0001193125-18-248449.txt : 20180814 0001193125-18-248449.hdr.sgml : 20180814 20180814160527 ACCESSION NUMBER: 0001193125-18-248449 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20180809 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20180814 DATE AS OF CHANGE: 20180814 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BioAmber Inc. CENTRAL INDEX KEY: 0001534287 STANDARD INDUSTRIAL CLASSIFICATION: INDUSTRIAL ORGANIC CHEMICALS [2860] IRS NUMBER: 980601045 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-35905 FILM NUMBER: 181017354 BUSINESS ADDRESS: STREET 1: 3850 ANNAPOLIS LANE NORTH, SUITE 180 CITY: PLYMOUTH STATE: MN ZIP: 55447-5476 BUSINESS PHONE: 612-747-4423 MAIL ADDRESS: STREET 1: 3850 ANNAPOLIS LANE NORTH, SUITE 180 CITY: PLYMOUTH STATE: MN ZIP: 55447-5476 8-K 1 d583988d8k.htm 8-K 8-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): August 9, 2018

 

 

BIOAMBER INC.

(Exact name of registrant as specified in charter)

 

 

 

Delaware   001-35905   98-0601045

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

1250 Rene Levesque West, Suite 4310

Montreal, Quebec, Canada H3B 4W8

(Address of principal executive office)

Registrant’s telephone number, including area code (514) 844-8000

Not Applicable

(Former name or former address, if changed since last report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

Emerging growth company  ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☒

 

 

 


Item 8.01. Other Events

On August 9, 2018, BioAmber Inc. issued a press release entitled “BioAmber Provides Update on Liquidation Process.” A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

 

Exhibit

Number

  

Description

99.1    Press Release, dated August 9, 2018.


EXHIBIT INDEX

 

Exhibit

Number

  

Description

99.1    Press Release, dated August 9, 2018.


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

   

BIOAMBER INC.

Date: August 14, 2018     By:  

/s/ Richard P. Eno

      Name:   Richard P. Eno
      Title:   Chief Executive Officer
EX-99.1 2 d583988dex991.htm EX-99.1 EX-99.1

Exhibit 99.1

 

LOGO

BioAmber Provides Update on Liquidation Process

Montreal, Canada, August 9, 2018. BioAmber Inc. (OTCPK: BIOAQ) announces that following a court order issued on July 31, 2018, the company, along with its monitor, PricewaterhouseCoopers (PWC), has initiated a liquidation process pursuant to which offers will be solicited from liquidators and/or strategic buyers to proceed with the liquidation of the company’s assets or a recapitalization transaction with the goal of realizing the greatest value on behalf of the company’s creditors.

Binding offers from the liquidators or strategic buyers must be received by 9 a.m. on August 21st, 2018, and if acceptable offers are received, the company will seek to obtain court approval of the retained offer on August 28th, 2018 and close the transaction on August 31st, 2018.

Potential investors can contact Claudio Filippone or Christian Bourque from PWC, or Richard Eno, the company’s CEO, in order to express interest in acquiring the assets or investing in the business.

Note that there can be no guarantee that the company will be successful in securing an acceptable offer in connection with the liquidation of its assets, and if an acceptable offer is received, the liquidation of the company’s assets will almost certainly result in no residual value for non-secured creditors and equity investors.

About BioAmber

BioAmber (OTCPK: BIOAQ) is a renewable materials company. Its innovative technology platform combines biotechnology and catalysis to convert renewable feedstock into building block materials that are used in a wide variety of everyday products including plastics, paints, textiles, food additives and personal care products. For more information visit www.bio-amber.com.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 that involve significant risks and uncertainties about BioAmber. BioAmber may use words such as “anticipate,” “believe,” “could,” “continue,” “estimate,” “expect,” “intend,” “may,” “should,” “will,” “would,” “plan,” “projected” or the negative of such words or other similar words or phrases to identify such forward-looking statements. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are risks relating to, among other things, whether BioAmber will be able to obtain an acceptable offer related to the liquidation of its assets. For additional disclosure regarding these and other risks faced by BioAmber, see disclosures contained in BioAmber’s public filings with the SEC, including the risks discussed under the heading “Item 1.A Risk Factors” in the company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2017 and Quarterly Report on Form 10-Q for the quarter ended September 30, 2017, and under the heading “Risk Factors” of the recently filed prospectus supplement. You should consider these factors in evaluating the forward-looking statements included in this press release and not place undue reliance on such statements. The forward-looking statements are made as of the date hereof, and BioAmber undertakes no obligation to update such statements as a result of new information.


LOGO

 

BioAmber Contact

Richard Eno, CEO

514-844-8000 Ext. 100

richard.eno@bio-amber.com

PWC Contact

Claudio Filippone

514-205-5671

Claudio.filippone@ca.pwc.com

or

Christian Bourque

514-205-5434

Christian.bourque@ca.pwc.com

 

2 | Page

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