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Danimer Scientific ( (DNMR) ) has provided an announcement.
Danimer Scientific has been notified by the New York Stock Exchange (NYSE) that it will commence proceedings to delist the company’s Class A common stock due to non-compliance with the NYSE’s market capitalization requirements. Trading of the stock was suspended, and the company is considering an appeal. Meanwhile, Danimer expects its common stock to begin trading on the OTCQX Market. The transition is not anticipated to affect the company’s business operations, but there are uncertainties regarding the OTCQX Market’s ability to provide an efficient trading environment.
More about Danimer Scientific
Danimer Scientific is a leading bioplastics company that focuses on the development and production of biodegradable materials. The company is known for its renewable and sustainable biopolymers which are used in a wide range of plastic products, including additives, coatings, fibers, and films. Danimer holds over 480 patents in more than 20 countries, emphasizing its commitment to sustainable plastic solutions.
YTD Price Performance: -89.88%
Average Trading Volume: 81,720
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $12.47M
Learn more about DNMR stock on TipRanks’ Stock Analysis page.
