Live Oak Acquisition Corp - Ordinary Shares - Class A

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Danimer Scientific A Next Generation Bioplastics Company To Become A Public Company

Published: 10/05/2020 11:16 GMT
(LOAK) - Danimer Scientific, a Next Generation Bioplastics Company, to Become a Public Company.
Live Oak Acquisition Corp - Institutional Investors Commit to Invest $210 Million at Closing.
Live Oak Acquisition Corp - Danimer Will Continue to Be Led by Stephen E. Croskrey, Danimer's Current Chief Executive Officer.
Live Oak Acquisition Corp - Combined Company Will Be Renamed Danimer Scientific and is Expected to Remain Listed on Nyse Under a New Ticker Symbol.
Live Oak Acquisition Corp - Transaction Implies an Equity Valuation for Danimer of Approximately $890 Million at Closing.
Live Oak Acquisition Corp - Anticipated That Combined Company Will Have Approximately $385 Million of Unrestricted Cash on Balance Sheet.
Live Oak Acquisition Corp - in Addition to Serving As Ceo, Croskrey Will Be Named Chairman of Board.
Live Oak Acquisition - Fully Financed at Deal Closing to Expand Production Capacity From 20 Million Pounds Annually Today to About 200 Million Pounds in 2025.
Live Oak Acquisition Corp - Upon Closing of Transaction, Rick Hendrix, CEO of Live Oak, Will Join Danimer's Board.
Live Oak Acquisition Corp - Affiliates of Live Oak Have Committed to Purchasing Over $50 Million of Private Investment.
Live Oak Acquisition Corp - Upon Closing of Transaction John Amboian, Non-executive Chairman of Co, Will Serve on Board As Lead Independent Director.