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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