Origin Materials, Inc. 8-K
Research Summary
AI-generated summary
Origin Materials Announces 1-for-30 Reverse Stock Split
What Happened
Origin Materials, Inc. (ORGN) announced a one-for-thirty (1:30) reverse stock split via a Certificate of Amendment approved by the Board on March 4, 2026 and filed with the Delaware Secretary of State. The Reverse Stock Split is effective at 5:00 p.m. Eastern on March 19, 2026; ORGN common stock is expected to trade on a split-adjusted basis on Nasdaq when the market opens March 20, 2026 under the existing ticker "ORGN." As of March 4, 2026 the company had 162,675,959 shares outstanding, which will be reclassified into approximately 5,422,532 shares after the split. Stockholders previously approved alternate amendments at a Special Meeting on February 17, 2026.
Key Details
- Reverse ratio: 1-for-30 (every 30 existing shares → 1 share); par value remains $0.0001.
- Shares outstanding: 162,675,959 (pre-split) → ~5,422,532 (post-split).
- New CUSIP for common stock: 68622D205. Trading ticker remains "ORGN."
- Equity awards and employee stock purchase plan: the number of shares available for issuance, and shares issuable under options, RSUs and warrants, will be reduced proportionally; exercise prices for options will increase proportionally.
- Public warrants continue trading as "ORGNW" with an $11.50 per-share exercise price, but holders must exercise 30 warrants (aggregate $345.00) to receive one share; no fractional shares will be issued.
- No fractional shares will be issued due to the Reverse Split; any fractional result will instead be satisfied by issuing one full share.
Why It Matters
The reverse split reduces the number of outstanding shares and adjusts share counts in equity plans and derivative instruments, but it does not change par value or the fundamental ownership percentage of existing shareholders (aside from rounding adjustments). Trading will be adjusted on Nasdaq and the ticker remains unchanged, so shareholders should see the new per-share figures reflected when markets open on March 20, 2026. Investors should note the adjusted share counts, option/warrant exercise mechanics, and the new CUSIP when reviewing holdings or planning transactions.
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