ST. LOUIS, Sept. 17, 2021 /PRNewswire/
-- Benson Hill, Inc.
(the "Company" or "Benson Hill") a
food technology company unlocking the natural genetic diversity of
plants with its cutting-edge food innovation engine announced the
closing today of its acquisition of a soybean crushing
facility in Seymour, Indiana.
This investment, announced on September 13, 2021, will further solidify the
Company's position in the value chain to support production of
a robust portfolio of proprietary, non-GMO, identity preserved and
sustainable soy protein and oil ingredients for the human food and
animal feed markets. The facility will ultimately have the capacity
to process Benson Hill's proprietary
soybean varieties, including the first commercial plantings of its
Ultra-High Protein soybeans, which will be harvested this fall.
About Benson
Hill
Benson Hill moves
food forward with the CropOS® platform, a
cutting-edge food innovation engine that combines data science and
machine learning with biology and genetics. Benson Hill empowers innovators to unlock
nature's genetic diversity from plant to plate, with the purpose of
creating healthier, great-tasting food and ingredient options that
are both widely accessible and sustainable. More information can be
found at bensonhill.com or on Twitter at
@bensonhillinc.
On May 10, 2021, Benson Hill announced a definitive business
combination agreement with Star Peak Corp II (NYSE: STPC). Upon the
closing of the business combination, Benson
Hill will become publicly traded on the New York Stock
Exchange under the new ticker symbol "BHIL". Additional information
about the transaction can be viewed
at: https://bensonhill.com/investors/ or https://stpc.starpeakcorp.com/.
A Special Meeting to approve the pending business combination
between Star Peak and Benson Hill,
among other items, has been scheduled for September 28, 2021 at 11
a.m. ET. All stockholders as of August 9, 2021 are encouraged to vote their
shares by September 27, 2021 at
11:59 p.m. ET. More information on
how to vote can be found at:
https://stpc.starpeakcorp.com/How-to-Vote/.
Additional Information
This communication is being made in respect of a proposed merger
(the "Merger") and related transactions (the "proposed
transactions") involving Star Peak and Benson Hill. The proposed transactions will be
submitted to stockholders of Star Peak for their consideration and
approval at a special meeting of stockholders. In addition,
Benson Hill will solicit written
consents from its stockholders for approval of the proposed
transactions. In connection with the proposed transactions, Star
Peak has filed a Registration Statement on Form S-4 (the
"Registration Statement") with the Securities and Exchange
Commission (the "SEC"), which includes a proxy statement to be
distributed to Star Peak stockholders in connection with Star
Peak's solicitation for proxies for the vote by Star Peak's
stockholders in connection with the proposed transactions and other
matters as described in such Registration Statements and a
prospectus relating to the offer of the securities to be issued to
Benson Hill's stockholders in
connection with the completion of the Merger. After the
Registration Statement has been declared effective, Star Peak will
mail a definitive proxy statement / prospectus and other relevant
documents to its stockholders as of the record date established for
voting on the proposed transactions. Investors, Star Peak's
stockholders and other interested parties are advised to read, when
available, the preliminary proxy statement, and any amendments
thereto, and the definitive proxy statement in connection with Star
Peak's solicitation of proxies for its special meeting of
stockholders to be held to approve the proposed transaction because
the proxy statement / prospectus will contain important information
about the proposed transaction and the parties to the proposed
transaction. Stockholders will also be able to obtain copies of the
proxy statement / prospectus, without charge, once available, at
the SEC's website at www.sec.gov or by directing a
request to: Star Peak Corp II, 1603 Orrington Avenue, 13th Floor,
Evanston, Illinois 60201.
No Offer or Solicitation
This communication does not constitute an offer to sell or the
solicitation of an offer to buy any securities, or a solicitation
of any vote or approval, nor shall there be any sale of securities
in any jurisdiction in which such offer, solicitation or sale would
be unlawful prior to registration or qualification under the
securities laws of any such jurisdiction. No offering of securities
shall be made except by means of a prospectus meeting the
requirements of Section 10 of the Securities Act of 1933, as
amended.
