gevo inc shares were down 31 to 314 monday after the company said it entered into definitive agreements with several institutional investors for the purchase and sale of about 333 million common shares and accompanying warrants to buy up to 333 million additional shares of common stock the company said the public offering is being priced at 450 a share and accompanying warrant in a registered direct offering priced atthemarket under nasdaq rules the warrants have an exercise price of 437 a share are immediately exercisable upon issuance and will expire five years following issuance gevo said the offering is expected to close on or about wednesday and proceeds are expected to be 150 million the company said gevo said it intends to use the proceeds from the offering to fund capital projects working capital and for general corporate purposes