Next-generation bioplastics company Danimer Scientific, Bainbridge,Ga., has strengthened its market position through a business merger with Live Oak Acquisitions Corp., Great Falls, Va. The latter is a publicly traded special purpose acquisition company, which raises cash in an initial public offering with the goal of buying a private company is a deal that takes the acquired company public. In closing the deal, Live Oak changed its name to Danimer Scientific, Inc. (“Danimer Scientific” or the “Company”). Since December 30, 2020, the common stock of Danimer Scientific is trading under the ticker symbol “DNMR” on the New York Stock Exchange.
Danimer Scientific signature polymer, Nodax PHA is a 100% biodegradable, renewable, and sustainable plastic produced using canola oil as a primary feedstock. Nodax PHA reportedly is the first PHA polymer to be certified as marine degradable, the highest standard of biodegradability, which verifies the material will fully degrade in ocean water without leaving behind harmful microplastics. (Read more)