Origin materials regains compliance with Nasdaq listing requirements
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Origin materials regains compliance with Nasdaq listing requirements

The company had previously been notified by the Nasdaq on January 4, 2024, that it was not in compliance with the Minimum Bid Price Requirement

  • By ICN Bureau | June 17, 2024

Origin Materials (Origin), the world’s leading carbon negative materials company with a mission to enable the world’s transition to sustainable materials, announced that on June 11, 2024 it received written notice from the Nasdaq Listing Qualifications Staff of the Nasdaq Stock Market (Nasdaq) stating that the Company regained compliance with the Minimum Bid Price Requirement set forth in Nasdaq Listing Rule 5550(a)(2).

The company had previously been notified by the Nasdaq on January 4, 2024, that it was not in compliance with the Minimum Bid Price Requirement, as the closing bid price of the Company’s common stock had been below $1.00 for more than 30 consecutive business days. In order to regain compliance with the Minimum Bid Price Requirement, the Company was required to maintain a minimum closing bid price of $1.00 or more for at least 10 consecutive trading days, which was achieved on June 10, 2024.

On June 11, 2024, Nasdaq provided confirmation to the Company that for 10 consecutive business days, from May 28, 2024 to June 10, 2024, the closing bid price of the Company’s common stock was $1.00 or greater. Accordingly, the Company has regained compliance with Listing Rule 5550(a)(2) and the matter is now closed.

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