NYSE Suspends Danimer Scientific Shares, Cites Failure to Meet Market Cap Requirement

Dow Jones

2024/12/31

By Josh Beckerman

Danimer Scientific shares have been suspended on the New York Stock Exchange as the stock didn't maintain the required $15 million average global market capitalization over a consecutive 30-day trading period.

The NYSE announced proceedings to delist shares of the bioplastics company, which has the right to appeal.

Danimer shares were at $4.25 after-hours prior to a trading halt. The stock closed Monday's regular session down 12.5% at $4.13.

Write to Josh Beckerman at josh.beckerman@wsj.com

(END) Dow Jones Newswires

December 30, 2024 17:07 ET (22:07 GMT)

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The stock closed Monday's regular session down 12.5% at $4.13. \n\n\n \n\n\n  Write to Josh Beckerman at josh.beckerman@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  December 30, 2024 17:07 ET (22:07 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-2","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}