Origin Materials, Inc. (ORGN): Nasdaq/NYSE listing notice — Origin Materials receives Nasdaq notice of non-compliance with $1.00 bid price rule

Origin Materials, Inc.

Nasdaq notified Origin on Jan 4, 2024, that common stock closed below $1.00 for 30 consecutive business days.
Company has 180 calendar days (until July 2, 2024) to regain compliance by closing at $1.00+ for 10+ consecutive days.
If not compliant by July 2, Origin may be eligible for an additional 180-day period if it meets other listing standards.
Origin currently meets all other Nasdaq Capital Market requirements except the bid price rule.
Management is evaluating actions to regain compliance, including a potential reverse stock split.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.98

Origin Materials, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5450(a)(1), 5810(c)(3)(A)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5450(a)(1), 5810(c)(3)(A)

Exact text from the filing

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

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5 listing & compliance notices filed in the last 30 days. Browse all listing & compliance notices →

Origin Materials, Inc. filing history →

Source: SEC EDGAR

accession 0001802457-24-000003

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