Origin Materials Inc. has entered into a new securities purchase agreement with an institutional purchaser, allowing for the issuance of up to $100 million in senior secured convertible notes. The notes, issued at a 10% original issue discount and bearing no interest except in the event of default, will mature 30 months after the closing date of each tranche. In connection with the agreement, Origin Materials has granted the purchaser a first-priority security interest in substantially all of the company's personal property assets. The agreement includes covenants requiring Origin to maintain at least $20 million in unrestricted cash and stipulates certain conditions regarding key executive positions.
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: 0001802457-25-000076), on November 17, 2025, and is solely responsible for the information contained therein.