{
  "docId": "019dd923-622c-750b-8b99-1329de4989df",
  "docSlug": "da9f1a22e4af",
  "documentTitle": "Danimer Scientific (DNMR)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Spruce Point Capital Management",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2021-04-22 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3333334,
  "pageNumber": 26,
  "pageCount": 63,
  "prevPage": 25,
  "nextPage": 27,
  "slideType": "expose_contradiction",
  "function": "expose_contradiction",
  "density": "balanced",
  "nDataPoints": 1,
  "notes": "The slide uses a 'red flag' visual metaphor to highlight regulatory disclosures.",
  "elementsJson": [
    "headline_text",
    "paragraph",
    "callout_box",
    "screenshot",
    "icon_grid"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622c-750b-8b99-1329de4989df/26",
  "deckHref": "/decks/019dd923-622c-750b-8b99-1329de4989df",
  "deckJsonHref": "/decks/019dd923-622c-750b-8b99-1329de4989df.json",
  "deckAnchorHref": "/decks/019dd923-622c-750b-8b99-1329de4989df#slide-26",
  "components": [
    {
      "bbox": {
        "h": 0.12,
        "w": 0.78,
        "x": 0.2,
        "y": 0.33
      },
      "kind": "callout",
      "text": "Privately held Danimer Scientific, headquartered in Bainbridge, Georgia, and publicly traded Live Oak Acquisition Corp., led by Memphian Gary Wunderlich, announced a definitive merger agreement on Monday, Oct. 5.",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "2ef26dee-6912-45b7-9915-43cc37e7c208",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.12,
        "w": 0.18,
        "x": 0.02,
        "y": 0.76
      },
      "kind": "metric",
      "text": "3 Disclosures",
      "attrs": null,
      "subkind": "big-number",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "59327683-7694-4bac-a4ad-159dd52c7769",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.12,
        "w": 0.96,
        "x": 0.02,
        "y": 0.17
      },
      "kind": "paragraph",
      "text": "Danimer was acquired by a SPAC backed by an individual with an SEC regulatory history. Gary Wunderlich, a Partner of Danimer Scientific’s SPAC sponsor Live Oak Acquisition Corp, has had multiple regulatory disclosures while CEO of Wunderlich Securities including violating antifraud and compliance provisions. According to the SEC case, Wunderlich and the firm’s CCO were directly responsible as they aided and abetted certain of the firm’s violations.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "4dec051e-0349-4b38-ad48-b95324ffd3a9",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.5,
        "x": 0.02,
        "y": 0.92
      },
      "kind": "source-note",
      "text": "Source: Live Oak Merchant, FINRA, SEC",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "b74ccc12-8807-4952-802d-32fcdb843241",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.42,
        "w": 0.62,
        "x": 0.36,
        "y": 0.48
      },
      "kind": "table",
      "text": "Summary of SEC case against WSI and Wunderlich regarding antifraud and compliance violations.",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "250684b2-c434-470e-81ae-a47bd6cb1c32",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.45,
        "x": 0.305,
        "y": 0.05
      },
      "kind": "title",
      "text": "Live Oak Partner Gary Wunderlich",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "9ae63044-7700-477b-809c-7ba7903127c5",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "fraud-exposure",
      "slug": null,
      "matchId": "d8bc62c7-0b89-409e-b97f-24382b471513",
      "evidence": "The slide explicitly links a corporate partner to past SEC regulatory violations to undermine credibility.",
      "confidence": 0.95
    }
  ],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}