Origin Materials shares surge 91.88% after-hours as amended financing agreement allows up to $83.3M in additional capital.

Origin Materials (ORGN) surged 91.88% in after-hours trading following the announcement of an amendment to its Securities Purchase Agreement and Note for senior secured convertible notes. The revised terms allow the company to secure up to $83.3 million in additional financing through tranches of up to $25 million, subject to conditions. The amendment also expands Origin’s ability to guarantee subsidiary obligations tied to permitted indebtedness and sale-leaseback transactions, enhancing liquidity and financial flexibility. The institutional purchaser’s commitment to purchase additional notes aligns with the company’s strategy to strengthen capital access amid operational challenges, including recent quarterly losses. The news, disclosed via SEC filings and press releases, directly supports the stock’s sharp after-hours rally, reflecting investor optimism over improved funding prospects.