---
title: "Origin Materials plans to sell technology, wind down operations"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/284945530.md"
description: "Origin Materials (ORGN) plans to sell its PET cap technology and other assets, leading to an orderly wind down of operations. The board approved dissolution and liquidation, pending shareholder approval. A special meeting will be called for this purpose. Following a workforce reduction, CEO John Bissell will depart, with CFO Matt Plavan as interim CEO. The company will estimate potential shareholder distributions, which may vary significantly from actual amounts."
datetime: "2026-05-01T22:23:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/284945530.md)
  - [en](https://longbridge.com/en/news/284945530.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/284945530.md)
---

# Origin Materials plans to sell technology, wind down operations

Origin Materials (ORGN) down 25.5% post-market Friday after saying its board determined it is in the best interests of its shareholders to sell its PET cap technology and other remaining assets, followed by an orderly wind down of operations. Origin (ORGN) said its board approved the dissolution and liquidation of the company, subject to shareholde...

### Related Stocks

- [ORGN.US](https://longbridge.com/en/quote/ORGN.US.md)
- [ORGNW.US](https://longbridge.com/en/quote/ORGNW.US.md)

## Related News & Research

- [Origin Materials Stock Craters As Board Moves To Sell Technology, Wind Down Operations](https://longbridge.com/en/news/285085857.md)
- [Pet Valu (TSX:PET) Trims 2026 Profit Outlook While Maintaining Dividend: What Does This Signal?](https://longbridge.com/en/news/286654100.md)
- [Telix Announces Collaborations to Explore PSMA-PET Imaging in Emerging Prostate Cancer Treatment Approaches | TLX Stock News](https://longbridge.com/en/news/286547990.md)
- [Unicharm Boosts Capital in Brazilian Pet Unit for Full-Scale Market Entry](https://longbridge.com/en/news/286535423.md)
- [Pet Valu Holdings Q1 2026 Earnings Call Transcript](https://longbridge.com/en/news/286111791.md)