Origin Investment Corp I (NASDAQ: ORIQ) is a blank check company formed to identify and complete a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more target businesses. The company generates no operating revenue. It holds capital raised through its IPO, completed July 1, 2025, in a Trust Account invested in U.S. Treasury Bills pending an initial business combination. The IPO and concurrent private placement by sponsor Origin Equity LLC raised gross proceeds that resulted in $69,690,000 ($10.10 per unit) placed in trust at closing, with the Trust Account holding $70,825,901 in U.S. Treasury Bills as of December 31, 2025. The company was incorporated on September 25, 2024, and is led by CEO Yung-Hsi (Edward) Chang. The management team states its intent to focus on businesses where it can apply operational and financial experience, with no sector restriction disclosed in the filing.

Revenue model

No operating revenue. Interest earned on U.S. Treasury Bills held in the Trust Account is the sole income source prior to a business combination. For the year ended December 31, 2025, interest earned on Trust Account marketable securities was $1,361,271.

Products and services

Blank check SPAC structure. Public units sold at $10.00 per unit in IPO closed July 1, 2025. Private Placement Units sold to sponsor Origin Equity LLC at $10.00 per unit, totaling 373,000 Private Placement Units generating $3,730,000 in gross proceeds. Trust Account invested in U.S. Treasury Bills with maturities of 185 days or less.

Customers and end markets

No operating customers. Capital providers are public IPO investors and sponsor Origin Equity LLC. Target end market for the eventual business combination is not specified in the filing.

Value-chain role

Pre-combination acquisition vehicle. Holds Trust Account funds and sources acquisition targets. Sponsor is Origin Equity LLC. Trust Account administered by Continental Stock Transfer and Trust Company as trustee under an Investment Management Trust Account Agreement dated July 1, 2025.

Geographic exposure

Incorporated and operating in the United States. No geographic focus for target business combination disclosed in the filing.

Source: SEC 10-K, filed 2026-03-30

Industry: Blank Checks