Origin Investment Corp I (ORIQW) Warrant
Each ORIQW warrant gives the holder the right to buy 1 share of Origin Investment Corp I at $11.50 per share, for five years after the company completes its merger. The stock last closed at $10.41, below the strike, so the warrant is out of the money. Origin Investment Corp I has a market value of about $89.79M. Origin Investment Corp I is a SPAC (no deal announced yet). It must complete a deal by July 3, 2027 or the warrants expire worthless. There are 3.45M listed warrants; exercising all of them would add 40.0% to the 8.62M shares outstanding.
ORIQ vs strike, last 12 months
No share-price history for ORIQ yet.
Key terms
- Strike per share
- $11.50
- Shares per warrant
- 1
- Cash to exercise one warrant
- $11.50
- Expiry
- merger + 5 years
- Redemption trigger
- $18.00
- Cashless exercise
- no
- Break-even stock price
- $11.67
From the issuer's S-1/A (2025-06-27).
Company and stock
- Company
- Origin Investment Corp I
- Underlying stock
- ORIQ
- Share price
- $10.41
- Market cap
- $89.79M
- Shares outstanding
- 8.62M
- Value of all listed warrants
- $599.96K (0.7% of market cap)
Market cap is the last share price times shares outstanding (as of 2026-08-14). All SEC filings for this company.
Model value vs price Pro
- Model value
- Last price
- $0.1739
- Price / model
Get Pro to see whether ORIQW is cheap or rich against our model.
Dilution
- Shares outstanding
- 8.62M
- Listed warrants
- 3.45M
- Dilution if all exercised
- 40.0%
Warrant count from filing iXBRL: PublicWarrantsMember.
SPAC deal
- Status
- no deal announced yet
- Target
- —
- Deal announced
- —
- Deadline
- 2027-07-03
- Latest possible deadline
- —
- Trust per share
- $10.48
- Sponsor
- Origin Equity LLC
- Sponsor's earlier SPACs
- 0 (0 closed a deal)
- Chance of a deal
A SPAC warrant is worth nothing if no deal closes by the deadline.
Filings and events
Questions about ORIQW
When does the ORIQW warrant expire?
Five years after the SPAC completes its merger; if no merger closes by the deadline, the warrants expire worthless.
What is the strike price of ORIQW?
$11.50 per share; each warrant converts into 1 share, so exercising one warrant costs $11.50.
How many ORIQW warrants are outstanding?
3.45M listed warrants, equal to 40.0% dilution if all are exercised.