WOBURN, US: Metabolix Inc declared that it is changing its name to Yield10 Bioscience Inc, effective 9 January 2017, to reflect the new mission and strategic direction of the business. Yield10 will focus on developing disruptive technologies for step-change improvements to crop yield to enhance global food security.
Yield10 Bioscience will begin trading under the symbol ‘YTEN’. The company's common stock will continue to trade under the ticker symbol ‘MBLX’ on The NASDAQ Capital Market until market close on 6 January 2017.
The name change does not affect the rights of the company's stockholders. No action is required by stockholders with respect to the name change. The company's common stock has been assigned a new CUSIP number of 98585K102 in connection with the name change. Outstanding stock certificates are not affected by the name change and will not need to be exchanged.
“We are excited to launch our new corporate identity reflecting a new strategic direction for our business in agricultural bioscience,” said Oliver Peoples, PhD, president and CEO of Yield10 Bioscience.
“We believe 2017 will be an exciting year for Yield10 as we make progress with our lead yield traits in major food crops and continue to leverage breakthrough science to discover and develop new traits for important feed and food crops to build value for our shareholders,” he added.
© Worldofchemicals News
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