Origin Investment Corp I Reports $120,420 Net Loss for Six Months Ending June 30, 2025

Origin Investment Corp I has reported its financial results for the six months ending June 30, 2025, revealing a net loss of $120,420, which translates to a basic and diluted net loss per share of $(0.08). The company, which is a blank check entity incorporated in September 2024, has not yet commenced any operations and has generated no operating revenues. The total expenses for the period were $120,420, primarily consisting of general and administrative costs amounting to $115,827. This marks a significant increase in the accumulated deficit, which rose to $(128,638) from $(8,218) at the end of the previous fiscal period.

In terms of balance sheet performance, total assets increased to $415,114 as of June 30, 2025, compared to $269,945 at the end of December 2024. This growth is attributed to deferred offering costs, which rose from $269,945 to $415,114. However, total liabilities also saw a substantial increase, climbing to $518,752 from $253,163, driven by higher accrued offering costs and a promissory note related to a party, which increased from $169,877 to $355,948. The company's shareholders' equity shifted to a deficit of $(103,638) from a positive equity position of $16,782 in the previous period.

Strategically, Origin Investment Corp I 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. Additionally, the company raised $3.55 million through a private placement of 355,000 units to its sponsor, Origin Equity LLC. Following the IPO, the underwriter exercised its over-allotment option in full, adding another 900,000 units to the offering. The net proceeds from these transactions have been placed in a Trust Account, which will be invested in U.S. government treasury obligations or money market funds, pending the completion of a business combination.

As of June 30, 2025, the company has not identified any specific business combination targets and has not engaged in substantive discussions regarding potential acquisitions. The management has indicated that the company is not limited to any particular industry or geographic region for future business combinations. The outlook remains focused on identifying suitable targets for acquisition, with the understanding that the company will not generate operating revenues until a business combination is completed. The management team is actively assessing opportunities to mitigate risks associated with the company's status under the Investment Company Act as it moves forward.