secwatch.observer — SEC 8-K summary
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Issuer:     Danimer Scientific, Inc. (—)
CIK:        0001779020
Form:       8-K
Filed at:   2025-03-18T23:59:59+00:00
Accession:  0000950170-25-041367
Event type: other_material
Sentiment:  negative
Materiality: 1.00
Item codes: 1.03, 2.04, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Danimer Scientific files Chapter 11 with $400.8M debt, plans winddown and sale
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- Filed voluntary Chapter 11 petitions on March 18, 2025 in Delaware Bankruptcy Court.
- Approximately $400.8M aggregate debt accelerated, including $211.4M convertible notes due 2026 and $128.6M Jefferies loan.
- Seeking DIP facility of $1M interim (up to $3M final) plus $12M roll-up from existing super senior note.
- Debtors plan orderly winddown of operations while pursuing sale of manufacturing facilities.
- Company warns common stock holders face loss; filed NOL motion to restrict stock trades to preserve tax attributes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1779020/000095017025041367/0000950170-25-041367-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1779020/000095017025041367/dnmr-20250318.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-041367

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