NEW YORK (TheStreet) -- Shares of BioFuel Energy Corp. (BIOF) are soaring 9.08% to $7.21 on Wednesday after it disclosed that it entered into a definitive voting agreement and commitment to confirm the terms of a proposed rights offering with shareholder Greenlight Capital, according to an SEC document filed yesterday.

Greenlight Capital disclosed a 35.4% stake in Biofuel in the filing.

Must Read: Warren Buffett's 25 Favorite Growth Stocks

BIOF Chart
BIOF data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.