Origin Investment Corp I, a blank check company incorporated in the Cayman Islands, reported its financial performance for the fiscal year ending December 31, 2025, in its recent 10-K filing. The company generated net income of $683,099, primarily from interest earned on marketable securities held in its Trust Account, which amounted to $1,361,271. This income was offset by general and administrative expenses totaling $678,173. In contrast, for the period from its inception on September 25, 2024, through December 31, 2024, the company recorded a net loss of $8,218, indicating a significant improvement in financial performance year-over-year.
The company successfully completed its initial public offering (IPO) on July 3, 2025, raising gross proceeds of $60 million from the sale of 6 million units at $10.00 each. Following the full exercise of the underwriters' over-allotment option, an additional $9 million was raised. Additionally, a private placement of 355,000 units generated $3.55 million, bringing the total gross proceeds to $72.55 million. The net proceeds from these offerings were placed in a Trust Account, totaling $69.69 million, which will be utilized for future business combinations.
Origin Investment Corp I is strategically focused on identifying target businesses, particularly in Asia, with an emphasis on sectors such as financial services, technology, biotechnology, advanced materials, and clean energy. The company aims to leverage its management team's extensive experience and established deal-sourcing network to identify high-quality acquisition opportunities. The management team, led by CEO Yung-Hsi Chang, is confident that the current economic climate in Asia, despite challenges in the IPO market, presents favorable conditions for deSPAC transactions, which may attract potential targets seeking access to U.S. capital markets.
As of December 31, 2025, the company had cash of $1,151,773 available for operational expenses and to identify potential acquisition targets. The company currently has one officer and does not plan to hire additional full-time employees until after completing its initial business combination. The management team has outlined criteria for evaluating prospective target businesses, focusing on strong management teams, revenue growth potential, and the ability to generate free cash flow. The company does not anticipate paying dividends until after the completion of its business combination.
Looking ahead, Origin Investment Corp I acknowledges the risks associated with its business model, including economic uncertainties and market volatility that could impact its ability to complete a business combination. The company plans to continue its search for suitable acquisition targets while managing its operational costs. The management team remains optimistic about the potential for future growth and value creation through strategic acquisitions, although there can be no assurance that these plans will be realized.
About Origin Investment Corp I
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