Origin Materials, Inc. (“Origin Materials”), the world’s leading
carbon negative materials company, and Artius Acquisition Inc.
(“Artius”) (Nasdaq: AACQU, AACQ), a publicly-traded special purpose
acquisition company, announced that the companies will host a
fireside chat with IPO Edge today, Monday, May 24 at 2pm EDT, to
discuss their pending business combination. The live event will
feature Origin Co-Founder and Co-CEO John Bissell and Co-CEO Rich
Riley, as well as Artius CEO Boon Sim. IPO Edge Editor-in-Chief
John Jannarone will moderate the video session, which will last
approximately 45 minutes and include a Q&A with the
audience.
To register, CLICK HERE
To view IPO Edge’s announcement about today’s fireside chat,
CLICK HERE
Bissell, Riley and Sim will discuss:
- Business combination with Artius
- Origin's carbon negative technology platform
- Addressable market opportunity and target end markets
- Partnerships to develop and commercialize carbon-negative
materials
- Progress towards commercialization
“The Origin Materials team has made significant progress
advancing our carbon negative materials platform. We are pleased
with the continued interest our breakthrough and patented
technology has received from major supply chain partners,” said
Rich Riley, Co-CEO of Origin Materials. “In addition to continued
progress with our customers in the CPG sector, we have announced
additional strategic partnerships over the last few months to
develop and commercialize carbon negative materials for
applications across a range of end markets, including apparel,
fibers, automotive, packaging and asphalt. We believe our
technology provides a key solution for helping the world
decarbonize and enabling our customers to achieve their net-zero
goals. These recently announced partnerships demonstrate the
flexibility of our technology platform, as well as the large
addressable market opportunity of more than $1 trillion we are
pursuing. We look forward to engaging with investors during today’s
fireside chat and providing an update on our business
momentum.”
About Origin Materials
Headquartered in West Sacramento, Origin Materials is the
world's leading carbon negative materials company. Origin
Materials’ mission is to enable the world’s transition to
sustainable materials. Over the past 10 years, Origin Materials has
developed a platform for turning the carbon found in non-food
biomass into useful materials, while capturing carbon in the
process. Origin Materials’ patented drop-in core technology,
economics and carbon impact are supported by a growing list of
major global customers and investors. Origin Materials’ first
commercial plant is expected to be operational in 2022 with a
second commercial plant expected to be operational by 2025 and
plans for additional expansion over the next decade.
On February 17, 2021, Origin Materials and Artius Acquisition
Inc. (“Artius”) (Nasdaq: AACQU, AACQ), a publicly-traded special
purpose acquisition company, announced a definitive agreement for a
business combination that is expected to result in Origin Materials
becoming a public company. Upon closing of the transaction,
expected in the second quarter of 2021, the combined company will
be named Origin Materials and remain listed on the Nasdaq under the
new ticker symbol “ORGN.” The transaction, together with
anticipated financing and grants, is expected to fully fund Origin
Materials until EBITDA positive, and allow Origin Materials to
scale and commence commercial production to begin to meet signed
customer offtake and capacity reservations of $1.9 billion across a
diverse range of industries.
For more information, visit www.originmaterials.com.
Important Information for Investors and Shareholders
In connection with the proposed business combination
transaction, Artius filed an amended registration statement on Form
S-4 (the “Registration Statement”) with the SEC on May 3, 2021,
which includes a preliminary proxy statement to be distributed to
holders of Artius’ ordinary shares in connection with Artius’
solicitation of proxies for the vote by Artius’ shareholders with
respect to the proposed transaction and other matters as described
in the Registration Statement, as well as the prospectus relating
to the offer of securities to be issued to Artius’ shareholders and
Origin Materials’ stockholders in connection with the proposed
transaction. After the Registration Statement has been declared
effective, Artius will mail a definitive proxy statement, when
available, to its shareholders. Investors and security holders
and other interested parties are urged to read the proxy
statement/prospectus, any amendments thereto and any other
documents filed with the SEC carefully and in their entirety when
they become available because they will contain important
information about Artius, Origin Materials and the proposed
transaction. The documents relating to the proposed transaction
(when they are available) can be obtained free of charge from the
SEC’s website at www.sec.gov. Free
copies of these documents, once available, may also be obtained
from Artius by directing a request to: Artius Management LLC, 3
Columbus Circle, Suite 2215, New York, New York 10019.
