Origin Investment Corp I Announces Pricing of $60,000,000 Initial Public Offering

Rhea-AI Summary

Origin Investment Corp I (NASDAQ:ORIQU) has announced the pricing of its $60 million initial public offering, consisting of 6,000,000 units priced at $10.00 per unit. Each unit includes one Class A ordinary share and one-half of one redeemable warrant.

The units will begin trading on the Nasdaq Global Market on July 2, 2025, under the symbol "ORIQU". Each whole warrant allows holders to purchase one Class A ordinary share at $11.50 per share. The warrants become exercisable 30 days after completing the initial business combination. The Company has granted underwriters a 45-day option to purchase up to 900,000 additional units to cover over-allotments.

ThinkEquity is serving as the sole book-running manager for this blank check company's IPO, which is expected to close on July 3, 2025.

Positive

• IPO successfully priced at $10.00 per unit, raising $60 million
• Additional 900,000 unit over-allotment option provided to underwriters
• Units include warrant component offering potential upside at $11.50 per share

Negative

• Blank check company with no current business operations
• Warrants not exercisable until 30 days after business combination
• No guarantee of successful business combination within required timeframe

Insights

IPO Specialist

Origin Investment Corp I launches $60M SPAC IPO on Nasdaq, offering units with shares and warrants at $10 each.

Origin Investment Corp I has announced the pricing of its $60 million initial public offering, structured as a blank check company or SPAC (Special Purpose Acquisition Company). The offering consists of 6 million units priced at $10.00 each, with trading expected to commence on Nasdaq under symbol "ORIQU" on July 2, 2025.

Each unit includes one Class A ordinary share and one-half of a redeemable warrant, with each whole warrant allowing the purchase of one additional Class A ordinary share at $11.50. The warrants become exercisable 30 days after the company completes its initial business combination and will expire five years later.

The SPAC structure is noteworthy for investors as it represents a "blank check" entity designed specifically to raise capital for acquiring or merging with an existing private business, effectively taking that business public without the traditional IPO process. The company has provided underwriters ThinkEquity with a 45-day option to purchase up to 900,000 additional units to cover potential over-allotments.

Looking at the mechanics of the offering, once the units begin separate trading, the Class A ordinary shares will trade as "ORIQ" while the warrants will trade as "ORIQW". The warrant structure, requiring whole warrants to be exercisable, creates a standard mechanism for post-acquisition price appreciation potential while the underlying shares provide direct equity exposure to whatever business is ultimately acquired.

Singapore, July 01, 2025 (GLOBE NEWSWIRE) -- Origin Investment Corp I (the “Company”), a blank check company, today announced the pricing 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 Class A ordinary share and one-half of one redeemable warrant. The units are expected to begin 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 Class A 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. The offering is expected to close on July 3, 2025, subject to satisfaction of customary closing conditions. Once the securities comprising the units begin separate trading, the Class A 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.

ThinkEquity is acting as sole book-running manager for the offering.

A registration statement on Form S-1 (File No. 333-284189) relating to the shares was filed with the Securities and Exchange Commission (“SEC”) and became effective on July 1, 2025. This offering is being made only by means of a prospectus. Copies of the final prospectus, when available, may be obtained from ThinkEquity, 17 State Street, 41st Floor, New York, New York 10004. The final prospectus will be filed with the SEC and will be 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 and search for an initial business combination. No assurance can be given that the IPO will be completed on the terms described above, or at all, or 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 preliminary 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
eychang@originequity.partners

FAQ

What is the IPO price for Origin Investment Corp I (ORIQU) units?

Origin Investment Corp I units are priced at $10.00 per unit, with each unit consisting of one Class A ordinary share and one-half of one redeemable warrant.

When will Origin Investment Corp I (ORIQU) start trading on Nasdaq?

Origin Investment Corp I units will begin trading on the Nasdaq Global Market on July 2, 2025 under the symbol 'ORIQU'.

What are the terms of Origin Investment Corp I (ORIQU) warrants?

Each whole warrant allows purchase of one Class A ordinary share at $11.50 per share. Warrants become exercisable 30 days after business combination completion and expire after 5 years.

How much capital is Origin Investment Corp I (ORIQU) raising in its IPO?

Origin Investment Corp I is raising $60 million through the sale of 6,000,000 units, with an additional over-allotment option for 900,000 units.

Who is the underwriter for Origin Investment Corp I's (ORIQU) IPO?

ThinkEquity is acting as the sole book-running manager for the IPO.