regulatory
confidence high
sentiment negative
materiality 0.70
Origin Materials, Inc. (ORGN): Nasdaq/NYSE listing notice — Origin Materials receives Nasdaq deficiency notice for bid price below $1.00 per share
Origin Materials, Inc.
- On April 7, 2025, Nasdaq notified Origin that its common stock bid price closed below $1.00 for 31 consecutive business days.
- Company has 180 calendar days, until October 6, 2025, to regain compliance by closing at $1.00 for at least ten consecutive business days.
- If not compliant by deadline, Origin may be eligible for an additional 180-day period if it meets other listing standards and effectuates a reverse stock split.
- Origin currently meets all other listing standards for Nasdaq Capital Market except the bid price requirement; it intends to monitor and evaluate potential actions.
- There is no assurance of successful maintenance of listing; failure could lead to delisting and appeal process.