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Amyris ( NASDAQ: AMRS ) said Wednesday it filed Chapter 11 bankruptcy proceedings in the U.S. Bankruptcy Court for the District of Delaware and is planning to sell its consumer brands to improve the company's liquidity position.
Amyris ( AMRS ) said it secured a $190M of debtor-in-possessing financing commitment to support day-to-day operations as it works with key stakeholders to negotiate a consensual go-forward plan.
The company's entities outside the U.S. are not included in the proceedings.