Origin Investment Corp I Announces Pricing of Initial Public Offering (IPO)

Strategic Insights -

Origin Investment Corp I, a blank check company, has priced its initial public offering (IPO) of 6,000,000 units at an offering price of $10.00 per unit. The units, consisting of one Class A ordinary share and one-half of one redeemable warrant, are expected to begin trading on the Nasdaq Global Market under the ticker symbol "ORIQU" on July 2, 2025. Each whole warrant entitles the holder to purchase one Class A ordinary share at a price of $11.50 per share, subject to adjustment.

The offering is expected to close on July 3, 2025, subject to satisfaction of customary closing conditions. ThinkEquity is acting as sole book-running manager for the offering. 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 is a blank check company 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. 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.

Key Takeaways:

  • The IPO consists of 6,000,000 units at an offering price of $10.00 per unit.
  • Each unit consists of one Class A ordinary share and one-half of one redeemable warrant.
  • The warrants are 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 warrants can be exercised to purchase one Class A ordinary share at a price of $11.50 per share.
  • The offering is expected to close on July 3, 2025, subject to satisfaction of customary closing conditions.
  • ThinkEquity is acting as sole book-running manager for the offering.
  • 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.

Statistics:

  • 6,000,000 units will be issued in the IPO at an offering price of $10.00 per unit.
  • The warrants can be exercised to purchase 6,000,000 Class A ordinary shares at a price of $11.50 per share.
  • The warrants will become exercisable 30 days after the completion of the Company's initial business combination.
  • The warrants will expire five years after the completion of the Company's initial business combination, or earlier upon redemption or the Company's liquidation.

Sources:

  • GlobeNewswire (MIL-OSI) Singapore, July 01, 2025 (GLOBE NEWSWIRE)
  • Registration statement on Form S-1 (File No. 333-284189) relating to the shares filed with the Securities and Exchange Commission.