secwatch.observer — SEC 8-K summary
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Issuer:     Origin Materials, Inc. (ORGN)
CIK:        0001802457
Form:       8-K
Filed at:   2025-11-17T23:59:59+00:00
Accession:  0001802457-25-000076
Event type: debt
Sentiment:  negative
Materiality: 0.80
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Origin Materials enters $100M convertible note facility; initial $16.7M tranche funded
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- Issued $16.7M in senior secured convertible notes; net proceeds $15.0M after 10% OID.
- Notes bear zero interest, mature 30 months from closing, convertible at $0.62616 per share.
- Monthly amortization payments of $3.0M (cash) or greater of $2.0M and 20% of daily volume (stock).
- Additional $83.3M available in tranches subject to stockholder approval and other conditions.
- Security agreement grants first-priority lien on substantially all personal property assets.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1802457/000180245725000076/0001802457-25-000076-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1802457/000180245725000076/orgn-20251113.htm
  HTML page:      https://secwatch.observer/filing/0001802457-25-000076

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer