KiOR down to its last funding hope, shares -35% AH

|By:, SA News Editor

KiOR (KIOR) -35% AH after saying in its 10-K filing that it received an investment commitment of up to $25M from Vinod Khosla, conditioned on the achievement of certain performance milestones, but it would be unable to fund its operations and meet its obligations if a deal is not finalized by April 1.

KiOR also says the SEC served a subpoena seeking documents about the progress at its Columbus, Miss., facility and the timing of projected biofuel production levels.