Origin Investment I (ORIQ)
Market Price (2/2/2026): $10.16 | Market Cap: $88.2 MilSector: Financials | Industry: Multi-Sector Holdings
Origin Investment I (ORIQ)
Market Price (2/2/2026): $10.16Market Cap: $88.2 MilSector: FinancialsIndustry: Multi-Sector Holdings
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Low stock price volatilityVol 12M is 2.0% | Trading close to highsDist 52W High is 0.0%, Dist 3Y High is 0.0% | Very low revenueRev LTMTotal Revenue or Sales, Last Twelve Months is 0 |
| Megatrend and thematic driversMegatrends include Smart Buildings & Proptech, Sustainable & Green Buildings, and E-commerce Logistics & Data Centers. Themes include Real Estate Data Analytics, Show more. | Weak multi-year price returns2Y Excs Rtn is -40%, 3Y Excs Rtn is -71% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -0.4 Mil |
| Expensive valuation multiplesP/EPrice/Earnings or Price/(Net Income) is 342x | ||
| Key risksORIQ key risks include [1] the failure to complete a business combination within its allotted timeframe, Show more. |
| Low stock price volatilityVol 12M is 2.0% |
| Megatrend and thematic driversMegatrends include Smart Buildings & Proptech, Sustainable & Green Buildings, and E-commerce Logistics & Data Centers. Themes include Real Estate Data Analytics, Show more. |
| Trading close to highsDist 52W High is 0.0%, Dist 3Y High is 0.0% |
| Weak multi-year price returns2Y Excs Rtn is -40%, 3Y Excs Rtn is -71% |
| Very low revenueRev LTMTotal Revenue or Sales, Last Twelve Months is 0 |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -0.4 Mil |
| Expensive valuation multiplesP/EPrice/Earnings or Price/(Net Income) is 342x |
| Key risksORIQ key risks include [1] the failure to complete a business combination within its allotted timeframe, Show more. |
Stock Movement Drivers
Fundamental Drivers
The 0.7% change in ORIQ stock from 10/31/2025 to 2/1/2026 was primarily driven by a 0.0% change in the company's P/E Multiple.| (LTM values as of) | 10312025 | 2012026 | Change |
|---|---|---|---|
| Stock Price ($) | 10.13 | 10.20 | 0.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | � | 0 | 0.0% |
| Net Income Margin (%) | � | ∞% | 0.0% |
| P/E Multiple | � | 346.7 | 0.0% |
| Shares Outstanding (Mil) | 8 | 9 | -6.6% |
| Cumulative Contribution | 0.0% |
Market Drivers
10/31/2025 to 2/1/2026| Return | Correlation | |
|---|---|---|
| ORIQ | 0.7% | |
| Market (SPY) | 1.5% | -3.9% |
| Sector (XLF) | 2.0% | -7.0% |
Fundamental Drivers
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Market Drivers
7/31/2025 to 2/1/2026| Return | Correlation | |
|---|---|---|
| ORIQ | ||
| Market (SPY) | 9.8% | -4.8% |
| Sector (XLF) | 2.4% | -5.9% |
Fundamental Drivers
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Market Drivers
1/31/2025 to 2/1/2026| Return | Correlation | |
|---|---|---|
| ORIQ | ||
| Market (SPY) | 16.0% | -4.8% |
| Sector (XLF) | 4.9% | -5.9% |
Fundamental Drivers
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Market Drivers
1/31/2023 to 2/1/2026| Return | Correlation | |
|---|---|---|
| ORIQ | ||
| Market (SPY) | 76.6% | -4.8% |
| Sector (XLF) | 52.9% | -5.9% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| ORIQ Return | - | - | - | - | 1% | 1% | 2% |
| Peers Return | 0% | 0% | 0% | 0% | 3% | 1% | 4% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 2% | 86% |
Monthly Win Rates [3] | |||||||
| ORIQ Win Rate | - | - | - | - | 75% | 100% | |
| Peers Win Rate | 0% | 0% | 0% | 0% | 43% | 100% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 100% | |
Max Drawdowns [4] | |||||||
| ORIQ Max Drawdown | - | - | - | - | 0% | -0% | |
| Peers Max Drawdown | 0% | 0% | 0% | 0% | -0% | -0% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -1% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: AIIA, ALIS, APAC, APXT, BCSS.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 1/30/2026 (YTD)
How Low Can It Go
ORIQ has limited trading history. Below is the Financials sector ETF (XLF) in its place.
| Event | XLF | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -26.9% | -25.4% |
| % Gain to Breakeven | 36.7% | 34.1% |
| Time to Breakeven | 525 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -43.3% | -33.9% |
| % Gain to Breakeven | 76.5% | 51.3% |
| Time to Breakeven | 295 days | 148 days |
| 2018 Correction | ||
| % Loss | -26.1% | -19.8% |
| % Gain to Breakeven | 35.2% | 24.7% |
| Time to Breakeven | 338 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -83.7% | -56.8% |
| % Gain to Breakeven | 515.2% | 131.3% |
| Time to Breakeven | 4,470 days | 1,480 days |
Compare to AIIA, ALIS, APAC, APXT, BCSS
In The Past
SPDR Select Sector Fund's stock fell -26.9% during the 2022 Inflation Shock from a high on 1/12/2022. A -26.9% loss requires a 36.7% gain to breakeven.
