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Origin Materials has finalized its business combination with Artius Acquisition Inc., now trading under ticker symbol ORGN on Nasdaq. This move, approved unanimously by Artius' Board and shareholders, positions Origin as a leader in sustainable materials with an addressable market of ~$1 trillion. Customer demand has surged by 90% to $1.9 billion, aided by strategic partnerships with major firms like Ford and Mitsubishi. The company plans to utilize proceeds from this merger to advance its commercial plant projects, targeting operational launches in 2022 and 2025.
Artius Acquisition Inc. (Nasdaq: AACQU, AACQ, AACQW) announced the approval of 10 proposals at its Extraordinary General Meeting on June 23, 2021, all pertaining to the business combination with Origin Materials. The merger is set to close before market opening on June 25, 2021, leading to trading under the new ticker symbols “ORGN” and “ORGNW.” Origin Materials aims to transform biomass into carbon-negative materials, with its first commercial plant expected by late 2022 and a second one by 2025.
Artius Acquisition Inc. (Nasdaq: AACQU, AACQ, AACQW) plans to finalize its merger with Origin Materials on June 25, 2021, pending shareholder approval at the Extraordinary General Meeting on June 23, 2021. Post-merger, the combined entity will trade under the ticker symbols 'ORGN' and 'ORGNW'. Origin Materials focuses on sustainable, carbon-negative materials, with its first commercial plant operational by late 2022 and expansion plans through 2031. Investors are encouraged to review the definitive proxy statement related to the merger for critical information.
Origin Materials and Palantir Technologies have formed a strategic alliance to promote decarbonization across global materials supply chains. Origin will utilize Palantir's Foundry technology to enhance its operations and assist companies in achieving their net zero carbon goals. The collaboration aims to simplify complex supply chains, enabling transparency and efficient carbon management. Origin's carbon-negative technology, applicable across multiple industries, supports a $1 trillion market. This partnership will enhance customer value through optimized emissions tracking and sustainability practices.
Origin Materials has launched the Net Zero Automotive Program in partnership with Ford Motor Company. This initiative aims to create sustainable materials for the automotive industry, focusing on carbon-negative PET plastic derived from wood residues. With the automotive sector seeking to decarbonize, Origin's technology presents an opportunity to develop lightweight, fuel-efficient vehicles. Expected benefits include a stable pricing model less reliant on petroleum. The company's first commercial plant is set to open in 2022, paving the way for growth in various industries with a $1 trillion market potential.
Origin Materials has announced its participation in upcoming investor events, including a Reddit Ask Me Anything on June 3, 2021, and the ICR De-SPAC Webinar on June 4, 2021. Other notable events include the Morgan Stanley 6th Annual Sustainable Futures Conference and the Raymond James Renewable Energy and Clean Technology Call Series both on June 9, 2021. Following its merger with Artius Acquisition (AACQ, AACQU), Origin aims to be operational by 2022, targeting significant capacity reservations worth $1.9 billion and plans for future expansion.
Artius Acquisition announced the SEC's approval of its Registration Statement regarding the proposed business combination with Origin Materials. An extraordinary meeting for shareholder vote is scheduled for June 23, 2021, with voting closing on June 22. Origin Materials has seen its customer demand nearly double to $1.9 billion, aiming to address a $1 trillion market shift away from petroleum. The business combination is anticipated to close on or about June 24, 2021, pending shareholder approval.
Origin Materials and Artius Acquisition announced a fireside chat to discuss their upcoming business combination. Co-Founders John Bissell and Rich Riley from Origin, along with Artius CEO Boon Sim, will detail the progress on Origin's carbon-negative technology and their market potential exceeding $1 trillion. The merger, expected to close in Q2 2021, aims to fund Origin's operations until EBITDA positive and supports commercial production to meet $1.9 billion in customer reservations. The event is designed to engage investors and address ongoing advancements.
Origin Materials, a leader in carbon negative materials, announced participation in key investor events, including:
- Fermium Research Virtual Chemicals Conference (May 4-5, 2021)
- Wells Fargo Virtual Industrials Conference (May 5-6, 2021)
- Perella Weinberg Global Chemicals Conference (May 18-19, 2021)
- Vertical Research Partners Virtual Innovation Conference (May 25-26, 2021)
