First $47 million investment tranche led by Royal DSM into Amyris closed
In California, Amyris, Inc. announced the closing of the first tranche of up to $95 million in planned equity financing that the company previously announced on May 8, 2017. The first tranche was approximately $47 million and was led by Koninklijke DSM N.V. (Royal DSM) with participation by qualified institutional buyers and accredited investors, including some which have previously engaged in equity and/or debt investments in Amyris.
Subject to the satisfaction of certain conditions and approval by DSM’s Managing Board, DSM may invest an additional $25 million in Amyris within 90 days of the closing of the first tranche. Amyris has commitments from current, long term investors that exceeds the remaining $23 million to meet the company’s $95 million objective.
Category: Fuels
