Origin Materials Receives NASDAQ Delisting Warning for Low Bid Price

TL;DR

**Origin Materials got a NASDAQ delisting warning for its stock price being too low.**

AI Summary

Origin Materials, Inc. announced on January 4, 2024, that it received a notice from The NASDAQ Capital Market regarding its failure to comply with the minimum bid price requirement. Specifically, the company's common stock, trading under the symbol ORGN, closed below $1.00 per share for 30 consecutive business days. This matters to investors because if Origin Materials cannot regain compliance, its stock could be delisted, making it harder to trade and potentially reducing its value.

Why It Matters

This notice signals potential delisting if Origin Materials cannot raise its stock price, which could severely impact liquidity and investor confidence.

Risk Assessment

Risk Level: high — The risk of delisting is significant, as it can lead to reduced trading volume and a further decline in stock value.

Analyst Insight

A smart investor would closely monitor Origin Materials' actions to regain NASDAQ compliance, such as a potential reverse stock split, and assess the company's underlying business fundamentals before making any investment decisions, given the significant delisting risk.

Key Numbers

• $1.00 — Minimum Bid Price (The threshold Origin Materials' stock failed to meet for 30 consecutive business days.)
• 30 — Consecutive Business Days (The period over which Origin Materials' stock traded below the minimum bid price.)
• 2024-01-04 — Date of Report (The earliest event reported in the 8-K filing.)

Key Players & Entities

• Origin Materials, Inc. (company) — the registrant receiving the delisting notice
• The NASDAQ Capital Market (company) — the exchange that issued the delisting notice
• $1.00 (dollar_amount) — the minimum bid price requirement
• January 4, 2024 (date) — the date of the earliest event reported
• ORGN (company) — the trading symbol for Origin Materials, Inc.

Forward-Looking Statements

• Origin Materials will attempt a reverse stock split to regain NASDAQ compliance. (Origin Materials, Inc.) — medium confidence, target: Q2 2024
• The stock price of ORGN will remain volatile due to delisting concerns. (ORGN) — high confidence, target: Q1 2024

FAQ

Key Financial Figures

• $0.0001 — ch registered Common Stock, par value $0.0001 per share ORGN The NASDAQ Capital Marke
• $11.50 — of Common Stock at an exercise price of $11.50 per share ORGNW The NASDAQ Capital Mark
• $1.00 — Origin's common stock had closed below $1.00 per share, the minimum closing bid pric

Filing Documents

• orgn-20240104.htm (8-K) — 31KB
• 0001802457-24-000003.txt ( ) — 194KB
• orgn-20240104.xsd (EX-101.SCH) — 2KB
• orgn-20240104_def.xml (EX-101.DEF) — 15KB
• orgn-20240104_lab.xml (EX-101.LAB) — 29KB
• orgn-20240104_pre.xml (EX-101.PRE) — 16KB
• orgn-20240104_htm.xml (XML) — 4KB

01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. On January 4, 2024, Origin Materials, Inc. received a letter from the Nasdaq Listing Qualifications Staff of The Nasdaq Stock Market notifying Origin that for the last 30 consecutive business days the bid price of Origin's common stock had closed below $1.00 per share, the minimum closing bid price required by the continued listing requirements of Nasdaq listing rule 5450(a)(1). The notification received has no immediate effect on the listing of Origin's common stock on Nasdaq. In accordance with listing rule 5810(c)(3)(A), Origin has 180 calendar days, or until July 2, 2024, to regain compliance with the minimum bid price rule. To regain compliance, the closing bid price of Origin's common stock must be at least $1.00 per share for a minimum of ten consecutive business days (or such longer period of time as the Nasdaq staff may require in some circumstances, but generally not more than 20 consecutive business days) before July 2, 2024. If Origin's common stock does not achieve compliance by July 2, 2024, Origin may be eligible for an additional 180-day period to regain compliance if it meets the continued listing requirement for market value of publicly held shares and all other initial listing standards for the Nasdaq Capital Market, with the exception of the bid price requirement, and provides written notice to Nasdaq of its intention to cure the deficiency during the second compliance period by effecting a reverse stock split, if necessary. However, if it appears to the Nasdaq staff that Origin will not be able to cure the deficiency, or if Origin does not meet the other listing standards, Nasdaq could provide notice that Origin's common stock will become subject to delisting. In the event Origin receives notice that its common stock is being delisted, Nasdaq rules permit Origin to appeal any delisting determination by the Nasdaq staff to a Hearin

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. O RIGIN M ATERIALS, I NC. Dated: January 5, 2024 By: / S / Matt Plavan Matt Plavan Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR