BioAmber Inc fka BIOAQ

[bioaq_sh]

Reminder: Mistui (Bioamber secured creditor) owed $4,416,203 CAD - PWC

Reminder: 'All amounts owing to the KERP charge have been paid' - PWC

Why would Mitsui import/spend/buy (6,922,080 KGs / $13,844,160 - $17,305,200) of bio-succinic acid @ $2.00-$2.50/kg, last shipment being 8-9 months ago from LCY biosciences, when Mitsui was owed money? Good business decision, Bad business or Maybe an arrangement was made? Example; succinic acid to pay off debt..... CCAA = Companies' Creditors Arrangement Act

https://www.importgenius.com/suppliers/lcy-biosciences-inc

A month later Mitsui released/assigned the following patent over to LCY Biosciences; 'Processes For Producing Succinic Acid From Fermentation Broths Containing Diammonium Succinate'

https://assignment.uspto.gov/patent/index.html#/patent/search/resultAssignment?id=63754-959

1-2 days after the patent assignment from Mitsui, LCY biosciences switching from bio-succinic acid to carotenoids articles are published.


Feb 1, 2024 - 5 years KKR/LCY acquisition deal closed