Strategic Review and Alternatives - The Board of Directors of S&W Seed Company is initiating a process to explore and evaluate various strategic alternatives to enhance shareholder value [1] - Potential opportunities under consideration include a sale of the company, a merger with another strategic partner, a recapitalization, or continued execution of the company's long-term business plan [2] - The review process does not guarantee any transaction or strategic outcome, and no timetable has been set for its completion [3] Company Performance and Initiatives - S&W Seed has successfully executed its long-term plan over the past year, including divesting its Australian subsidiary and focusing on core US-based sorghum and alfalfa operations [3] - The company has strengthened its position through its high-margin sorghum trait portfolio, Double Team, and its investment in the VBO Camelina biofuel joint-venture with Shell [3] - S&W Seed has also aligned its cost structure and strengthened its management and employee base [3] Company Overview - S&W Seed Company, founded in 1980, is a multi-crop, middle-market agricultural company headquartered in Longmont, Colorado [5] - The company aims to be a preferred proprietary seed company supporting the growing demand for animal proteins and healthier consumer diets [5] - S&W Seed is a leader in sorghum seeds with significant R&D, production, and distribution capabilities, and has a commercial presence in proprietary alfalfa and sustainable biofuel feedstocks, primarily camelina [5] Advisory and Legal Support - The company is being advised by Rabobank Securities Inc as the financial advisor and Cooley LLP as legal counsel during the strategic review process [4]
S&W Seed Company Commencing Strategic Alternatives Review Process