Announcement and Share Price Reaction
Origin Materials (NASDAQ: ORGN) disclosed that it will voluntarily delist its common stock from the Nasdaq Capital Market and deregister with the Securities and Exchange Commission. The announcement triggered a 16.4% decline in the company’s shares during after‑hours trading on Wednesday.
Board Decision and Shareholder Vote
The company’s board of directors approved the delisting as part of a previously announced Plan of Dissolution. Shareholders are scheduled to vote on the Plan at a meeting on July 1 2026. The delisting intention was first disclosed in a company update dated May 1 2026.
Regulatory Filings and Timeline
Origin Materials will notify Nasdaq of its intent to delist and plans to file a Form 25 with the SEC on or about June 22 2026. The delisting is expected to become effective on July 2 2026. The company’s warrants are set to expire on June 24 2026, and Nasdaq is expected to suspend trading of the warrants prior to market open on that date. Additionally, Origin intends to file a Form 15 with the SEC on or about July 10 2026 to terminate registration of its common stock and suspend its obligation to file periodic reports under the Securities Exchange Act of 1934.
Post‑Delisting Trading Arrangements
Following the delisting, any trading in Origin’s common stock would occur on the over‑the‑counter (OTC) market; however, the company does not intend to apply for OTC quotation. If shareholders approve the Plan of Dissolution, there will be no trading market for Origin’s common stock after the certificate of dissolution is filed.
Management Commentary
Interim CEO Matt Plavan stated that, while the company remains in compliance with Nasdaq listing requirements, the board determined that delisting is consistent with the prior stated intention to maximize shareholder value. He highlighted that the move will eliminate significant legal, audit, and other costs associated with being a public company.