Origin Investment Corp I completed its IPO, raising funds to pursue business combinations, with units trading on Nasdaq.
Quiver AI Summary
Origin Investment Corp I, a new special purpose acquisition company (SPAC), has successfully closed its initial public offering (IPO) by selling 6,000,000 units at $10.00 each, which began trading on the Nasdaq Global Market under the symbol "ORIQU". Each unit includes one ordinary share and half of a redeemable warrant, with whole warrants exercisable at $11.50 per share following the completion of a business combination. The company plans to use the proceeds from this offering to seek a business combination, primarily focusing on firms in Asia, although it will not pursue entities with operations in China. ThinkEquity is handling the underwriting for the IPO, and an option for over-allotments is also available. The registration statement related to the offering was filed with the SEC and became effective on July 1, 2025.
Potential Positives
- Successful IPO closing of 6,000,000 units at $10.00 each, enabling capital raise for future business combinations.
- Trading commenced on Nasdaq, which enhances visibility and credibility in the financial market.
- Underwriters granted a 45-day option to purchase additional units, indicating market confidence and potential for additional capital.
- Intention to focus on business combinations in Asia, positioning the company strategically in a growing market segment.
Potential Negatives
- The press release does not provide specific information about the target business or sector, which may raise concerns about the clarity and confidence surrounding the company's future business strategy.
- The company's restriction on not engaging with businesses in China or those using a variable interest entity structure may limit its growth opportunities in a significant market.
- The forward-looking statements highlight uncertainty and dependency on external conditions, which could undermine investor confidence in the company's future performance.
FAQ
What is the IPO price of Origin Investment Corp I units?
The IPO price of Origin Investment Corp I units is $10.00 per unit.
When did trading for the units begin on Nasdaq?
Trading for the units began on July 2, 2025, on the Nasdaq Global Market.
What is the ticker symbol for Origin Investment Corp I?
The ticker symbol for Origin Investment Corp I is "ORIQU".
What businesses will Origin Investment Corp I target?
Origin Investment Corp I intends to focus on target businesses primarily in Asia, excluding businesses in China.
How long do the warrants remain exercisable?
The warrants will become exercisable 30 days after the initial business combination and expire five years thereafter.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
Full Release
Singapore, July 03, 2025 (GLOBE NEWSWIRE) -- Origin Investment Corp I (the “Company”), a newly organized special purpose acquisition company, today announced the closing of its initial public offering (“IPO”) of 6,000,000 units at an offering price of $10.00 per unit, with each unit consisting of one ordinary share and one-half of one redeemable warrant. The units began trading on the Nasdaq Global Market (“Nasdaq”) on July 2, 2025 under the ticker symbol “ORIQU”. Each whole warrant entitles the holder thereof to purchase one ordinary share at a price of $11.50 per share, subject to adjustment as described in the prospectus. Only whole warrants are exercisable. The warrants will become exercisable 30 days after the completion of the Company’s initial business combination, and will expire five years after the completion of the Company’s initial business combination or earlier upon redemption or the Company’s liquidation. Once the securities comprising the units begin separate trading, the ordinary shares and the warrants are expected to be traded on Nasdaq under the symbols “ORIQ” and “ORIQW”, respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. In addition, the Company has granted the underwriters a 45-day option to purchase up to 900,000 additional units at the IPO price to cover over-allotments, if any.
The Company intends to use the net proceeds from the offering, and the simultaneous private placement of units, to pursue and consummate a business combination with one or more businesses.
ThinkEquity acted as the sole book-running manager for the offering.
A registration statement on Form S-1 (File No. 333-284189) relating to the units was filed with the Securities and Exchange Commission (“SEC”) and became effective on July 1, 2025. This offering was made only by means of a prospectus. Copies of the final prospectus may be obtained from ThinkEquity, 17 State Street, 41st Floor, New York, New York 10004. The final prospectus has been filed with the SEC and is available on the SEC’s website located at http://www.sec.gov .
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Origin Investment Corp I
The Company is a blank check company, also commonly referred to as a special purpose acquisition company, or SPAC, formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities. While the Company will not limit its search for a target company to any particular business segment, the Company intends to focus its search for a target business in Asia. However, the Company will not consummate its initial business combination with an entity or business in China or with China operations consolidated through a variable interest entity structure.
Forward-Looking Statements
This press release contains statements that constitute “forward-looking statements,” including with respect to the IPO, the anticipated use of the net proceeds thereof and search for an initial business combination. No assurance can be given that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and prospectus for the IPO filed with the SEC. Copies are available on the SEC’s website, www.sec.gov . The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Contact:
Edward Chang, CEO
+65 7825-5768
[email protected]