Deposits and Other Assets

9 Months Ended

Sep. 30, 2025

13.	Deposits and Other Assets

The following table sets forth the components of the Company’s deposits and other assets (in thousands) as of:


	September 30, 2025		December 31, 2024
Deposits	$	507	$	184
Prepaid feedstock		2,650		2,636
Equity interest ⁽¹⁾		1,500		1,500
Deposits receivable ⁽²⁾		55,065		47,737
Earnest money deposit ⁽³⁾		—		10,000
Other assets, net ⁽⁴⁾		12,280		13,566
Total deposits and other assets	$	72,002	$	75,623

(1)

The Company directly holds a 3.6% interest in the Series A Preferred Stock of Zero6 Clean Energy Assets, Inc. (“Zero6”), formerly Juhl Clean Energy Assets, Inc., which is not a publicly listed entity with a readily determinable fair value. The Company therefore measures the securities at cost. Recent observable equity raises indicated no impairment issues or an increase to the carrying value. This ownership interest is also pledged as collateral against two future obligations to Rock County Wind Fuel, LLC (“RCWF”), a Zero6 subsidiary. See Note 19, Commitments and Contingencies, for additional information.

(2)

Deposits provided to a developer of certain wind-farm projects and power utility contractor to induce to design and construct the power generation, transmission and distribution facilities that will serve ATJ-60, $5.5 million of which will be either reimbursed or used as an investment into the wind generation facility and the remaining $49.6 million is expected to be fully reimbursed upon completion of the project. Gevo has contractual priority liens against the equipment and constructed facilities under the contracts.

(3)	Earnest money deposited in connection with the Red Trail Energy Purchase Agreement. See Note 2, Business Combinations, for additional information.

(4)	Expenditures related to the feedstock agreements.

Gevo, Inc. 10-Q