NYSE to commence delisting proceedings against Danimer Scientific
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 31 2024
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Delisting Announcement: The NYSE has decided to delist Danimer Scientific's Class A common stock due to the company failing to meet the minimum market capitalization requirement of $15 million over a 30-day trading period.
Next Steps: Trading of Danimer Scientific's stock will be suspended immediately, but the company has the right to appeal the decision to a Committee of the Board of Directors before the NYSE applies to the SEC for the formal delisting.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
