Amyris announces $50M registered direct offering

Amyris announced that it has entered into a definitive purchase agreement for the purchase and sale of 20M shares of the company’s common stock and warrants to purchase up to an aggregate of 15,000,000 shares of common stock in a registered direct offering. Each share of common stock is being sold together with a warrant to purchase 0.75 of a share of common stock at a combined purchase price of $1.50. The warrants will be immediately exercisable at a price of $1.80 per full share of common stock for a period of five years from closing. H.C. Wainwright & Co. is acting as the exclusive placement agent for the registered direct offering.