Naxyris purchases unsecured convertible promissory notes in offering
By Devika Patel
Knoxville, Tenn., Sept. 25 - Amyris, Inc. negotiated a $5 million private placement of unsecured convertible promissory notes with Naxyris, SA on Sept. 20, according to an 8-K filed Wednesday with the Securities and Exchange Commission.
The 10% notes mature on Dec. 16, 2013, and are convertible into common shares at $2.57 per share, which is identical to the closing share price on Sept. 19. The company may prepay the notes.
Amyris is an integrated renewable products company based in Emeryville, Calif.
| Issuer: | Amyris, Inc.
|
| Issue: | Unsecured convertible promissory notes
|
| Amount: | $5 million
|
| Maturity: | Dec. 16, 2013
|
| Coupon: | 10%
|
| Conversion price: | $2.57
|
| Call: | Yes
|
| Warrants: | No
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| Investor: | Naxyris, SA
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| Pricing date: | Sept. 20
|
| Stock symbol: | Nasdaq: AMRS
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| Stock price: | $2.57 at close Sept. 19
|
| Market capitalization: | $182.86 million
|
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