Shearman And Sterling

News February 12, 2021

Artius Acquisition Inc.’s Business Combination with Origin Materials

Shearman & Sterling advised Artius Acquisition Partners LLC, the sponsor of special purpose acquisition company (SPAC) Artius Acquisition Inc., in Artius Acquisition Inc.’s business combination with Origin Materials for an enterprise value of approximately $1.8 billion.

Founded in 2008, Origin is the world’s leading carbon negative materials company. It aims to enable the world’s transition to sustainable materials and “net zero” carbon emissions with its patented breakthrough platform technology for producing recyclable and sustainable materials. 

The transaction is expected to fully fund Origin until it is EBITDA positive, and will allow the company to scale and commence commercial production to meet signed customer offtake and capacity reservations of ~$1 billion across a diverse range of industries. 

Following the expected close of the transaction in the second quarter of 2021, the combined company will remain listed on Nasdaq under the new ticker symbol “ORGN.”

The Team