Item 2.01 Completion of Acquisition or Disposition of Assets.

On April 3, 2023, Amyris, Inc. (the "Company") closed the previously announced Asset Purchase Agreement, dated as of February 21, 2023 (the "Asset Purchase Agreement"), by and among the Company and Givaudan SA ("Givaudan"). Pursuant to the Asset Purchase Agreement, the Company sold, assigned, or licensed certain assets of its cosmetic ingredients businesses, including an assignment of certain distribution agreements, a sale of certain trademarks, and a grant of an exclusive, worldwide, irrevocable license to distribute, market and sell Neossance® Squalane emollient, Neossance® Hemisqualane silicone alternative and CleanScreen™ sun protector in cosmetics actives, to Givaudan for $200 million upfront cash consideration and up to $150 million in performance-based earnout payments over three years. In addition, the parties entered into a long-term partnership agreement for the manufacturing of cosmetic ingredients by the Company for Givaudan. The total value of near- and long-term contributions is estimated to be approximately $500 million.

The foregoing is only a brief description of the material terms of the Asset Purchase Agreement, does not purport to be a complete description of the rights and obligations of the parties thereunder and is qualified in its entirety by reference to the Asset Purchase Agreement that will be filed as an exhibit to the Company's quarterly report on Form 10-Q for the quarterly period ended March 31, 2023.

Item 8.01 Other Information.

On April 3, 2023, the Company also closed its previously announced Share Purchase Agreement related to Aprinnova, LLC ("Aprinnova"), dated as of December 15, 2022, by and among the Company, Nikko Chemicals Co. ("Nikko"), Ltd. and Nippon Surfactant Industries, Co., Ltd. ("Nissa"). Pursuant to the Share Purchase Agreement, the Company purchased 39 shares of Aprinnova from Nikko and 10 shares of Aprinnova from Nissa, constituting 49% of the outstanding membership interests in Aprinnova for aggregate cash consideration of $49 million, less applicable deductions and withholdings required by law. Following closing of the transaction, the Company holds 99% of the outstanding membership interests in Aprinnova.



Forward-Looking Statements

This report contains forward-looking statements, and any statements other than statements of historical fact could be deemed to be forward-looking statements. These forward-looking statements include, among other things, statements regarding the total potential value of the Givaudan transaction. These statements are based on management's current expectations and actual results and future events may differ materially due to risks and uncertainties detailed from time to time in filings the Company makes with the SEC, including Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. The Company disclaims any obligation to update information contained in these forward-looking statements, whether as a result of new information, future events, or otherwise.




Exhibit No.               Description
104                       Cover Page Interactive Data File (embedded within the Inline XBRL
                          document)

--------------------------------------------------------------------------------

© Edgar Online, source Glimpses