The US Bankruptcy Court gave an order approving the sale of substantially all the assets of Amyris, Inc. on December 21, 2023. The debtor has been authorized to sell its substantially all its assets to Sakana, LLC the stalking horse bidder for a purchase price of $0.5 million in cash. The debtor?s assets include Stripes Brand asset Inventory, property.

The debtor did not receive any other competing bids for the purchase of its assets and therefore Sakana, LLC emerged as the winning bidder.