Who Owns Aemetis Company?

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Who Owns Aemetis?

Understanding Aemetis, Inc.'s ownership is key to its strategy and influence. Founded in 2006, the company went public on NASDAQ LLC in June 2014 under AMTX, broadening its shareholder base.

Headquartered in Cupertino, California, Aemetis focuses on advanced biofuels and biochemicals, utilizing agricultural waste for products like ethanol and renewable diesel. Founder Eric McAfee leads the company's vision for decarbonization.

Aemetis reported $268 million in annual revenues for 2024, a 43% increase from 2023. As of July 21, 2025, AMTX shares traded at $2.98. The company's operations span California and India, contributing to its diverse product portfolio, including those detailed in the Aemetis PESTEL Analysis.

Aemetis, Inc. was established in 2006, with Eric A. McAfee serving as its Chairman and CEO since 2007. Initially incorporated in Nevada, the company later reincorporated in Delaware in 2007 and established its headquarters in Cupertino, California. McAfee, a Silicon Valley entrepreneur with experience in agriculture and renewable energy, was the primary force behind the company's founding.

Founding Vision

Eric A. McAfee, a seasoned entrepreneur and venture capitalist, founded Aemetis in 2006. His background in agriculture and renewable energy shaped the company's initial direction.

Early Leadership

Andy Foster joined Aemetis at its inception in 2006 and has held significant leadership roles, including Executive Vice President and Chief Operating Officer. His involvement highlights early strategic contributions.

Initial Funding

While precise initial equity splits are not public, early funding for Aemetis likely involved private capital and founder contributions. This is typical for capital-intensive ventures in the energy sector.

Key Early Acquisition

A pivotal early milestone for Aemetis was the 2007 acquisition of ethanol plant assets in Keyes, California. This acquisition formed the foundation for its U.S. ethanol production capabilities.

McAfee's Entrepreneurial Background

Eric McAfee's entrepreneurial journey includes founding or acquiring numerous energy and technology companies. His investment firms, such as McAfee Capital, have supported his ventures.

Company Reincorporation

Aemetis, Inc. transitioned its corporate structure by reincorporating in Delaware in 2007, following its initial incorporation in Nevada. This move is common for companies seeking favorable corporate laws.

The early ownership structure of Aemetis was primarily shaped by its founder, Eric A. McAfee, and key early executives like Andy Foster. While specific percentages of initial ownership are not publicly disclosed, the company's inception in 2006 and subsequent growth were fueled by private capital and the founder's investment activities. McAfee's extensive experience in founding and managing energy and technology firms through entities like McAfee Capital provided a strong foundation for Aemetis. The acquisition of the Keyes, California ethanol plant in 2007 was a critical step, establishing the company's operational base and revenue generation in the U.S. ethanol market, a sector that has seen significant evolution, as detailed in the Competitors Landscape of Aemetis.

Founders and Early Ownership Details

The initial phase of Aemetis ownership was characterized by the entrepreneurial vision of Eric A. McAfee. His background in venture capital and the renewable energy sector was instrumental in guiding the company's early strategy and securing necessary funding.

• Founded in 2006 by Eric A. McAfee.
• Eric A. McAfee has served as Chairman and CEO since 2007.
• Andy Foster was involved from the company's founding in 2006.
• Early funding likely comprised private capital and founder contributions.
• Acquisition of Keyes, California ethanol plant in 2007 was a key early asset.
• McAfee's prior experience with investment firms like McAfee Capital informed early operations.

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The ownership of Aemetis underwent a significant transformation with its NASDAQ listing in 2014, aiming to broaden its investor base and enhance trading activity. This public debut marked a pivotal moment in the company's history, shifting its ownership structure from a potentially private entity to one accessible to public market investors.

As of July 21, 2025, Aemetis, Inc. is supported by 158 institutional owners and shareholders, collectively managing 14,600,824 shares. Institutional investors represent a substantial 21.00% of the company's total outstanding shares as of March 31, 2025. Prominent among these are BlackRock, Inc., holding 2,423,329 shares, and Vanguard Group Inc., with 2,374,417 shares. Grantham, Mayo, Van Otterloo & Co. LLC, Geode Capital Management, Llc, and State Street Corp also maintain significant stakes. BlackRock, Inc.'s filing of a Form SC 13G in October 2024, detailing a passive investment exceeding 5%, underscores the growing institutional interest in the company. Despite this institutional presence, the company's leadership, particularly Founder, CEO, and Chairman Eric A. McAfee, retains a dominant ownership position, holding 51.06 million shares, which equates to 92.22% of the company as of early 2025. This concentration of ownership among insiders, including Laird Q. Cagan and Surendra K. Ajjarapu, indicates a strong foundational control. The company's financial performance, with 2024 revenues reaching $268 million, a 43% increase, reflects its growth trajectory within this ownership framework.

