Origin Materials' board has authorised the voluntary removal of the company’s common shares from the Nasdaq Capital Market and the withdrawal of their registration with the US Securities and Exchange Commission (SEC).
As part of the process, Origin expects to submit a Form 25 to the SEC on or around 22 June 2026.
In a statement, the company said: "While we are in compliance with applicable Nasdaq listing requirements, our board determined that it is consistent with our prior stated intention to maximise shareholder value, which includes the sale of our technology and associated assets, to voluntarily delist our common stock now given the potential to eliminate significant legal, audit, and other costs associated with being a public company."
The removal of Origin’s common stock from Nasdaq is expected to take effect on 2 July 2026.
Nasdaq is also expected to submit a Form 25 covering the company’s warrants as they are due to expire on 24 June 2026.
Origin plans to file a Form 15 with the SEC on or around 10 July 2026. This would end the registration of its common stock and immediately suspend its duty to submit periodic reports under the Securities Exchange Act of 1934, as amended.
After the Nasdaq delisting, trading in Origin’s common stock could take place, if at all, on the over-the-counter (OTC) market. The company said it does not plan to seek an OTC quotation for its shares.
It added that if shareholders approve the plan of dissolution, there would be no market for the stock once the certificate of dissolution is filed.
Origin Materials interim CEO Matt Plavan said: "We announced in our 1 May 2026 company update that we intend to delist our common stock and warrants from Nasdaq in connection with the plan of dissolution that we asked shareholders to approve at our upcoming shareholder meeting on 1 July 2026."
In March, Origin Materials entered a distribution agreement with HP Embalagens to supply polyethylene terephthalate (PET) bottle caps made from recycled materials. HP Embalagens intends to deliver Origin PET caps to its clients across South America, especially in the Brazilian market.
