Intel stock extends gains after report of possible U.S. government stake
Origin Investment Corp I (NASDAQ:ORIQU), a blank check company incorporated in the Cayman Islands, completed its initial public offering on July 3, 2025, according to a statement released in a recent SEC filing.
The company offered 6,000,000 units at $10.00 per unit, raising gross proceeds of $60,000,000. Each unit consists of one ordinary share with a par value of $0.0001 and one-half of one redeemable warrant. Each whole warrant entitles the holder to purchase one ordinary share at an exercise price of $11.50 per share.
Simultaneously with the IPO closing, Origin Investment Corp I conducted a private placement of 355,000 units to its sponsor, Origin Equity LLC, generating an additional $3,550,000 in gross proceeds.
A total of $60,600,000 in net proceeds from the IPO and the private placement has been placed in a U.S.-based trust account maintained by Continental Stock Transfer & Trust Company.
The company’s ordinary shares (NASDAQ:ORIQ) and redeemable warrants (NASDAQ:ORIQW) are listed on the Nasdaq Stock Market. An audited balance sheet as of July 3, 2025, reflecting the proceeds from the transactions, has been included as an exhibit to the SEC filing.
This information is based on a press release statement contained in the company’s Form 8-K filed with the Securities and Exchange Commission.
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