Bioleum Acquires RenFuel's Intellectual Property Portfolio for $18.1M

Bioleum Corporation has acquired RenFuel's intellectual property portfolio, including a patented catalytic esterification process to refine Bioleum's biointermediates. The purchase price includes an $18.1 million closing payment, comprised of $12.5 million in shares of Bioleum common stock, $2.5 million in warrants to purchase additional shares, and $2.6 million in debt forgiveness.