Court preliminarily approves derivative settlement requiring Origin to adopt governance reforms

Origin Materials, Inc.

Settlement resolved claims that directors made false statements about Origin 1 and Origin 2 timelines and technical issues.
Origin will implement corporate governance reforms and cost reduction measures for at least three years.
Defendants deny any wrongdoing; settlement avoids further litigation costs and disruption.
Attorneys' fees capped at $700,000 plus service awards up to $2,000, subject to court approval.
Final settlement hearing scheduled for January 20, 2026 before Judge William B. Shubb.

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