Understanding Aemetis Ownership

Aemetis's ownership structure is a blend of significant insider control and growing institutional investment. Understanding who owns Aemetis is key to grasping its strategic direction.

• Aemetis became a publicly traded company on NASDAQ in 2014.
• Institutional investors hold approximately 21.00% of Aemetis stock as of March 31, 2025.
• Eric A. McAfee, the Founder and CEO, is the largest individual shareholder.
• Key institutional shareholders include BlackRock, Inc. and Vanguard Group Inc.
• The company's ownership structure reflects both public market participation and strong insider influence, aligning with its Mission, Vision & Core Values of Aemetis.

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The strategic direction and governance of Aemetis, Inc. are overseen by its executive team and board of directors. As of February 26, 2024, the board includes Eric A. McAfee, who also serves as Founder, Chairman, and Chief Executive Officer, alongside Lydia I. Beebe, Francis Barton (Lead Independent Director), John R. Block, Timothy Simon, and Dr. Naomi L. Boness.

Eric A. McAfee and Francis Barton were re-elected as Class I directors on May 14, 2025, with their terms extending until the 2028 annual meeting. While specific voting structures like dual-class shares are not detailed, Eric A. McAfee's substantial ownership of 92.22% of shares as of February 26, 2024, indicates a significant concentration of voting power with the founder. This level of ownership grants McAfee considerable influence over strategic decisions. The board's average tenure is 8.7 years, suggesting a seasoned leadership team. The absence of reported proxy battles or activist campaigns points to a stable governance environment, likely bolstered by this concentrated insider ownership, reflecting a key aspect of Marketing Strategy of Aemetis.

Aemetis Leadership and Ownership Structure

The governance of Aemetis is heavily influenced by its founder and CEO, Eric A. McAfee, who holds a dominant ownership stake. This concentration of voting power shapes the company's strategic direction.

• Eric A. McAfee is the Founder, Chairman, and CEO.
• As of February 26, 2024, McAfee owned 92.22% of the company's shares.
• The board has an average tenure of 8.7 years.
• Lydia I. Beebe chairs the Governance, Compensation, and Nominating Committee.

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Over the past few years, Aemetis has experienced significant operational and financial shifts that could influence its ownership landscape. The company's strategic moves, including securing substantial funding and planning for subsidiary IPOs, are key indicators of its evolving structure and potential future ownership trends.

Recent developments highlight Aemetis's focus on expanding its low-carbon intensity biofuel projects, particularly sustainable aviation fuel (SAF) and dairy renewable natural gas (RNG). The company's ability to generate cash through investment tax credit sales, totaling $19.4 million in Q1 2025, and its successful securing of $200 million in EB-5 funding in March 2024, demonstrate a strategy to finance growth through diverse capital sources. These financial maneuvers are crucial as Aemetis prepares for the potential IPO of its India subsidiary, anticipated for late 2025 or early 2026. This move is expected to inject significant capital into the company, though it may also lead to a dilution of Aemetis's direct ownership stake in its Indian operations. The company's stock performance, with a price of $2.98 per share as of July 21, 2025, reflects market dynamics, while analyst projections of a 34% annualized revenue growth by the end of 2025 suggest strong future performance, outpacing historical growth rates and industry averages.

Funding and Financial Strategy

Aemetis is leveraging investment tax credits and EB-5 funding to finance its expansion. The company anticipates approximately $450 million in future tax credit sales to support its biofuel projects.

India Subsidiary IPO Plans

The planned Initial Public Offering of Aemetis's India subsidiary aims to raise capital for further growth. This strategic move is targeted for late 2025 or early 2026.

Revenue Growth and Market Outlook

The company reported a 43% increase in annual revenues for 2024. Analysts project a significant acceleration in revenue growth for 2025, exceeding historical rates.

Stock Performance and Future Prospects

Aemetis's stock price has seen fluctuations, with a recent decline noted. However, strong projected revenue growth indicates positive future prospects for the company.

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