Traders should expect the warrants to cease trading on Nasdaq immediately. The delisting likely forces trading to the OTC markets with significantly reduced liquidity. Monitor for any subsequent going-private transaction or bankruptcy filing, as the micro-cap status and delisting suggest limited recovery prospects for equity.
Price Chart
Executive Summary
Nasdaq filed a Form 25-NSE to delist and deregister Origin Materials' warrants under Rule 12d2-2(a)(2), effective immediately. This is a terminal event for the warrant listing, consistent with the company's micro-cap status and prior delisting notices. The filing confirms the removal of the company's securities from Nasdaq, a bearish signal for equity holders as it reduces liquidity and access to public markets.
Key Facts
- Form 25-NSE filed by Nasdaq Stock Market LLC to remove Origin Materials' warrants from listing and registration.
- Effective date: June 23, 2026.
- Rule cited: 17 CFR 240.12d2-2(a)(2) — removal of matured, redeemed, or retired securities.
- Company market cap is approximately $5M, indicating severe financial distress.
- Cross-filing actuarial verdicts confirm multiple amplifier contexts (delisting-notice, exchange-delisting-deregistration, exchange-delisting-going-private, exchange-delisting-late-filing), all statistically significant.
Financial Impact
Complete loss of Nasdaq listing for warrants; equity holders face reduced liquidity and potential OTC trading. No dollar amounts provided in filing.
Risk Factors
- Complete loss of exchange listing for warrants, reducing liquidity and price discovery.
- Potential for further delisting of common stock if not already delisted.
- Limited trading volume and wider bid-ask spreads on OTC markets.
- Risk of involuntary deregistration under Section 12(g) if shareholder count falls below threshold.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 25-NSE Filing (Primary) | 0001354457-26-000608 |
| Document: 0001354457-26-000608-index-headers.html | 0001354457-26-000608 |
| Document: 0001354457-26-000608-index.html | 0001354457-26-000608 |
| Document: 0001354457-26-000608.txt | 0001354457-26-000608 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 10, 2026 15w ago | EFFECT | $0.9500 | awaiting T+5 | — | — |
Jun 23, 2026 18w ago | 25-NSE | $0.8901 $0.9501 | ▼ −6.74% | ▼ −5.03% | — |
US Market Status
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