$30 Million Private Placement of Common Stock and Warrants Concurrent Conversion of $45 Million of Outstanding Debt into Equity
Management to Host Corporate Update Conference Call to Discuss the Transaction on Monday, December 18, 2017 at 1:30 p.m. PST / 4:30 p.m. EST
DAVIS, Calif., Dec. 18, 2017 (GLOBE NEWSWIRE) — Marrone Bio Innovations, Inc. (MBI or the Company) (NASDAQ:MBII), a leading provider of bio-based pest management and plant health products for the agriculture, turf and ornamental and water treatment markets, today announced that it has entered into a securities purchase agreement (the Purchase Agreement) with certain institutional accredited investors (collectively, the Buyers), including Ospraie Ag Science LLC …
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