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TerraVia Holdings, Inc. Bankruptcy Case

TerraVia Holdings, Inc.

Sale Process

Case No. 17-11655·Delaware·Petition date Aug 2, 2017

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OverviewProfessionals

Key professionals

Investment Banker

Rothschild Inc.

Claims and Noticing Agent

Verita Global

Judge: Christopher S. Sontchi
Petition assets: $1M–$10M
Petition liabilities: $100M–$500M
Industry: Technology
Debtors: 3

TerraVia Holdings, Inc. is a South San Francisco-based food, nutrition, and specialty ingredients company that develops algae-based oils and powdered products. Founded in 2003 as Solazyme, Inc. and publicly traded on NASDAQ (TVIA), the company utilizes proprietary fermentation technology to convert plant-based sugars into ingredients for aquaculture, animal nutrition, and consumer food markets. Its portfolio includes AlgaPrime™ DHA, AlgaVia®, and Thrive® Culinary Algae Oil. The company operates a 50.1% interest in a 625,000-liter fermentation facility in Brazil and employs 77 people.

Case background, summaries, and key terms are generated from the filings on this docket. Docket entries and documents come from the court.

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