Origin Materials Faces Nasdaq Deadline Amid Strategic Shifts

Origin Materials US68622D1063

Origin Materials has secured a critical extension from the Nasdaq stock exchange, giving it until April 6, 2026, to regain compliance with the minimum $1.00 bid price requirement. This development coincides with the company finalizing a legal settlement with shareholders and securing fresh capital to advance its bio-based materials business. The coming months will test whether the firm can meet the listing standard while executing its commercialization roadmap.

The company's latest quarterly results, for Q3 2025, fell short of market expectations. Origin Materials reported a loss per share of -$0.11 on revenue of $4.66 million. Despite the miss, management highlighted progress in securing new financing and a strategic focus on the market for PET closures for water and carbonated beverages.

Looking ahead, the company has provided ambitious revenue projections: $20–30 million for 2026, followed by a significant jump to $100–200 million in 2027. Furthermore, leadership targets achieving an adjusted EBITDA run-rate breakeven point by 2027. These forecasts do not account for potential outcomes from an ongoing strategic review process.

New Financing and Legal Settlement Details

In a move to bolster its financial position, subsidiary Origin Closures entered into a secured loan agreement in October 2025. The loan, provided by Starlinger & Co., is for approximately €9.48 million (about $11.18 million) and carries an annual interest rate of 10.56%. The proceeds are earmarked for equipment to produce PET sheet, with Origin Materials acting as guarantor. The first semi-annual payment is due in April 2026, with final maturity set for October 2029.

On the legal front, a federal judge granted final approval to a shareholder settlement on January 23, 2026. As part of the agreement, the company is required to establish an Operational Excellence Committee within its board of directors and appoint a Chief Compliance Officer for a minimum term of three years. These steps are designed to enhance corporate governance and reporting standards.

The Path to Nasdaq Compliance

The exchange initially notified Origin Materials of its non-compliance on April 7, 2025, after its share price closed below the $1.00 minimum for 30 consecutive trading days. The 180-day extension, granted on October 7, 2025, provides a pathway to remedy the situation. The company has indicated that a reverse stock split is among the potential actions it may take to cure the deficiency and restore its listing standing.

Key Upcoming Milestones

• On or about March 12, 2026: Expected release of the next quarterly financial report.
• April 2026: First semi-annual interest payment on the secured loan is due.
• April 6, 2026: Final deadline to regain compliance with Nasdaq's minimum bid price rule.

The Bottom Line: The immediate priority for Origin Materials is satisfying Nasdaq's listing requirements by the April 6, 2026 deadline, likely through a corporate action such as a reverse split. Subsequent financial reports and the company's ability to meet its payment obligations will provide crucial insight into its liquidity and operational progress as it works toward its ambitious commercialization and revenue targets.