Amyris Files for Chapter 11 Bankruptcy Protect in Delaware

Aug. 10, 2023, 1:50 AM UTC

Amyris and certain of its domestic subsidiaries started voluntary Chapter 11 proceedings in the US Bankruptcy Court for the District of Delaware, it says in a statement.

  • Secured commitment of $190 million debtor-in-possession from an entity affiliated with existing lender Foris Ventures
  • Planning to exit consumer brands and will begin marketing them for sale
  • Its entities outside the US are not included in the proceedings
  • Estimated assets are $500m-$1b; estimated liabilities at $1b-$10b, according to separate court filing
  • NOTE: in June, Amyris Says Longtime CEO John Melo Has Resigned

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