Amyris raises $5.0 million from last tranche of Biolding investment

March 28, 2013 |

In Brazil, Amyris completed a private placement of its common stock for $5.0 million with Biolding Investment. The Company sold 1,533,742 shares of the Company’s Common Stock, at $3.26, based on the $3.25 consolidated closing bid price for the Common Stock on NASDAQ on March 26, 2013. The Private Placement represented the final tranche of Biolding’s preexisting contractual obligation to fund $15.0 million upon satisfaction by the Company of certain criteria associated with the commissioning of a production plant in Brazil.

Category: Fuels

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