Business Context and Reporting Period
This Form 8-K filing by Origin Investment Corp I, a Cayman Islands exempted company and emerging growth company, reports events occurring between July 3, 2025, and July 18, 2025. The Company, which trades on The Nasdaq Stock Market LLC under the symbols ORIQU (Units), ORIQ (Ordinary Shares), and ORIQW (Warrants), is reporting the consummation of its Initial Public Offering (IPO) and the subsequent exercise of the underwriters' over-allotment option.
Key Financial Metrics
- Initial IPO Proceeds: $60,000,000 gross proceeds from the sale of 6,000,000 Units at $10.00 per Unit (consummated July 3, 2025).
- Over-Allotment Proceeds: $9,000,000 gross proceeds from the sale of 900,000 additional Units at $10.00 per Unit (closed July 18, 2025).
- Private Placement Proceeds: $180,000 gross proceeds from the sale of 18,000 Private Units to Origin Equity LLC at $10.00 per Unit.
- Underwriter Private Units: 4,500 Private Units issued to underwriters.
- Total Gross Proceeds: $69,180,000 (combining IPO, over-allotment, and private placement).
- Warrant Exercise Price: $11.50 per share.
Material Changes
The primary material change reported is the full exercise of the over-allotment option by underwriters on July 16, 2025, which closed on July 18, 2025. This action increased the total number of Units sold by 15% (900,000 additional units) compared to the initial IPO. Concurrently, the Company executed a private placement of additional units to the sponsor and underwriters. The filing references an unaudited pro forma balance sheet as of July 18, 2025, reflecting these additional proceeds, though specific balance sheet line items are not detailed in the text.
Guidance, Outlook, and Risks
The filing does not provide specific forward-looking guidance, revenue projections, or management commentary regarding future business operations beyond the completion of the capital raise. The document notes the publication of a press release on July 18, 2025, regarding the closing of the over-allotment option. As a Special Purpose Acquisition Company (SPAC) structure implied by the unit composition and IPO mechanics, the primary risk and contingency relate to the successful identification and consummation of a business combination within the required timeframe, though no specific timeline or target is mentioned in this text.
Investor Verification Checklist
- Verify the total cash held in the trust account following the closing of the over-allotment and private placement.
- Review the Unaudited Pro Forma Balance Sheet (Exhibit 99.2) for specific debt obligations or transaction costs deducted from gross proceeds.
- Confirm the exact number of redeemable warrants outstanding and their expiration terms.
- Check the press release (Exhibit 99.1) for any additional details on the use of proceeds or immediate corporate actions.