Origin Materials, Inc. announced a restructuring with charges of approximately $2.1 million (approximately 59%).
“its workforce by approximately 59%, resulting in an approximately $14.0 million decrease in annual operating expenses. Origin anticipates that it will incur approximately $2.1 million in restructuring charges in connection with the workforce reduction, primarily consisting of cash expenditures of approximately $2.1 million for severance and benefits costs.”
Matt Plavan was appointed as Interim Chief Executive Officer at Origin Materials, Inc..
“Matt Plavan, age 62, our Chief Financial Officer and Chief Operating Officer has been appointed Interim Chief Executive Officer, effective May 1, 2026.”
John Bissell departed as Chief Executive Officer at Origin Materials, Inc..
“John Bissell has stepped down as Chief Executive Officer, effective May 1, 2026.”
Earnings Releases
Origin Materials, Inc. reported financial results for the year ended December 31, 2025.
“On March 27, 2026, Origin Materials, Inc. issued a press release announcing its financial results for the year ended December 31, 2025.”
Governance Changes
Origin Materials, Inc.: Filed Certificate of Amendment to effect a one-for-thirty reverse stock split of common stock (effective 2026-03-19).
“On March 19, 2026, Origin Materials, Inc., a Delaware corporation (the “Company”), filed with the Secretary of State of the State of Delaware a Certificate of Amendment to the Company’s Certificate of Incorporation (the “Amendment”), to effect a one-for-thirty reverse stock split of its outstanding common stock, effective as of March 19, 2026 (the “Reverse Stock Split”).”
Restructurings & Charges
Origin Materials, Inc. announced a restructuring with charges of approximately $0.9 million in restructuring charges (reduction of approximately 32% of the Company's global workforce).
“completing in the first quarter of 2026, subject to compliance with statutory notice periods, where applicable. The Company anticipates that it will incur approximately $0.9 million in restructuring charges in connection with the workforce reduction, primarily consisting of cash expenditures of approximately $0.9 million for severance and benefits costs. The”
Governance Changes
Origin Materials, Inc.: Amended and restated bylaws to change quorum requirement from majority to one-third of outstanding shares (effective 2025-12-11).
“On December 11, 2025, the board of directors of Origin Materials, Inc. (the “Company”) amended and restated the Company’s Bylaws (as amended and restated, the “Amended and Restated Bylaws”), effective immediately.”
Debt Financings
Origin Materials, Inc. incurred senior notes of $16.7 million in aggregate principal amount of Notes with an institutional purchaser at The Notes bear no interest rate (except upon event of default) maturing the date that is the 30-month anniversary of the last day of the month in which the closing with respect to the applicable Notes occurs.
“under the Purchase Agreement to occur on or about November 17, 2025, subject to the satisfaction of customary closing conditions. At the initial closing, the Company will issue $16.7 million in aggregate principal amount of Notes and will receive $15.0 million (after deducting the original issue discount). The Company has agreed to seek stockholder approval to permit”
Debt Financings
Origin Materials, Inc. incurred guarantee of €9,476,157.60 (approximately $11,182,813.58 based on the exchange rate in effect September 22, 2025) with Starlinger & Co Gesellschaft m.b.H. at 10.56% per annum maturing fully repaid in October 2029.
“In connection with the Note, the Company executed a Guaranty Agreement in favor of Starlinger dated September 22, 2025 (the “Guaranty”).”
Debt Financings
Origin Materials, Inc. incurred loan of €9,476,157.60 (approximately $11,182,813.58 based on the exchange rate in effect September 22, 2025) with Starlinger & Co Gesellschaft m.b.H. at 10.56% per annum maturing fully repaid in October 2029.
“On September 22, 2025, Origin Closures, LLC (“Closures”), a wholly-owned subsidiary of Origin Materials, Inc. (the “Company,” “we,” or “us”) executed a Secured Promissory Note (the “Note”) in favor of Starlinger & Co Gesellschaft m.b.H. (“Starlinger”) in the principal amount of €9,476,157.60 (approximately $11,182,813.58 based on the exchange rate in effect September 22, 2025) to finance the purchase of certain equipment used to produce polyethylene terephthalate (PET) sheet.”
Listing & Compliance Notices
Origin Materials, Inc. received a nasdaq extension granted notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).
“October 7, 2025, the Company received written notice from Nasdaq notifying the Company that it has determined that the Company is eligible for an additional 180-day calendar period, or until April 6, 2026, to regain compliance. The determination is based upon the Company meeting the applicable market value of publicly held shares requirement for continued listing and all other applicable requirements for initial listing on The Nasdaq Capital Market (except for the Minimum Bid Requirement), the Company’s written notice of its intention to cure the deficiency by effecting a reverse stock split”
Pia Heidenmark Cook departed as Director at Origin Materials, Inc..
“On April 28, 2025, Pia Heidenmark Cook notified the Board of Directors (the “Board”) of Origin Materials, Inc. (the “Company”) that she has decided not to stand for reelection as a director of the Company at the Annual Meeting of Stockholders to be held on May 6, 2025 (the “Annual Meeting”).”
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