NetworkNewsBreaks – Amyris, Inc. (NASDAQ: AMRS) Close $50M in Second Tranche Equity Financing; Shares Fall
Amyris (NASDAQ: AMRS) is trading at a new 52-week low of $2.54, down more than 8% after reporting the close of the second and final tranche of its previously announced financing. The second tranche of a private placement resulted in a total of $50 million, comprised of a $25-million investment from Koninklijke DSM N.V. and $25 million contributed by Vivo Capital. “We’ve delivered a very strong first half and are on track for our best year ever with more than doubling our product sales and continuing to build on our collaboration agreements while reducing our losses. As a result, later…







