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Top related persons:
Amyris - 2 Kate Munsch - 1 Proterra - 1 WeWork - 1 Lucas Mantle - 1 AJ Bell - 1 Russ Mould - 1 Matthew Tuttle - 1
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U.S Bengaluru San Francisco , California Delaware
Top related orgs:
Biotech - 2 Thomson - 2 REUTERS - 1 U.S - 1 Vanda Research - 1 Hertz - 1 Tuttle Capital Management - 1 Tupperware Brands - 1

Search resuls for: "Amyris"


2 mentions found


☆ Retail investors flock to penny stocks WeWork, Amyris, Proterra
  + stars: | 2023-08-11 | by ( Medha Singh | ) www.reuters.com   time to read: +3 min
The three penny stocks, up in the range of 40% to 120%, were the most actively traded U.S. shares at 10:45 a.m. Amyris (AMRS.O) and WeWork (WE.N) were the second and third most traded stocks by retail investors, respectively, while Proterra (PTRA.O) was twelfth on the list at 10 a.m. Some of the latest speculative bets on the penny stocks were pinned on hopes of a merger and acquisition or a turnaround for the struggling businesses. Another set of retail traders are looking to capitalize on the volatility, especially by squeezing bearish investors on highly shorted stocks. Last week retail traders had piled into shares of Tupperware Brands (TUP.N) and trucking firm Yellow (YELL.O).
Persons: Kate Munsch, Amyris, Proterra, WeWork, Lucas Mantle, AJ Bell, Russ Mould, Matthew Tuttle, Medha Singh, Shounak Dasgupta Organizations: REUTERS, U.S, Biotech, Vanda Research, Hertz, Tuttle Capital Management, Tupperware Brands, Thomson Locations: San Francisco , California, U.S, Bengaluru
☆ Biotech firm Amyris files for bankruptcy in US
  + stars: | 2023-08-10 | by ( ) www.reuters.com   time to read: +1 min
Aug 9 (Reuters) - Biotech firm Amyris Inc (AMRS.O) on Wednesday said it has filed for Chapter 11 bankruptcy in a U.S. court and is planning to sell its consumer brands to improve the company's liquidity position. Amyris said it has secured a $190 million financing commitment to support day-to-day operations, adding that its entities outside the U.S. are not included in the bankruptcy proceedings. In a filing with the Delaware bankruptcy court, the company listed estimated assets in the range of $500 million to $1 billion and liabilities in the range of $1 billon to $10 billion. "Restructuring is intended to improve the Company's cost structure, capital structure, and liquidity position while streamlining Amyris' business portfolio to focus on its core competencies in R&D...," the company said. Amyris had also initiated a "strategic transformation program" in June and secured a term loan facility of up to $50 million.
Persons: Amyris, Han Kieftenbeld, John Melo, Juby Babu, Rashmi Organizations: Biotech, Amyris Inc, Thomson Locations: U.S, Delaware, Bengaluru
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