Amyris, Inc. (2019)
|Company Name||Amyris, Inc. (2019)|
On March 19, 2019, Amyris announced it was unable to timely file its yearly report for fiscal year ending December 31, 2018, due to “the significant time and resources that were devoted to the accounting for and disclosure of the significant transactions with Koninklijke DSM N.V. that closed in November 2018.” The Company also disclosed that it was “in the process of completing its evaluation of internal control over financial reporting.”
On this news, the Company’s share price fell $0.78, or nearly 20% to close at $3.10 per share on March 20, 2019, thereby injuring investors.
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