On June 27, 2024, iSelect Fund Management, LLC announced that it has submitted a preliminary non-binding proposal to the Benson Hill Inc Board related to the proposed acquisition by a to-be-formed acquisition vehicle of all of the outstanding shares of Common Stock not beneficially owned by it or any potential additional co-investors in the Buyer or their respective affiliates, for cash consideration of $0.2236 per share. In addition, iSelect Fund stated that it currently does not has any agreement, arrangement or understanding with any member of the Company?s management with respect to the Proposed Acquisition.