FRANKFORT, Ky. (LEX 18) — Gov. Andy Beshear released documents Friday related to the state's investment in Braidy Industries.
The documents included a letter of intent regarding Kentucky's $15 million investment, stock purchase agreement, voting agreement and investors' rights
The information was a source of controversy in Governor Bevin's administration after he refused to release them to the Courier-Journal. The case was ruled on by Beshear when he was attorney general.
"In releasing these documents, we are showing Kentuckians that we are committed to transparency and open government,” said Gov. Andy Beshear.
The letter of intent includes the formalization of the initial mutual understanding between the Commonwealth and Braidy Industries regarding the Commonwealth’s $15 million investment. The stock purchase agreement details the initial investors in Braidy Industries following the letter of intent.
You can view the stock purchase agreement here.
Addresses and personal information involving parties were redacted.