Origin Materials plans liquidation, seeks stockholder approval for dissolution plan

• Origin Materials set a plan to dissolve and liquidate, pending stockholder approval at a special meeting.
• Board initiated a 59% workforce reduction effective May 1, 2026, targeting a USD 14 million cut in annual operating expenses.
• Restructuring charges expected at about USD 2.1 million, mainly severance and benefits, with most costs incurred by end of Q2 2026.
• Chief Executive Officer John Bissell stepped down effective May 1, 2026; he remains a director.
• Chief Financial Officer and Chief Operating Officer Matt Plavan became interim CEO; Plavan and General Counsel Joshua Lee received a 25% base-salary increase tied to dissolution work.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Origin Materials Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001802457-26-000021), on May 01, 2026, and is solely responsible for the information contained therein.