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Chemical Week Magazine :: Business & Finance :: United States/Americas

Amyris, Temasek sign funding deal worth up to $60 million

7:16 AM MDT | August 23, 2013 | —Rebecca Coons

Renewable chemicals firm Amyris (Emeryville, CA) announced 8 August that it had entered into agreement with Singapore state investment firm Temasek for the sale of convertible notes in a private placement worth up to $60 million. Temasek, already one of Amyris’s largest stockholders, has agreed to purchase $35 million of the notes in an initial tranche and, at Amyris’s election, up to $25 million in a second tranche. Both tranches are subject to Amyris’s satisfaction of closing conditions, including shareholder approval. “This funding will provide us with...

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