{"id":5770,"date":"2023-12-15T17:45:58","date_gmt":"2023-12-15T16:45:58","guid":{"rendered":"https:\/\/amoeba-nature.com\/?p=5770"},"modified":"2023-12-15T18:04:36","modified_gmt":"2023-12-15T17:04:36","slug":"amoeba-commercial-strategy-and-governance-further-strengthened-and-industrial-project-deferred","status":"publish","type":"post","link":"https:\/\/amoeba-nature.com\/en\/amoeba-commercial-strategy-and-governance-further-strengthened-and-industrial-project-deferred\/","title":{"rendered":"AMOEBA: Commercial strategy and governance further strengthened and industrial project deferred\u00a0"},"content":{"rendered":"
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AMOEBA: Commercial strategy and governance further strengthened and industrial project deferred <\/strong><\/strong><\/h2>\n<\/div><\/div><\/div>\n\n
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 Chassieu (France), December 15, 2023 – 17:45 – <\/strong>AMO\u00c9BA (FR0011051598 \u2013 ALMIB) an industrial biotech in pre-commercialization* specialized in the treatment of microbiological risk, developing an anti-aging cosmetic ingredient, a biocontrol agent for crop treatment in agriculture that has obtained a marketing authorization in the United States and a biological biocide that has also obtained a marketing authorization in the United States for use in closed cooling systems, is announcing the deferral of work on its Biocontrol plant in Cavaillon, pending further financing. <\/p>\n<\/div><\/div><\/div>\n\n

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As discussions are still underway with several investors and business partners, Amo\u00e9ba has decided to defer work on its USIBIAM industrial project in Cavaillon. This deferral will not in any way affect the Company\u2019s continued progress with the various commercial initiatives that are underway. <\/p>\n<\/div><\/div><\/div>\n\n

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Strategic partnership with Nice & Green SA further strengthened <\/strong><\/p>\n<\/div><\/div><\/div>\n\n

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Amo\u00e9ba is adapting its strategic partnership with its financial partner and lead shareholder Nice & Green SA to help support Amo\u00e9ba\u2019s commercial development, while continuing to secure its cash position and covering the operating costs relating to the industrial project\u2019s deferral. Nice & Green SA is committed to continuing to finance Amo\u00e9ba\u2019s ongoing activities until new investors are brought on board (see press release from February 15, 2023). <\/p>\n<\/div><\/div><\/div>\n\n

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Following an initial assessment and financial structuring phase entrusted to KPMG, the Company is continuing to move forward with its work to identify non-dilutive financing solutions for its industrial project, while involving Nice & Green SA. <\/p>\n<\/div><\/div><\/div>\n\n

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While waiting for this financing to be secured, Nice & Green SA, which has retained the majority of the shares obtained by converting the bonds issued through the convertible bond financing from 2019 to 2022, will continue to support the Company, positioning itself as a strategic investor alongside Amo\u00e9ba. The Swiss investor is once again setting out its confidence in the development of Amo\u00e9ba\u2019s biocide, phytosanitary and cosmetic applications. Today, Nice & Green SA holds 29.4% of Amo\u00e9ba\u2019s capital. <\/p>\n<\/div><\/div><\/div>\n\n

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Governance changes <\/strong><\/p>\n<\/div><\/div><\/div>\n\n

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The separation of the Chairman of the Board of Directors and Chief Executive Officer roles was approved by the Board of Directors on December 14, 2023, resulting in the end of Fabrice Plasson\u2019s positions as Chairman of the Board of Directors and Chief Executive Officer. However, he will continue with his commitment alongside the Company, which he founded 13 years ago, <\/p>\n<\/div><\/div><\/div>\n\n

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by supporting Amo\u00e9ba\u2019s development as a founding director and helping drive the Company\u2019s strategic vision within the Board. <\/p>\n<\/div><\/div><\/div>\n\n

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To support this key strategic stage and consolidate Nice & Green\u2019s SA support, Benoit Villers, Nice & Green SA Executive Board Member, was appointed as a director of Amo\u00e9ba and Chairman of its Board of Directors during this same Board meeting. Benoit brings vast experience in commercial strategies and market development, drawing on expertise built up with major groups, such as Barry Callebaut and ADM, as well as younger companies like Nice & Green SA and the various startups that he supports. <\/p>\n<\/div><\/div><\/div>\n\n

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The Chief Executive Officer role was entrusted to Jean-Fran\u00e7ois Doucet, who was previously Deputy General Manager. Jean-Fran\u00e7ois has over 25 years\u2019 experience in auditing, corporate finance and administration with international businesses. He has operated in commercial and industrial environments in the chemical and health sectors (BASF Agri, BASF Agro, Gibaud, Oss\u00fcr, etc.), where he has also been involved in operational and strategic transformation operations. <\/p>\n<\/div><\/div><\/div>\n\n

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Benoit Villers, Nice & Green SA Executive Board Member: <\/strong>\u201cThis latest stage in our strategic partnership with Amo\u00e9ba reflects our commitment to the company\u2019s development and success. By becoming part of the Board of Directors, we aim to take on an active role to help market its product ranges. Nice & Green SA is still deeply committed alongside Amo\u00e9ba to support its ongoing activities, and we are confident about its potential for growth. Together, we are working to further strengthen the company\u2019s position and ensure that it has the future that it deserves\u201d. <\/p>\n<\/div><\/div><\/div>\n\n

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Fabrice Plasson, Amo\u00e9ba director and founder: <\/strong>\u201cThe relationship of mutual confidence and trust that we have developed with Nice & Green SA over the last few years has naturally led us to embark on this new strategic stage. By our side for many years, Nice & Green SA will now be even more involved in Amo\u00e9ba\u2019s project, further strengthening its positions within its governance bodies. We expect this renewed confidence to help drive the development of Amo\u00e9ba and its microbiological risk treatment solutions in the water, crop protection and cosmetics sectors. Amo\u00e9ba is now ideally positioned to capitalize on more than 10 years of R&D focused on the development of biocide, phytosanitary and cosmetic applications\u201d. <\/p>\n<\/div><\/div><\/div>\n\n

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Read the press release in PDF<\/a><\/p>\n<\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"

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