XML 33 R24.htm IDEA: XBRL DOCUMENT v3.22.2.2
SUBSEQUENT EVENTS
6 Months Ended
Jun. 30, 2022
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

19. SUBSEQUENT EVENTS.

 

On July 25, 2022 the Company filed a registration statement on Form S-4 with the SEC in relation to the proposed merger with Lygos, Inc. (“Lygos”) previously announced on April 17, 2022. The definitive merger agreement has been approved by the boards of directors of the Company and Lygos and is subject to, among other things, the approval of the shareholders and the satisfaction or waiver of other customary closing conditions.

 

If the merger is completed, the shareholders of Lygos will own approximately 67% of the outstanding shares of the Company and the management of Lygos will become the new management of the Company.