The Star Control Origins universe (now known as "the Star Control franchise") will continue in a disconnected bubble from the Ur-Quan Masters/Ghosts of the Precursors universe (now known as "the Ur-Quan Masters franchise").
Stardock's Origins title will continue to be sold, and Stardock can produce DLCs and sequels as it likes, so long as those future expansions don't nudge into "old" Star Control territory with respect to aliens and locations and plots (there are a few caveats around the Arilou, but that's the basics of the agreement).
Reiche, in turn, volunteered to spend some time writing some creative ideas for the Origins universe, to give it even more of that classic Star Control vibe.
This is the key point to me - Star Control Origins is its own thing while the original two games and the prospective Ur-Quan Masters sequel are their own thing. Wardell has the trademarks but does not creatively control the copyrighted content of the original games or any Ur-Quan sequels. As a fan of the original games, this is the only thing I ever cared about. I'm glad fans of the Origins game can enjoy that, and all I want is for R and F to get going on their new game at some point.