Benson Hill Equity Holders Face Total Loss as Liquidation Proceeds

The final chapter for Benson Hill, the agricultural technology firm, has been written. Any remaining hopes for a corporate rescue have been extinguished, with the company now in full liquidation. Investors are confronting the stark reality of a total loss on their holdings.

• The shift from Chapter 11 restructuring to a Chapter 7 liquidation was finalized in September of last year.
• Company management has officially classified the common shares as worthless.
• A court-appointed trustee is overseeing the sale of all remaining assets.

Benson Hill initially filed for Chapter 11 bankruptcy protection in March of last year. The goal was to stabilize operations through strategic asset sales and pursue a new direction. This reorganization plan, however, proved unworkable. By September, the company petitioned the court to convert the case to a Chapter 7 liquidation.

As of September 23, 2025, control of Benson Hill transferred from its executives to a trustee appointed by the bankruptcy court. This move has direct and severe implications for shareholders. The company’s leadership has been unequivocal: it does not anticipate any funds remaining for common equity holders after the liquidation process. Shares trading over-the-counter under the ticker BHILQ are now deemed valueless by the firm itself.

Should investors sell immediately? Or is it worth buying Benson Hill?

Market Transparency Evaporates

The liquidation also terminates regular financial disclosures to the market. Benson Hill announced it will no longer file reports required under the Securities Exchange Act of 1934, unless the trustee explicitly deems it necessary. This severs a critical information pipeline for the investing public.

The company once aimed to revolutionize the development of protein-rich, sustainable crops with its AI-driven CropOS® platform. While the agri-tech sector continues to innovate, Benson Hill’s journey has concluded. Any future information regarding the liquidation’s progress or potential proceeds from the sale of its technology platform will be disseminated solely through the bankruptcy court or the appointed trustee.