Origin Materials, Inc. (“Origin”) (Nasdaq: ORGN, ORGNW), a technology company with a mission to enable the world’s transition to sustainable materials, has entered into binding agreements to settle the shareholder class action lawsuit and the related derivative lawsuit pending in the United States District Court for the Eastern District of California (the “Court”).
The proposed settlements resolve all claims asserted against Origin and the other named defendants in the lawsuits, without any liability or wrongdoing attributed to them or the Company. The shareholder class action lawsuit and related derivative lawsuit were initially filed in August 2023 and March 2025, respectively.
Each settlement agreement is subject to preliminary and final approval by the Court. Information regarding the proposed settlements and the approval process may be found in the Settlement Agreement and Notice of Pendency and Proposed Settlement of Derivative Actions.
About Origin Materials
Origin is a technology company with a mission to enable the world’s transition to sustainable materials. Our innovations include PET caps and closures that bring recycling circularity and enhanced performance to a ~$65 billion market, specialty materials, and our patented biomass conversion platform that transforms carbon into sustainable materials for a wide range of end products. For more information, visit www.originmaterials.com.
Cautionary Note on Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of the federal securities laws. These forward-looking statements include, but are not limited to, statements regarding Origin Materials’ business strategy and estimated total addressable market, and anticipated performance characteristics of Origin’s PET caps. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. We undertake no obligation to revise or publicly release the results of any revision to these forward-looking statements, except as required by law.
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