What Happened to Danimer Scientific?
Return
0.0%
Current Price
$0
Peak Price
â
Trust Size
$644M
Summary
Danimer Scientific was a bioplastics company that produced polyhydroxyalkanoate (PHA), a biodegradable alternative to traditional plastics. The company went public via SPAC merger with Live Oak Acquisition Corp in 2020 and was once valued at over $8 billion. Danimer filed for Chapter 11 bankruptcy in March 2025.
What Happened
Live Oak Acquisition Corp merged with Danimer Scientific in December 2020 amid massive ESG enthusiasm. The stock briefly traded above $60 but a short seller report questioning Danimer's biodegradability claims and an SEC investigation sent shares tumbling. The company built a PHA plant in Kentucky but couldn't achieve commercial scale. Danimer filed for Chapter 11 in March 2025 and was sold to Teknor Apex for $19 million.
Timeline
2020-03-11
S-1 Registration Filed