Origin Materials, Inc. Material Event - What Happened

This report explains the latest news from Origin Materials in plain English. We have removed the corporate jargon so you can understand exactly what is happening and why it matters.

1. What happened?

Origin Materials, Inc. is officially moving forward with a plan to shut down and dissolve the company. To help with this, the company issued one share of Series A Junior Preferred Stock to its General Counsel, Joshua Lee. The Board of Directors authorized this to give the holder specific voting rights needed to finish the legal requirements of closing the business.

2. When did it happen?

The Board of Directors approved the shutdown plan on May 1, 2026. The company issued the Series A Junior Preferred Stock on July 7, 2026.

3. Why did it happen?

The company is closing down after a strategic review. The single share of Series A Junior Preferred Stock is a technical tool to prevent administrative delays. This share gives the holder the power to vote on matters related to the shutdown, helping the company meet the voting requirements needed to close the business and distribute assets.

4. Why does this matter?

This is the final phase of Origin Materials as a public company.

• The Stock: The company’s common stock was removed from the Nasdaq Global Select Market. Trading stopped on July 2, 2026.
• The Process: The company is now "winding down." This involves selling assets, paying off debts, and distributing any remaining cash to stockholders.
• The Special Share: This share is not for public trading. It is a legal tool to speed up the final steps of closing the company. It does not give the holder the same financial rights as common stock; it is strictly for governance.

5. Who is affected?

• Investors: Shareholders are waiting for a final payout. Because the stock is no longer on major exchanges, you cannot easily sell your shares. Any money returned to shareholders depends on the company paying all its debts first.
• Customers: The company has stopped all business operations. It is no longer filling orders or maintaining supply chains.
• Employees: The company is finishing its wind-down, which includes closing all business activities and letting go of remaining staff.

6. What happens next?

The company plans to file a Form 15 with the SEC around July 16, 2026. This will end the registration of its common stock and stop its requirement to file regular financial reports. After this, the company will focus only on selling remaining assets and paying out any leftover cash to stakeholders based on their priority.

7. What should investors know?

The investment phase for Origin Materials is over. Because the stock was removed from the Nasdaq, there is no active public market for your shares. Investors are now in a "waiting" period. There is no way to trade the stock. The value of any final payout depends entirely on how much money is left after the company pays all its bills and shutdown costs.

Bottom Line: If you are a current shareholder, there is no action you can take to trade or sell your position. You are essentially waiting to see if there are any assets left to distribute after the company settles its debts. Keep an eye on official SEC filings for any updates regarding potential liquidating distributions.

Disclaimer: This summary is for informational purposes only and does not constitute financial advice. Always do your own research before making investment decisions.