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Intrepid Appoints Gonzalo Avendano to Board and Enters Cooperation Agreement with Clearway Capital Management LLC

Jan 15, 2025

Contract Type

partnership

ManufacturingEnergyOil And GasAgriculture and Farming

Description

Intrepid Potash, Inc. announced the appointment of Gonzalo Avendano as a new independent director to its Board of Directors, effective January 14, 2025. Additionally, the company has entered into a cooperation agreement with Clearway Capital Management LLC and certain other persons and entities, which includes customary standstill, voting, and other provisions. Clearway owns approximately 9.1% of Intrepid and is focused on the long-term value of the Company.

Company Information

Company

Intrepid Potash

About

Intrepid is a diversified mineral company that delivers potassium, magnesium, sulfur, salt, and water products essential for customer success in agriculture, animal feed and the oil and gas industry. They are a leader in the use of solar evaporation for potash production, resulting in lower cost and more environmentally friendly production.

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Strategic

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Agreement Insights

What this usually means
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies

Intrepid Potash signed a new agreement. Fundz surfaces partnerships and contracts as they are announced.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.