FX.co ★ Danimer Scientific To Begin Trading On 1-for-40 Reverse Split-Adjusted Basis On Nov 13

Danimer Scientific, Inc. (DNMR) has announced a reverse stock split of its Class A common stock, with a par value of $0.0001 per share, at a 1-for-40 ratio. This move is scheduled to take effect after the close of trading on the NYSE on November 12, 2024. Consequently, from November 13, 2024, the stock will trade on a split-adjusted basis under the unchanged trading symbol "DNMR" and a new CUSIP number (236272 407). The company anticipates that this reverse stock split will elevate the share price, thereby allowing it to comply once again with the minimum share price requirement.