that on May 26, 2009, Richard Talley resigned as Chief Operating Officer and from all other positions of the Company and its subsidiaries.
Nova Biosource Fuels Inc. will Change its Ticker to NBFAQ from NBFA
04/17/2009
Effective April 20, 2009, Nova Biosource Fuels Inc. will change its OTCPK stock ticker symbol to NBFAQ from NBFA.
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Industry Analysis
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NBFAQ transactions
| Type Date |
Target |
|
Merger/Acquisition
September 23, 2009 |
Nova Biofuels Seneca, LLC and Nova Biosource Technologies, LLC |
|
Merger/Acquisition
July 31, 2009 |
Nova Biofuels Clinton County, LLC |
More Recent News About Nova Biosource Fuels, Inc.
More news for NBFAQ
NOVA BIOSOURCE FUELS, INC. Files SEC form 8-K, Entry into a Material Definitive Agreement
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT Clinton County Asset Purchase Agreement On September 25, 2009, the United States Bankruptcy Court for the District of Delaware entered an order authorizing the sale of assets by Nova Biofuels Clinton County, LLC, a Delaware limited liability company and a subsidiary of Nova Biosource Fuels, Inc. (the "Clinton County Seller"), to Clinton County Bio Energy, LLC, an Iowa limited liability company (the "Clinton County Purchaser"), pursuant to the terms of an Asset Purchase Agreement, dated as of July 31, 2009 (the "Clinton County Asset Purchase Agreement"). Pursuant to the Clinton County Asset Purchase Agreement, the Clinton County Purchaser agreed to purchase substantially all of the Clinton County Seller's assets, excluding certain specified assets, used in the manufacturing of biodiesel and related co-products out of the Clinton County Seller's production facilities, including, without limitation, the biodiesel refinery in Clinton County, Iowa, for a cash purchase price of $1,200,000, plus certain pre-paid expenses and taxes. The transaction is subject to the satisfaction or waiver of the closing condition that the representations and warranties of the parties must be true and correct in all material respects. Under the terms of the Clinton County Asset Purchase Agreement, the transaction is expected to close no later than October 6, 2009. There can be no assurances that the condition to closing will be met or waived or that the closing will occur as expected. Seneca Asset Purchase Agreement On September 29, 2009, the United States Bankruptcy Court for the District of Delaware entered an order authorizing the sale of assets by Nova Biofuels Seneca, LLC and Nova Biosource Technologies, LLC, each a Delaware limited liability company and a subsidiary of Nova Biosource Fuels, Inc. (either or both, the "Seneca Sellers"), to REG Seneca, LLC, an Iowa limited liability company, ...Click here to read the whole Article (external link)
NOVA BIOSOURCE FUELS, INC. Files SEC form 8-K, Entry into a Material Definitive Agreement, Creation of a Direct Finan
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT On July 16, 2009, pursuant to an order (the "DIP Order") granted on June 24, 2009 by the United States Bankruptcy Court for the District of Delaware (the "Bankruptcy Court"), Nova Biosource Fuels, Inc. (the "Company") and certain of its subsidiaries to entered into a Debtor-in-Possession Credit Agreement by and among (i) Nova Biofuels Senceca, LLC, the Company, Biosource America, Nova Biosource Technologies, LLC, Nova Biofuels Clinton County, LLC and Nova Biofuels Trade Group, LLC, as borrowers (the "Borrowers"), (ii) Nova Holding Seneca, LLC, NBF Operations, LLC, Nova Holding Trade Group, LLC, and Nova Holding Clinton County, LLC, as guarantors (collectively, the "Guarantors"), (iii) West LB AG, New York Branch, as agent (the "DIP Agent"), (iv) Sterling Bank, as accounts bank, and (v) the lenders party thereto (the "DIP Credit Agreement"). The DIP Credit Agreement provides for a senior, secured post-petition financing of up to $2,030,000 to finance the ordinary costs of the Borrowers' operations, finance a strategic asset disposition process, make payroll, conduct the marketing and potential sale of their assets and satisfy other working capital operational needs. These borrowings are on a term basis, and borrowings repaid or prepaid by the Borrowers may not be reborrowed. For each request of funds, the Borrowers may elect to receive either a Eurodollar Loan or a Base Rate Loan (as those terms are defined in the DIP Credit Agreement). Outstanding borrowings under Eurodollar Loans accrue interest at a per annum rate equal to ten percent (10%) plus the greater of (a) four percent (4%) and (b) the rate obtained by dividing (x) the LIBOR rate for the one-month period since such funds were made available to the Borrowers, and each successive month thereafter (each, an "Interest Period"), by (y) a percentage equal to (i) 100% minus (ii) the reserve percenta...Click here to read the whole Article (external link)
NOVA BIOSOURCE FUELS, INC. Files SEC form 8-K, Change in Directors or Principal Officers
Show all filings for NOVA BIOSOURCE FUELS, INC. | Request a Trial to NEW EDGAR Online Pro Form 8-K for NOVA BIOSOURCE FUELS, INC. 28-May-2009Change in Directors or Principal Officers Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informatio...Click here to read the whole Article (external link)
NOVA BIOSOURCE FUELS, INC. Financials
Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Quotes delayed, except where indicated otherwise.Delay times are 15 mins for NASDAQ, 20 mins for NYSE and Amex. See also delay times for other exchanges.Fundamental company data provided by Capital IQ. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. Real-...Click here to read the whole Article (external link)
NOVA BIOSOURCE FUELS, INC. Financials
Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Historical chart data and daily updates provided by Commodity Systems, Inc. (CSI). International historical chart data and daily updates provided by Morningstar, Inc. Fundamental company data provided by Capital IQ. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. R...Click here to read the whole Article (external link)
NOVA BIOSOURCE FUELS, INC. Files SEC form 8-K, Notice of Delisting or Failure to Satisfy a Continued Listing Rule or
Expired Yahoo - Document Has Expired/e/090403/nbfa8-k.html Options that might be of interest: Go to the Yahoo! home page. Go to the Yahoo! Finance home page. Go to the Yahoo! Loan Center. Go to the Yahoo! Insurance Center. Other resources: Message Boards - Stock Chat - Finance Clubs ...Click here to read the whole Article (external link)
NOVA BIOSOURCE FUELS, INC. Files SEC form 8-K, Notice of Delisting or Failure to Satisfy a Continued Listing Rule or
Show all filings for NOVA BIOSOURCE FUELS, INC. | Request a Trial to NEW EDGAR Online Pro Form 8-K for NOVA BIOSOURCE FUELS, INC. 3-Apr-2009Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All inform...Click here to read the whole Article (external link)
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