AMYRIS, INC.: auditor change — Bankruptcy Court confirms Amyris Chapter 11 plan; existing equity canceled

On February 9, 2024, Macias Gini & O’Connell LLP (“ MGO ”) informed the Company that MGO was resigning as the Company’s independent registered public accounting firm, effective immediately, in connection with the Chapter 11 Cases.

on August 9, 2023, Amyris, Inc. (the “ Company ”) 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 ”).

On February 7, 2024, the Company announced the termination or separation of approximately 80 employees, effective February 7, 2024. The Company previously announced reductions in force in June 2023, August 2023 and December 2023. In connection with this February reduction in force, certain impacted employees will be provided severance benefits, including cash severance payments and reimbursement of medical insurance premiums. The Company expects to record a one-time charge of approximately $1.0 million related to the reduction in its workforce, consisting primarily of one-time severance payments upon termination of the employees.