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Origin Materials Announces Organizational Realignment, Cuts Operating Expenses Approximately 25% From $40M To $29M, Targets Adjusted EBITDA Run-Rate Breakeven In 2027

Benzinga·02/12/2026 12:28:55
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  • — PET pressurized water caps slated for delivery to multiple marquee global beverage brands in Q1 2026 to continue their acceptance testing —
  • — The Company is enhancing its cash resources through non-dilutive measures —
  • — Reaffirms Adjusted EBITDA run-rate breakeven in 2027, revises revenue guidance —