Amyris Announces Pricing of Secondary Offering EME
Post# of 301275
EMERYVILLE, Calif., Aug. 17, 2018 (GLOBE NEWSWIRE) -- Amyris, Inc. (Nasdaq: AMRS ) (“Amyris” or the “Company”), a leader in the development and production of sustainable ingredients for the Health & Wellness, Clean Beauty and Flavors & Fragrances markets, today announced the pricing of the previously announced underwritten secondary offering of approximately 7.65 million shares by certain of its existing stockholders (the “selling stockholders”) at the public offering price of $6.25 per share. The offering is expected to close on August 21, 2018, subject to customary closing conditions. No shares are being sold by the Company.
In addition, one of the selling stockholders has granted the underwriter a 30-day option to purchase up to approximately 1.15 million additional shares of common stock at the public offering price, less underwriting discounts
In connection with the offering, the selling stockholders are exercising warrants for approximately 10.5 million shares of common stock, which is expected to result in gross cash proceeds to Amyris of approximately $46 million, assuming full exercise of the underwriter’s option.
B. Riley FBR, Inc. is acting as underwriter for the offering. The offering is being made pursuant to two effective registration sythankstatements on Form S-3 previously filed by the Company with the Securities and Exchange Commission (“SEC”). The offering is being made only by means of the prospectuses and related prospectus supplements, copies of which may be obtained on the website of the SEC, www.sec.gov ., or from B. Riley FBR, Inc., Attn: Syndicate Prospectus Department, 1300 North 17 th Street, Suite 1400, Arlington, VA 22209; Phone: (703) 312-9580; Email: prospectuses@brileyfbr.com .
This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities discussed herein, nor shall there be any offer, solicitation or sale of the securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state.
About B. Riley FBR, Inc. B. Riley FBR, Inc. is a leading investment bank which provides corporate finance, research and sales and trading to corporate, institutional and high net worth individual clients. Investment banking services include initial, secondary and follow-on offerings, institutional private placements and merger and acquisitions advisory services, and corporate restructuring. The firm is nationally recognized for its highly ranked proprietary equity research. B. Riley FBR is a wholly-owned subsidiary of B. Riley Financial, Inc. (NASDAQ: RILY), a diversified provider of financial and business advisory services. To learn more about B. Riley FBR, visit www.brileyfbr.com .
About Amyris Amyris is the integrated renewable products company that is enabling the world’s leading brands to achieve sustainable growth. Amyris applies its innovative bioscience solutions to convert plant sugars into hydrocarbon molecules and produce specialty ingredients and consumer products. The company is delivering its No Compromise™ products and services across a number of markets, including specialty and performance chemicals, flavors and fragrances, cosmetics ingredients, pharmaceuticals, and nutraceuticals. More information about the company is available at www.amyris.com .
Forward-Looking Statements This release contains forward-looking statements, and any statements other than statements of historical fact could be deemed to be forward-looking statements. These forward-looking statements include, among other things, statements regarding future events ( such as the exercise of existing warrants and the receipt of the applicable exercise prices by Amyris in connection therewith ), that involve risks and uncertainties. These statements are based on management's current expectations and actual results and future events may differ materially due to risks and uncertainties, including risks related to Amyris's liquidity and ability to fund operating and capital expenses, potential delays or failures in development, production and commercialization of products, risks related to Amyris's reliance on third parties, and other risks detailed from time to time in filings Amyris makes with the Securities and Exchange Commission, including Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K . Amyris disclaims any obligation to update information contained in these forward-looking statements, whether as a result of new information, future events, or otherwise.
Amyris, the Amyris logo and No Compromise are trademarks or registered trademarks of Amyris, Inc. in the U.S. and/or other countries. All other trademarks are the property of their respective owners.
Contact: Peter DeNardo Director, Investor Relations and Corporate Communications Amyris, Inc. +1 (510) 740-7481 investor@amyris.com