On Tuesday, Shares of Amyris Inc (NASDAQ:AMRS), added 21.33% and closed at $1.08 in the last trading session. AMRS stock opened its last trade at $0.90 and after floating in a range of $0.90 to $1.11. The company’s Market capitalization is $289.39 Million with the total Outstanding Shares of 235.02 million. During the 52-week trading session the minimum price at which share price traded, registered at $0.31 and reached to max level of $1.91.The Earnings per Share of the company stands at $-0.88. Amyris, Inc. (AMRS), the industrial bioscience company, recently declared that it has executed a Memorandum of Understanding for a transformative planned partnershipwith a partner that is a leader in food ingredients and nutraceuticals. Upon required approval and execution of definitive agreements with this new partner, Amyris anticipates to receive cash representing a short-term partnershipinvestment of $10 million, an equity investment of up to $20 million at $1.40 per share, $100 million in annual revenue starting in 2017 connected to the production and cost improvement of fermentation molecules, and participation in the partner’s industrial fermentation facilities in Asia.
This relationship follows a series of noteworthypartnerships Amyris has declared in recent months, counting a partnership with a separate company in the nutraceuticals space that was declared on September 30, 2016.
“We’re very happy with the opportunity to partner with one of the leading nutraceutical and food ingredient suppliers in the world. Our current annual revenue run rate of over $100 million combined with the $100 million of annual revenue we expect from this partnership starting in 2017, should assist us deliver stronger than expected growth in 2017 and beyond,” said John Melo, Amyris President & CEO.
Shares of Tesla Motors Inc (NASDAQ:TSLA), added 2.65% and closed at $199.10 in the last trading session. TSLA stock opened its last trade at $195.99 and after floating in a range of $193.26 to $199.47. The company’s Market capitalization is $29.44 Billion with the total Outstanding Shares of 149.79 million. During the 52-week trading session the minimum price at which share price traded, registered at $141.05 and reached to max level of $269.39.The Earnings per Share of the company stands at $-8.45. SolarCity Corporation (SCTY) recently declared the time and place for the Special Meeting of Stockholders to vote on Tesla Motor’s (TSLA) projected acquisition.
SolarCity shareholders are encouraged to vote their shares as part of this process. Any SolarCity shareholder who owned shares as of September 23, 2016 is eligible to vote and will receive mailed instructions on how to do so in the coming days. Shareholders can vote by phone, online or mail any time on or before 11:59 p.m. Pacific Time on November 16, 2016. The process for voting may differ depending on how shares are held, so it is important for shareholders to carefully review and follow the specific voting instructions on the proxy card.
For questions about how to vote SolarCity shares, shareholders may contact MacKenzie Partners, which is assisting SolarCity in connection with the vote, toll-free at 800-322-2885 or collect at 212-929-5500.