Benson Hill Receives Preliminary Interest from Argonautic

Benson Hill, a seed innovation company, today announced that it has received a preliminary, non-binding indication of interest from Argonautic Ventures Master SPC (“Argonautic”) and other co-investors (collectively, the “Investor Group”). The proposal offers to acquire all outstanding shares of common stock of Benson Hill, not already owned by the Investor Group or their affiliates, for $0.2236 per share in cash. The Investor Group and their affiliates currently own approximately 16% of the outstanding shares of the company, though the composition of the Investor Group may change.

Any potential agreement between Benson Hill and Argonautic, or other members of the Investor Group, is subject to several conditions, including the completion of due diligence and the negotiation of definitive transaction documents.

To review strategic alternatives, Benson Hill’s Board of Directors has established a special committee of independent directors (the “Transaction Committee”). This committee will thoroughly evaluate the indication of interest in the context of the company’s ongoing strategic review. Piper Sandler & Co. has been retained as the financial advisor, and Foley Hoag LLP as the legal advisor for the Transaction Committee.

There is no assurance that the Transaction Committee or the company will pursue a definitive transaction based on this indication of interest or any other potential transaction. Furthermore, Benson Hill does not intend to make additional announcements regarding any alternatives under consideration unless a specific transaction is approved by the Board of Directors and/or the Transaction Committee, or further disclosure is deemed appropriate or necessary.

Benson Hill is a seed innovation company that unlocks nature’s genetic diversity in soy quality traits through a combination of its proprietary genetics, its AI-driven CropOS® technology platform, and its Crop Accelerator. Benson Hill collaborates with strategic partners to create value throughout the agribusiness supply chain to meet the demand for better feed, food, and fuel. For more information,

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