Origin Materials Stock Slides On 1-For-30 Reverse Stock Split

Origin Materials Inc (NASDAQ: ORGN) announced a 1-for-30 reverse stock split, which was approved by shareholders and the board earlier this year. As a result, every 30 shares of common stock will convert into one share, effective Thursday. Following this announcement, ORGN shares fell by 5.84%, trading between 10 cents and 11 cents in after-hours trading.