Danimer Scientific Faces Delisting and Market Transition
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Danimer Scientific (DNMR) has been notified by the NYSE of impending delisting due to non-compliance with market capitalization requirements. Trading has been suspended, and the company is considering an appeal. Danimer plans to transition to the OTCQX Market, which may impact trading efficiency but not business operations. The company specializes in biodegradable materials and holds over 480 patents globally. Year-to-date, its stock has dropped 89.88%, with a current market cap of $12.47 million.
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