Cautionary Note on Forward-Looking Statements
This press release contains certain forward-looking statements
within the meaning of the federal securities laws, including with
respect to the proposed transaction between Origin Materials and
Artius. Forward-looking statements generally are accompanied by
words such as “believe,” “may,” “will,” “estimate,” “continue,”
“anticipate,” “intend,” “expect,” “should,” “would,” “plan,”
“predict,” “potential,” “seem,” “seek,” “future,” “outlook,” and
similar expressions that predict or indicate future events or
trends or that are not statements of historical matters. These
forward-looking statements include, but are not limited to,
statements regarding Origin Materials’ business strategy, estimated
total addressable market, commercial and operating plans, product
development plans and projected financial information. These
statements are based on various assumptions, whether or not
identified in this press release, and on the current expectations
of the management of Origin Materials and are not predictions of
actual performance. These forward-looking statements are provided
for illustrative purposes only and are not intended to serve as,
and must not be relied on as, a guarantee, an assurance, a
prediction, or a definitive statement of fact or probability.
Actual events and circumstances are difficult or impossible to
predict and will differ from assumptions. Many actual events and
circumstances are beyond the control of Origin Materials and
Artius. These forward-looking statements are subject to a number of
risks and uncertainties, including that Origin Materials may be
unable to successfully commercialize its products; the effects of
competition on Origin Materials’ business; the uncertainty of the
projected financial information with respect to Origin Materials;
disruptions and other impacts to Origin Materials’ business as a
result of the COVID-19 pandemic and other global health or economic
crises; changes in customer demand; Origin Materials and Artius may
be unable to successfully or timely consummate the proposed
business combination, including the risk that any regulatory
approvals may not obtained, may be delayed or may be subject to
unanticipated conditions that could adversely affect the combined
company or the expected benefits of the business combination, or
that the approval of the stockholders of Artius or Origin Materials
may not be obtained; failure to realize the anticipated benefits of
the business combination; the amount of redemption requests made by
Artius’ stockholders, and those factors discussed in the
Registration Statement under the heading “Risk Factors,” and other
documents Artius has filed, or will file, with the SEC. If any of
these risks materialize or our assumptions prove incorrect, actual
results could differ materially from the results implied by these
forward-looking statements. There may be additional risks that
Origin Materials presently does not know, or that Origin Materials
currently believes are immaterial, that could also cause actual
results to differ from those contained in the forward-looking
statements. In addition, forward-looking statements reflect Origin
Materials’ expectations, plans, or forecasts of future events and
views as of the date of this press release. Origin Materials
anticipates that subsequent events and developments will cause its
assessments to change. However, while Origin Materials may elect to
update these forward-looking statements at some point in the
future, Origin Materials specifically disclaim any obligation to do
so. These forward-looking statements should not be relied upon as
representing Origin Materials’ assessments of any date subsequent
to the date of this press release. Accordingly, undue reliance
should not be placed upon the forward-looking statements.
Participants in the Solicitation
Artius, Origin Materials and their respective directors,
executive officers and employees and other persons may be deemed to
be participants in the solicitation of proxies from Artius’
shareholders in connection with the proposed business combination.
Information about Artius’ directors and executive officers and
their ownership of Artius’ securities is set forth in the
Registration Statement described above. Additional information
regarding the interests of those persons and other persons who may
be deemed participants in the proposed transaction may be obtained
by reading other documents Artius has filed, or will file, with the
SEC regarding the proposed business combination, including the
definitive proxy statement when it becomes available.
Non-Solicitation
This communication is not a proxy statement or solicitation of a
proxy, consent or authorization with respect to any securities or
in respect of the potential transaction and shall not constitute an
offer to sell or a solicitation of an offer to buy the securities
of Artius, the combined company or Origin Materials, nor shall
there be any sale of any such securities in any state or
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of such state or jurisdiction. No offer of
securities shall be made except by means of a prospectus meeting
the requirements of the Securities Act of 1933, as amended.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210524005400/en/
Origin Materials Investors: ir@originmaterials.com
Media: media@originmaterials.com
For Artius Acquisition Jason Ozone jason@artiuscapital.com
+1-212-309-7668
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