Amyris sets bid procedures for brands, seeks Nov. 28 auction

By Sarah Lizee

Olympia, Wash., Sept. 19 – Amyris, Inc. is seeking approval of bid procedures for its operating consumer brands, including Biossance, JVN, Rose Inc., Pipette, MenoLabs, Stripes and 4U by Tia, according to a motion filed Tuesday with the U.S. Bankruptcy Court for the District of Delaware.

Intrepid Investment Bankers LLC is acting as investment banker.

To date, Intrepid has identified and contacted over 300 potential buyers, both industry and financial players, nearly 200 of whom remain active in the process, Amyris said.

As of Sept. 15, over 85 of these parties have signed non-disclosure agreements, have received access to the comprehensive data room maintained by Intrepid, and have begun to conduct due diligence.

Of these, more than a dozen potential bidders have provided the debtors with non-binding indications of interest with respect to one or more operating consumer brands.

The company is proposing a stalking horse bid deadline of 5 p.m. ET on Oct. 25, a deadline to submit qualified bids of 5 p.m. ET on Nov. 14, an auction on Nov. 28, and a sale hearing on Dec. 12.

The company hopes to close a sale by Dec. 29.

Emeryville, Calif.-based Amyris is a synthetic biotechnology company. The company filed bankruptcy on Aug. 9 under Chapter 11 case number 23-11131.

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