Origin Investment I, a blank check company targeting middle market and emerging growth businesses in Asia, filed on Friday with the SEC to raise up to $60 million in an initial public offering.
The Singapore-based company plans to raise $60 million by offering 6 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50. At the proposed deal size, Origin Investment I would command a market value of $78 million.
Origin Investment I is led by CEO and Director Edward Chang, who currently serves as the Portfolio Manager of Origin Equity Partners, a sub-fund of Singapore-based Carrington RHT Investments. The SPAC plans to target middle market and emerging growth companies in Asia (excl. China) with operations in financial services, technology, biotech & pharmaceutical, advanced materials, and clean energy.
Origin Investment I was founded in 2024 and plans to list on the Nasdaq but has not selected a symbol yet (RC ticker: ORGCU.RC). The company filed confidentially on November 15, 2024. ThinkEquity is the sole bookrunner on the deal.
