KiOR +50% after Khosla pledges financing up to $25M

|By:, SA News Editor

KiOR (KIOR +49.8%) shares surge after the renewable fuels company secures up to $25M in financing from billionaire backer Vinod Khosla's KFT Trust.

KIOR had said it would be unable to fund its operations and meet its obligations if a deal was not finalized by April 1.