Live Oak Acquisition Corp. is seeking stockholder approval for its proposed merger with Danimer Scientific, a bioplastics company, which aims to leverage the growing demand for sustainable materials.

Information on the Target

Live Oak Acquisition Corp. (NYSE: LOAK) is a publicly-traded special purpose acquisition company (SPAC) that is currently seeking to merge with Meredian Holdings Group, Inc., operating under the name Danimer Scientific. Danimer is a forward-thinking company that specializes in performance polymers, focusing on innovative bioplastic materials that serve as replacements for conventional petrochemical-based plastics. Their approach aims to address environmental challenges posed by traditional plastics by providing sustainable, renewable alternatives.

Danimer operates through its key subsidiaries including Meredian, Inc., Danimer Scientific, L.L.C., and Danimer Scientific Kentucky, Inc. The company has established a strong intellectual property portfolio and has developed competencies in fermentation process engineering and polymer science, making it a significant player in the bioplastics industry.

Industry Overview in the Target’s Specific Country

The bioplastics industry has been experiencing significant growth, particularly in the United States, driven by increasing consumer demand for sustainable products and stricter environmental regulations. Companies are increasingly seeking biodegradable and