Participants in the Solicitation
Star Peak and
Benson Hill and their respective
directors, executive officers, other members of management, and
employees, under SEC rules, may be deemed to be participants in the
solicitation of proxies of Star Peak's stockholders in connection
with the proposed transaction. Information regarding the persons
who may, under SEC rules, be deemed participants in the
solicitation of proxies in connection with the proposed
transaction, including a description of their direct or indirect
interests, by security holdings or otherwise, is set forth in the
Registration Statement that has been filed with the SEC by Star
Peak, which includes the proxy statement / prospectus for the
proposed transaction. Information regarding the directors and
executive officers of Star Peak is contained in Star Peak's filings
with the SEC, and such information is also in the Registration
Statement that has been filed with the SEC by Star Peak, which
includes the proxy statement / prospectus for the proposed
transaction.
Forward-Looking Statements
Certain statements in this communication may be considered
"forward-looking statements" within the meaning of the "safe
harbor" provisions of the United States Private Securities
Litigation Reform Act of 1995. Forward-looking statements generally
relate to future events or Star Peak's or Benson Hill's future financial or operating
performance. These forward-looking statements include, but are not
limited to, statements regarding estimates and forecasts of other
financial and performance metrics and projections of market
opportunity. In some cases, you can identify forward-looking
statements by terminology such as "may," "should," "expect,"
"intend," "will," "estimate," "anticipate," "believe," "predict,"
or the negatives of these terms or variations of them or similar
terminology. Such forward-looking statements are subject to risks,
uncertainties, and other factors which could cause actual results
to differ materially from those expressed or implied by such
forward-looking statements. These forward-looking statements are
based upon estimates and assumptions that, while considered
reasonable by Star Peak and its management, and Benson Hill and its management, as the case may
be, are inherently uncertain factors that may cause actual results
to differ materially from current expectations include, but are not
limited to: 1) the occurrence of any event, change or other
circumstances that could give rise to the termination of the
definitive merger agreement with respect to the business
combination; 2) the outcome of any legal proceedings that may be
instituted against Star Peak, the combined company or others
following the announcement of the business combination and any
definitive agreements with respect thereto; 3) the inability to
complete the business combination due to the failure to obtain
approval of the stockholders of Star Peak, to obtain financing to
complete the business combination or to satisfy other conditions to
closing; 4) changes to the proposed structure of the business
combination that may be required or appropriate as a result of
applicable laws or regulations or as a condition to obtaining
regulatory approval of the business combination; 5) the ability to
meet the New York Stock Exchange's listing standards following the
consummation of the business combination; 6) the risk that the
business combination disrupts current plans and operations of
Benson Hill as a result of the announcement and consummation of the
business combination; 7) the ability to recognize the anticipated
benefits of the business combination, which may be affected by,
among other things, competition, the ability of the combined
company to grow and manage growth profitably, maintain
relationships with customers and suppliers and retain its
management and key employees; 8) costs related to the business
combination; 9) changes in applicable laws or regulations; 10) the
possibility that Benson Hill or the
combined company may be adversely affected by other economic,
business and/or competitive factors; 11) Benson Hill's estimates of its financial
performance; 12) the impact of the COVID-19 pandemic and its effect
on business and financial conditions; and 13) other risks and
uncertainties set forth in the sections entitled "Risk Factors" and
"Cautionary Note Regarding Forward-Looking Statements" in Star
Peak's Annual Report on Form 10-K for the year ended December 31, 2020, filed with the SEC on
March 31, 2021, in the Registration
Statement containing the proxy statement / prospectus relating to
the proposed business combination, and other documents filed or to
be filed with the SEC by Star Peak. Nothing in this communication
should be regarded as a representation by any person that the
forward-looking statements set forth herein will be achieved or
that any of the contemplated results of such forward looking
statements will be achieved. There may be additional risks that
Star Peak and Benson Hill presently
do not know or that Star Peak and Benson
Hill currently believe are immaterial that could also cause
actual results to differ from those contained in the
forward-looking statements. You should not place undue reliance on
forward-looking statements, which speak only as of the date they
are made. Neither Star Peak nor Benson
Hill undertakes any duty to update these forward-looking
statements, except as otherwise required by law.
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SOURCE Benson Hill