Danimer Scientific effects 1-for-40 reverse stock split, effective Nov 12, 2024

Danimer Scientific, Inc.

Reverse stock split at 1:40 ratio approved by stockholders on Oct 23, 2024; board set ratio.
Effective 5:01 p.m. ET Nov 12; split-adjusted trading on NYSE begins Nov 13 under DNMR.
No fractional shares issued; shareholders receive cash in lieu based on closing price.
Authorized shares remain 600M; par value unchanged at $0.0001 per share.
Proportional adjustments made to equity awards, warrants, and convertible notes.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Danimer Scientific, Inc.: Filed Sixth Amended and Restated Certificate of Incorporation to effect a 1-for-40 reverse stock split of Class A common stock (effective 2024-11-12).

Change: charter amendment
Effective: 2024-11-12

Exact text from the filing

On November 12, 2024, Danimer Scientific, Inc. (the “Company”) filed a Sixth Amended and Restated Certificate of Incorporation (the “Sixth Amended and Restated Certificate”) with the Secretary of State of the State of Delaware to effect a 1-for-40 reverse stock split (the “Reverse Stock Split”) of the shares of the Company’s Class A common stock, par value $0.0001 per share (the “Common Stock”), effective as of 5:01 p.m., Eastern Time, on November 12, 2024 (the “Effective Time”).

View on SEC.gov

Browse all governance changes →

Source: SEC EDGAR

accession 0000950170-24-125968

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.