New york: Origin Investment Corp I (the ‘Company’), a newly organized special purpose acquisition company, announced the closing of its initial public offering (‘IPO’) of 6,000,000 units at an offering price of $10.00 per unit. Each unit consists 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 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, with the warrants becoming exercisable 30 days after the completion of the Company’s initial business combination. They will expire five years after the 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 trade on Nasdaq under the symbols ‘ORIQ’ and ‘ORIQW’, respec
tively. No fractional warrants will be issued upon separation of the units, and only whole warrants will trade. Additionally, 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.
According to BERNAMA News Agency, the Company intends to use the net proceeds from the offering, along with the simultaneous private placement of units, to pursue and consummate a business combination with one or more businesses.