Danimer Scientific Reveals Receipt Of Continued Listing Standard Notice From NYSE
Portfolio Pulse from Benzinga Newsdesk
Danimer Scientific has received a notice from the NYSE regarding a deficiency in meeting the minimum share price standard. The company has notified the NYSE of its intention to remedy this deficiency within six months.

January 29, 2024 | 10:09 pm
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NEGATIVE IMPACT
Danimer Scientific has been notified by the NYSE of not meeting the minimum share price requirement and is planning to resolve the issue within six months.
Receiving a notice from the NYSE about not meeting the minimum share price requirement is a negative signal to the market, indicating potential issues with the stock's value and investor confidence. Although the company has expressed its intention to cure the deficiency, there is uncertainty regarding its ability to do so within the specified timeframe. This could lead to short-term negative sentiment among investors.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100