secwatch.observer — SEC 8-K summary
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Issuer:     AMYRIS, INC. (—)
CIK:        0001365916
Form:       8-K
Filed at:   2023-08-10T23:59:59+00:00
Accession:  0001365916-23-000094
Event type: other_material
Sentiment:  negative
Materiality: 1.00
Item codes: 1.01, 1.03, 2.03, 2.04, 2.05, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Amyris files Chapter 11 bankruptcy, secures $190M DIP financing, cuts ~30% workforce
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1365916/000136591623000094/0001365916-23-000094-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1365916/000136591623000094/amrs-20230804.htm
  HTML page:      https://secwatch.observer/filing/0001365916-23-000094

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer