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Danimer Scientific ( (DNMR) ) has provided an announcement.
Danimer Scientific announced the issuance of a $11.25 million super senior secured promissory note to enhance its liquidity and financial structure. This move is expected to strengthen the company’s balance sheet and support its efforts in expanding production of biodegradable plastics, positioning the company at the forefront of sustainable plastic alternatives.
More about Danimer Scientific
Danimer Scientific is a leading bioplastics company focused on developing and producing biodegradable materials. Its products, such as polyhydroxyalkanoate (PHA) and polylactic acid (PLA), provide sustainable alternatives to traditional plastics. The company’s technology is used in various plastic end-products, including additives, coatings, fibers, and molded articles.
YTD Price Performance: -90.34%
Average Trading Volume: 47,763
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $11.9M
For an in-depth examination of DNMR stock, go to TipRanks’ Stock Analysis page.
