Ceres' sorghum hybrids in Brazil show resilience to dry conditions Ceres' sorghum hybrids appear to have rebounded from dry conditions in Brazil earlier in the season. Harvests are nearing completion and the company expects to announce final results by July. This season the company dispersed its field evaluations across a number of growing areas in south central Brazil in order to mitigate the impact of variations in weather conditions on the performance of its seed products. Sorghum also has a natural tolerance to hot and dry conditions. In addition to its customer evaluations, Ceres has a number of new sorghum hybrids moving forward in its product development pipeline.
Ceres completes 1-for-8 reverse stock split Ceres has completed a 1-for-8 reverse stock split of its common stock. Beginning with the opening of trading on April 9, the company's common stock will trade on the NASDAQ Capital Market on a split-adjusted basis under a new CUSIP number 156773400. AsThe number of shares of common stock issuable upon the exercise of stock options or warrants outstanding were proportionally adjusted. Each stockholder's percentage ownership interest and proportional voting power remains unchanged. The reverse stock split will reduce the total number of shares of the company's common stock outstanding from approximately 48M shares to approximately 6M shares.