Amyris (AMRSQ) has released an update to notify the public and investors about its debt resolution strategies.
Amyris, Inc., a company that filed for Chapter 11 bankruptcy, has had its restructuring plan confirmed by the court, though the plan is not yet in effect. The restructuring aims to transform the company into a privately-held entity with various classes of creditors receiving new stock or trust interests. The plan proposes to cancel existing common stock, impacting shareholders, and outlines the treatment of secured and unsecured claims. The company’s assets and liabilities as of November 30, 2023, were approximately $813 million and $1.3 billion respectively, with the effective date of the plan pending the satisfaction of certain conditions.
For further insights into AMRSQ financials, check out TipRanks’ Financials page.
For a comprehensive understanding of the announcement, you can read the full document here.
