BioAmber Inc. (OTCMKTS: BIOA), a chemicals manufacturer based in Saint Paul, Minnesota, has filed a petition for relief under Chapter 11 in the Bankruptcy Court for the District of Delaware (Case No. 18-11078). According to a press release issued on May 4, 2018, BioAmber’s Canadian subsidiaries, BioAmber Sarnia Inc. and BioAmber Canada Inc., have filed a Notice of Intention to reorganize under the Canadian Bankruptcy and Insolvency Act, with PricewaterhouseCoopers Inc. as trustee. It is not yet known if BioAmber’s Canadian subsidiaries will file Chapter 15 petitions in the United States. A motion to appoint a claims and noticing agent has not been filed. The case has been assigned to the Honorable Laurie Selber Silverstein.
Contact Norman L. Pernick or G. David Dean for more information regarding this matter. Please note, however, that Cole Schotz P.C. does not represent the debtors in these cases and cannot respond to questions directed toward the debtors.