Filing of Certain Prospectuses and Communications in Connection With Business Combination Transactions (425)
October 05 2020 - 4:02PM
Edgar (US Regulatory)
Filed by Live Oak Acquisition Corp. pursuant
to
Rule 425 under the Securities Act of 1933
and deemed filed pursuant to Rule 14a-12
under the Securities Exchange Act of 1934
Subject Company: Live Oak Acquisition Corp.
Commission File No.: 001-39280
Good morning,
As I believe you are aware, this is a very exciting
time in Danimer Scientific’s company history. I would like to thank each of you for your commitment to Danimer Scientific
and your financial support over the years. Our company has experienced rapid growth over the last two years with the expansion
to our new facility in Kentucky. Given the increasing demand for our Nodax™ PHA as a solution to one of the world’s
greatest problems, we believe we have a bright future ahead of us.
As part of our growth and looking towards the future, we have entered
into a definitive agreement for a business combination that upon closing will result in Danimer becoming a publicly-traded company
through a merger with Live Oak Acquisition Corp. Our current executive team will continue to lead the Company. We expect this transaction
will provide substantial and adequate capital for us to fully fund planned growth, allowing us to continue on our mission of creating
environmentally responsible and natural alternative solutions to traditional petroleum-based resins.
The transaction implies a pro forma equity valuation for the combined
company of $890 million at Closing.
We are driving towards finalizing the transaction
as expeditiously as possible, but the exact timing is dependent upon a number of items, including government approval and a majority
of shareholders approving the transaction. Please see the linked press release below for additional information about this exciting
development.
This transaction not only allows the Company access to capital
to execute its planned growth but also provides liquidity to you, our shareholders, as Danimer shares will be traded on the open
market. Without your support we would not have made it to this point in our history, and we are pleased at the opportunity to continue
to grow the company. Thank you for your continued investment in Danimer Scientific.
A copy of
the press release issued this morning can be found at Danimer Scientific Press
Release.
Danimer shareholders who have further questions are invited
to join an informational call on Wednesday, October 7, 2020 at 1:00 p.m. Eastern time by dialing XXXXXXXXXX and enter Conference
ID: XXXXXXXXX
Best regards,
Stephen Croskrey
Danimer Scientific Home page
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