# Origin Investment Corp I

> Clarifo company profile — qualitative business description generated from
> the company's filings. Financial statements, charts and ratios are
> available on Clarifo (https://www.clarifo.com/en/companies/Origin Investment Corp I).

## Overview

Origin Investment Corp I is a U.S.-based blank check company formed to pursue a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination. As a special purpose acquisition company, it holds IPO proceeds in trust while searching for a target operating business to combine with.

## Products & services

• Blank check acquisition vehicle
• IPO trust account capital
• Business combination execution
• Public-company listing access

- **SPAC structure** (100%) — A publicly listed acquisition vehicle that raises capital to complete a future business combination.

- Blank check acquisition vehicle
- IPO trust account capital
- Business combination execution
- Public-company listing access

## Customers

The company does not sell products or services to end customers in the ordinary course. Its counterparties are prospective merger targets, their owners, and capital markets investors who provide the funds held in trust. The business model is centered on identifying and negotiating a transaction with an operating company.

- **Public market investors** (primary) — Buy units and shares for exposure to a future acquisition transaction and trust value.
- **Target company owners** (primary) — Provide the operating business that may merge into the listed shell.
- **Private placement investors** (secondary) — Buy private placement units alongside the IPO to support the transaction structure.

- Public investors buying units and shares in the SPAC
- Target company owners seeking a public-market listing
- Private investors in private placement units
- Advisers and counterparties involved in a de-SPAC transaction

## Geography

Origin Investment Corp I is organized in the United States and operates as a U.S. listed acquisition vehicle. Its economic footprint is not tied to a single operating geography yet, because the company is still searching for a target business to combine with. Any future geographic exposure will depend on the location of the acquired business.

- United States domicile and listing base
- No operating revenue geography disclosed yet
- Future exposure depends on the acquisition target
- Trust account and transaction activity are U.S.-based

## Strategy

The company’s strategy is to identify and complete an initial business combination within the SPAC framework. Success depends on sourcing an attractive target, negotiating terms, and securing shareholder approval and financing for the transaction. The structure is designed to provide a public-market path for a private operating business.

- **Identify a suitable target business** (short-term) — The company’s value creation depends on finding an operating business to combine with.
- **Execute a de-SPAC transaction** (short-term) — A completed combination converts the shell into an operating public company.

- Source and evaluate acquisition targets
- Complete an initial business combination
- Preserve trust capital for a qualifying transaction
- Use public listing status as transaction currency

## Risks

The main risk is that the company may not complete a business combination within the required timeframe, which could force liquidation. SPAC structures also face execution risk, including target selection, valuation, financing, and shareholder redemption pressure. After a combination, the acquired business may face the normal operating risks of its industry and geography.

- **Failure to complete an initial business combination** [critical] — The company exists to consummate a merger or similar transaction; without one, the SPAC may liquidate.
- **Redemption and financing risk** [high] — Investors may redeem shares and reduce cash available for the transaction, increasing reliance on outside financing.
- **Target selection and valuation risk** [high] — A poor acquisition can impair post-combination performance and shareholder value.

- No target found before deadline could trigger liquidation
- Deal execution risk in valuation, diligence, and approvals
- Shareholder redemptions can reduce transaction capital
- Future operating risks depend on the acquired business

## Accounting

The key accounting issue is the treatment of IPO proceeds held in the trust account and the classification of related instruments. SPACs also require careful accounting for warrants, redeemable shares, and transaction costs, all of which can materially affect equity and earnings presentation. If a business combination occurs, purchase accounting and fair value estimates become central.

- **Trust account accounting** — Affects balance sheet presentation and available deal capital
- **Warrant and unit accounting** — Can create earnings volatility and equity remeasurement
- **Redeemable shares** — Influences reported capital structure and book value

- Trust account classification and interest income
- Redeemable shares and equity vs liability presentation
- Warrant valuation and derivative accounting
- Transaction costs and purchase accounting after merger

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*Last updated: 2026-04-29T04:44:27.928378+00:00*