Amyris to get $60m funding from Temasek

Amyris has entered a deal for the sale of convertible notes in a private placement for up to $60 million in cash proceeds. Amyris’s largest stockholders, Temasek, 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 stockholder approval of the transaction at an upcoming special meeting of stockholders.