--- schema_version: "secwatch.filing_event.v1" accession: "0001365916-23-000094" form_type: "8-K" ticker: null cik: "0001365916" company_name: "AMYRIS, INC." filed_at: "2023-08-10T23:59:59+00:00" generated_at: "2026-06-11T16:53:58.368863+00:00" event_type: "other_material" sentiment: "negative" materiality_score: 1.0 calibrated_materiality_score: 1.0 confidence: "high" source: SEC EDGAR --- # Amyris files Chapter 11 bankruptcy, secures $190M DIP financing, cuts ~30% workforce ## Summary - Voluntary Chapter 11 filed in Delaware; expects common stock delisting from Nasdaq. - Received $190M DIP financing commitment from Foris Ventures affiliate to fund operations. - Plans to exit consumer brands and market them for sale; focus on core ingredients and technology. - Reduction in force of ~260 employees (Aug 8) plus 148 previously, total ~30% workforce; $6.8M charge in Q3. - Appointed Philip Gund as CRO and M Freddie Reiss as independent director ($50K/month). ## SEC filing metadata - accession: 0001365916-23-000094 - form_type: 8-K - cik: 0001365916 - company_name: AMYRIS, INC. - filed_at: 2023-08-10T23:59:59+00:00 - event_type: other_material - sentiment: negative - materiality_score: 1.0 - calibrated_materiality_score: 1.0 - confidence: high - sec_items: 1.01, 1.03, 2.03, 2.04, 2.05, 5.02, 7.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1365916/000136591623000094/0001365916-23-000094-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1365916/000136591623000094/amrs-20230804.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001365916-23-000094 - JSON: https://secwatch.observer/filing/0001365916-23-000094.json - Plain text: https://secwatch.observer/filing/0001365916-23-000094.txt ## Key facts - Debt Financings AMYRIS, INC. faced acceleration on loan. - Instrument: loan - Event: acceleration source text: Loan and Security Agreement dated as of September 27, 2022, by and among the Company, certain other Company Parties and Foris Ventures, LLC, as amended evidence_url: https://www.sec.gov/Archives/edgar/data/1365916/000136591623000094/0001365916-23-000094-index.htm - Debt Financings AMYRIS, INC. faced acceleration on loan. - Instrument: loan - Event: acceleration source text: Loan and Security Agreement dated as of October 11, 2022, by and among the Company, certain other Company Parties and DSM Finance B.V., as amended evidence_url: https://www.sec.gov/Archives/edgar/data/1365916/000136591623000094/0001365916-23-000094-index.htm - Debt Financings AMYRIS, INC. faced acceleration on loan. - Instrument: loan - Event: acceleration source text: Loan and Security Agreement, dated as of March 10, 2023, by and among the Company, certain other Company Parties and Perrara Ventures, LLC, as amended evidence_url: https://www.sec.gov/Archives/edgar/data/1365916/000136591623000094/0001365916-23-000094-index.htm - Debt Financings AMYRIS, INC. faced acceleration on senior notes. - Instrument: senior notes - Event: acceleration source text: Indenture, dated as of November 15, 2021, by and between the Company and U.S. Bank National Association, as trustee evidence_url: https://www.sec.gov/Archives/edgar/data/1365916/000136591623000094/0001365916-23-000094-index.htm - Debt Financings AMYRIS, INC. faced acceleration on credit facility. - Instrument: credit facility - Event: acceleration source text: the commencement of the Chapter 11 Cases described in Item 1.03 above constitutes an event of default that accelerated the Company’s obligations under the following debt instruments (together, the “Debt Instruments”) evidence_url: https://www.sec.gov/Archives/edgar/data/1365916/000136591623000094/0001365916-23-000094-index.htm - Distress & Bankruptcy AMYRIS, INC. entered chapter 11 in United States Bankruptcy Court for the District of Delaware (petition 2023-08-09). - Proceeding: chapter 11 - Court: United States Bankruptcy Court for the District of Delaware - Petition: 2023-08-09 source text: On August 9, 2023 (the "Petition Date"), Amyris, Inc. (the "Company" or the "Debtor") and certain of its direct and indirect subsidiaries (collectively, the "Company Parties" or the "Debtors") filed voluntary petitions for relief under Chapter 11 of Title 11 of the United States Code (the "Bankruptcy Code") in the United States Bankruptcy Court for the District of Delaware (the "Bankruptcy Court"), thereby commencing Chapter 11 cases for the Company Parties (the "Chapter 11 Cases"). evidence_url: https://www.sec.gov/Archives/edgar/data/1365916/000136591623000094/0001365916-23-000094-index.htm - Executive change M Freddie Reiss was appointed as Class III director at AMYRIS, INC.. - Action: appointed - Role: Class III director source text: On August 4, 2023, the Board appointed M Freddie Reiss as a Class III director, with the appointment effective as of August 9, 2023, and with a term expiring at the 2025 annual meeting of stockholders. evidence_url: https://www.sec.gov/Archives/edgar/data/1365916/000136591623000094/0001365916-23-000094-index.htm - Executive change Philip Gund was appointed as Chief Restructuring Officer at AMYRIS, INC.. - Action: appointed - Role: Chief Restructuring Officer source text: On August 8, 2023, the Company appointed Philip Gund as the Company’s Chief Restructuring Officer (“CRO”), with the appointment effective as of August 9, 2023. evidence_url: https://www.sec.gov/Archives/edgar/data/1365916/000136591623000094/0001365916-23-000094-index.htm - Restructurings & Charges AMYRIS, INC. announced a restructuring with charges of approximately $6.8 million (approximately 260 employees). - Type: restructuring - Charge: approximately $6.8 million - Headcount: approximately 260 employees source text: provided severance benefits, including cash severance payments and reimbursement of medical insurance premiums. The Company expects to record a one-time charge of approximately $6.8 million related to the reduction in its workforce, consisting primarily of one-time severance payments upon termination of the employees. The Company expects that the majority of these evidence_url: https://www.sec.gov/Archives/edgar/data/1365916/000136591623000094/0001365916-23-000094-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.