BioAmber Inc. (NYSE:BIOA) announced that it has entered into a subscription agreement for a private placement of 273,331 common shares at a price of $0.75 per share for gross proceeds of $204,998 with certain of the company’s officers and directors on August 8, 2017. The transaction will involve participation from Chief Executive Officer, Chief Financial Officer, and certain directors. The transaction is expected to close on or about August 15, 2017.