Danimer Scientific Announces Intention to Complete a Reverse Stock Split
Danimer Scientific, Inc. (DNMR)
Company Research
Source: Business Wire
Expected to Begin Trading on a 1-for-40 Reverse Split-Adjusted Basis on November 13, 2024 BAINBRIDGE, Ga.--(BUSINESS WIRE)--Danimer Scientific, Inc. (NYSE: DNMR) (“Danimer” or “Company”), a leading, next-generation biotechnology company focused on the production of biomaterials, announced today that, following approval by the Company’s stockholders and its Board of Directors, the Company will effect a reverse stock split (“Reverse Stock Split”) of Danimer’s Class A common stock, par value $0.0001 per share (“Common Stock”), at a ratio of 1-for-40 (the “Reverse Stock Split Ratio”), which ratio was determined by the Board of Directors from within a range of ratios authorized by the stockholders. The Reverse Stock Split is expected to become effective on November 12, 2024, after close of trading on the New York Stock Exchange (“NYSE”). The Common Stock is expected to begin trading on a split-adjusted basis when the markets open on November 13, 2024, under the existing trading symbol “
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DNMR
News
- Danimer Scientific, Inc. (NYSE: DNMR) had its price target lowered by analysts at TD Cowen from $40.00 to $5.50. They now have a "hold" rating on the stock.MarketBeat
- Danimer Scientific, Inc. (NYSE: DNMR) was downgraded by analysts at Piper Sandler from a "neutral" rating to an "underweight" rating. They now have a $4.00 price target on the stock, down previously from $40.00.MarketBeat
- Danimer Scientific Announces Third Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- Danimer Scientific Announces Third Quarter 2024 ResultsBusiness Wire
- Danimer Scientific Announces Release Date for Third Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
DNMR
Earnings
- 11/19/24 - Beat
DNMR
Sec Filings
- 11/19/24 - Form 424B3
- 11/19/24 - Form 10-Q
- 11/19/24 - Form 8-K
- DNMR's page on the SEC website