ORGN will delist from Nasdaq and deregister with the SEC, ceasing public trading of its common stock.
Origin Materials (ORGN) announced plans to voluntarily delist its common stock from Nasdaq and deregister with the Securities and Exchange Commission. The move follows a decision made post-market Wednesday, with the delisting expected to take effect in July.
The company did not disclose specific reasons for the delisting or deregistration. ORGN’s shares have traded on Nasdaq since its public debut, though recent performance and market conditions were not detailed in the announcement.
No immediate market reaction was provided, and the company has not indicated future trading alternatives for shareholders.