Zymergen receives extension of exclusive plan periods

By Sarah Lizee

Olympia, Wash., Feb. 1 – Zymergen Inc. secured an extension of its exclusive periods to file and solicit votes on a Chapter 11 plan, according to an order filed Wednesday with the U.S. Bankruptcy Court for the District of Delaware.

The court extended the exclusive plan filing period through the earlier of the effective date of a plan and April 30, and the exclusive solicitation period through the earlier of the effective date of a plan and July 1.

The company has filed a plan already and has received approval of the disclosure statement. The plan hearing is set for Feb. 2.

At the time of filing the motion, the company had said it was seeking the extension to provide the debtors with enough time to achieve confirmation.

The Emeryville, Calif.-based biotech company filed bankruptcy on Oct. 3 under Chapter 11 case number 23-11661.

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