Origin Investment Corp I Reports Q1 2026 Financial Results with Net Income of $390,562

Origin Investment Corp I reported its financial results for the first quarter of 2026, revealing a net income of $390,562, a significant turnaround from a net loss of $4,593 in the same period last year. The increase in profitability was primarily driven by interest income of $631,264 earned on investments held in the Trust Account, which was offset by general and administrative expenses totaling $240,702. The company has not yet engaged in any operational activities beyond its formation and initial public offering (IPO) processes.

As of March 31, 2026, Origin Investment Corp I's total assets amounted to $72.6 million, slightly up from $72.3 million at the end of 2025. The Trust Account held $71.7 million, primarily invested in U.S. government treasury obligations. The company’s cash reserves decreased to $834,106 from $1.15 million at the end of the previous fiscal year. Current liabilities also saw a reduction, dropping to $108,771 from $174,872, indicating improved management of operational costs.

The company has not made any acquisitions or launched new products, as it remains focused on identifying potential target companies for a business combination. The IPO, completed on July 3, 2025, raised $60 million, with an additional $9 million from an over-allotment option exercised by underwriters. The company has 6,900,000 ordinary shares subject to possible redemption, valued at $71.7 million, reflecting the redemption value adjustments made during the reporting period.

Operationally, the company has maintained a steady headcount of 2,132,500 ordinary shares issued and outstanding, excluding those subject to redemption. The management team continues to evaluate potential business combinations, with plans to utilize the funds in the Trust Account for this purpose. The company has indicated that it may need to secure additional financing to cover transaction costs or to address any potential redemptions of public shares upon the completion of a business combination.

Looking ahead, Origin Investment Corp I remains optimistic about its ability to complete a business combination within the required timeframe. However, management acknowledges the potential risks posed by economic uncertainties, including fluctuations in financial markets and geopolitical factors, which could impact the company's operations and strategic objectives. The company is committed to maintaining its listing on Nasdaq and is prepared to take necessary actions to extend its combination period if required.