07:48 AM EST, 12/31/2024 (MT Newswires) -- Danimer Scientific ( DNMR ) is set to be delisted by the New York Stock Exchange for failing to meet the requirement that listed companies maintain an average global market capitalization of at least $15 million, the exchange said late Monday.

Trading in the company's class A stock has been suspended as delisting proceedings commence, the NYSE said.

"The company has a right to a review of this determination by a committee of the board of directors of the exchange," the NYSE said.