Why Live Oak Acquisition Stock Soared 20% Today
Shares of Live Oak Acquisition (NYSE: LOAK) are soaring today, as the special purpose acquisition company (SPAC) holds a shareholder vote on its proposed merger with Danimer Scientific.
Shares were up 20% as of 11 a.m. EST on Monday after spiking almost 30% earlier in the session.
The merger to bring Danimer public was announced in October, but today's expected approval by shareholders has investors wanting to jump in for a piece of the bioplastics maker.
Source Fool.com
