Danimer Scientific to Become a Public Company
Danimer Scientific, a PHA manufacturer, has announced that it has agreed to a definitive merger agreement with Live Oak Acquisition Corp, a publicly-traded special purpose acquisition company. As a result, Danimer becomes a public company. The company will have approximately $385 million of unrestricted cash on the balance sheet to invest in future growth, including the expansion of its current facility and the build out of its contemplated greenfield facility. This demonstrates once again that the PHA-platform is moving up the s-curve and has reached a stage of early growth.