Brief: Amyris Says Voluntary Chapter 11 Commenced To Finalize Consensual Go-Forward Plan For Amyris' Core Business

Amyris

10/08/2023 02:56

Aug 9 (Reuters) - Amyris Inc  AMRS.O :
    * AMYRIS ANNOUNCES OPERATIONAL AND FINANCIAL RESTRUCTURING
TO
ADVANCE STRATEGIC TRANSFORMATION
    * VOLUNTARY CHAPTER 11 COMMENCED TO FINALIZE CONSENSUAL
GO-FORWARD
PLAN FOR AMYRIS' CORE BUSINESS
    * $190 MILLION FINANCING COMMITMENT FROM FORIS VENTURES TO
SUPPORT
DAY-TO-DAY OPERATIONS
    * ITS ENTITIES OUTSIDE U.S. ARE NOT INCLUDED IN PROCEEDINGS
    * COMPANY INTENDS TO PAY VENDORS IN ORDINARY COURSE FOR ALL
GOODS
RECEIVED AND SERVICES RENDERED AFTER FILING
    * IS PLANNING TO EXIT ITS CONSUMER BRANDS AND WILL BEGIN
MARKETING
THEM FOR SALE
    * AMYRIS WILL CONTINUE TO OPERATE THESE BRANDS, INCLUDING
THROUGH
RETAIL PARTNERS AND BRANDS' E-COMMERCE PLATFORMS
    * AS SALE PROCESS PROGRESSES, WILL CONTINUE TO OPERATE THESE
BRANDS, INCLUDING THROUGH RETAIL PARTNERS AND BRANDS' E-COMMERCE
PLATFORMS

Source text for Eikon:  ID:nPnbcKXCta 
Further company coverage:  AMRS.O 

 ((Reuters.Briefs@thomsonreuters.com;))