Preserve Wealth
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Asset Allocation
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About Origin Investment I (ORIQ)
AI Analysis | Feedback
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AI Analysis | Feedback
- Public Listing Platform: Serves as a blank check company designed to raise capital through an IPO and facilitate the public listing of a private operating company via a business combination.
- Mergers & Acquisitions (M&A) Execution: Focuses on identifying, evaluating, and executing a merger or acquisition with one or more suitable target businesses to create shareholder value.
AI Analysis | Feedback
Origin Investment I (symbol: ORIQ) is a Special Purpose Acquisition Company (SPAC). A SPAC is formed for the sole purpose of raising capital through an initial public offering (IPO) to acquire or merge with an existing private company. As such, SPACs do not have commercial operations and do not generate revenue from the sale of goods or services to customers.
Therefore, Origin Investment I (ORIQ) does not have major customers in the traditional sense, as it does not sell products or services to other companies or individuals.
AI Analysis | Feedback
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Yung-Hsi ("Edward") Chang, Chief Executive Officer and Interim Chief Financial Officer
Mr. Yung-Hsi ("Edward") Chang serves as the Chief Executive Officer and Interim Chief Financial Officer of Origin Investment I. He assumed the role of Chief Executive Officer on January 7, 2025, and has been a Director since September 25, 2024. Mr. Chang also took on the responsibilities of Interim Chief Financial Officer following the resignation of Nicolas Kuan Liang Lin on September 29, 2025. Prior to his leadership at Origin Investment I, Mr. Chang has been the Portfolio Manager of Origin Equity Partners, a sub-fund of Singapore-based Carrington RHT Investments, since September 2022.AI Analysis | Feedback
The primary risks for Origin Investment I (ORIQ), a Special Purpose Acquisition Company (SPAC), stem from its fundamental business model as a "blank check company" aiming to acquire or merge with an unspecified private entity.
- Failure to complete a business combination within the allotted timeframe: As a SPAC, Origin Investment I has a limited period to identify and finalize a merger or acquisition. Should it fail to consummate a business combination within this specified timeframe, the company would be forced to liquidate, potentially leading to losses for investors who would receive their funds back, typically without the value of their warrants and after certain fees. The company's future performance is subject to uncertainty and dependency on external conditions.
- Challenges in identifying and successfully acquiring a suitable target business: Origin Investment I was formed without a specific acquisition target identified at the time of its initial public offering. While it intends to focus on businesses primarily in Asia (excluding China) across sectors such as financial services, technology, biotech & pharmaceutical, advanced materials, and clean energy, the absence of a defined target introduces considerable uncertainty about the nature and viability of its future operations. This challenge is compounded by potential competition for attractive targets and the self-imposed restriction against engaging with businesses in China, which could limit growth opportunities in a significant market.
AI Analysis | Feedback
Increased competition among numerous Special Purpose Acquisition Companies (SPACs) for a shrinking pool of suitable private targets, coupled with a broader decline in investor appetite for new SPAC deals and de-SPAC transactions. This environment makes it increasingly challenging for ORIQ to identify and successfully complete a business combination before its liquidation deadline, thereby threatening its core purpose and viability.
AI Analysis | Feedback
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The future revenue growth of Origin Investment I (ORIQ) is entirely contingent upon its success as a Special Purpose Acquisition Company (SPAC). Having completed its initial public offering in July 2025, ORIQ currently lacks significant operations or traditional revenue streams. Its anticipated drivers of future revenue growth over the next 2-3 years are therefore tied to the successful execution of its acquisition strategy:
- Successful Business Combination: The primary driver of future revenue growth will be the successful identification and completion of a merger, acquisition, or similar business combination with an operating company. As a SPAC, ORIQ's sole purpose is to acquire an existing business, which would then become the source of its future revenue.
- Target Company's Inherent Growth Potential: ORIQ intends to seek a target company that demonstrates "strong management and both revenue and earnings growth potential." Therefore, the intrinsic growth trajectory of the acquired business, whether through its existing product/service offerings, market position, or operational efficiencies, will directly drive ORIQ's post-acquisition revenue.
- Strategic Focus on High-Growth Sectors in Asia (excluding China): ORIQ has articulated a strategic focus on acquiring businesses within high-growth sectors such as financial services, technology, biotechnology and pharmaceutical, advanced materials, and clean energy. Furthermore, its geographical preference is for middle-market and emerging growth companies in Asia, specifically excluding China. Revenue growth will be driven by the inherent expansion and innovation within these chosen sectors and regions by the acquired entity.
- Synergies and Expansion Post-Acquisition: Once a business combination is complete, future revenue growth could also be driven by any synergies realized between ORIQ's resources (capital, management expertise) and the acquired company's operations, leading to expanded market reach, new product development, or increased operational scale.
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Share Issuance
- Origin Investment I completed its Initial Public Offering (IPO) on July 3, 2025, offering 6,000,000 units at $10.00 per unit, which raised gross proceeds of $60,000,000.
- The underwriters fully exercised an over-allotment option on July 18, 2025, purchasing an additional 900,000 units at $10.00 per unit, generating gross proceeds of $9,000,000.
- The company's ordinary shares and warrants began trading separately on The Nasdaq Global Market under the symbols "ORIQ" and "ORIQW" respectively, commencing September 9, 2025.
Inbound Investments
- Simultaneously with the IPO closing, Origin Investment I conducted a private placement of 355,000 units to its sponsor, Origin Equity LLC, raising an additional $3,550,000.
- An additional private placement of 18,000 private units was made to Origin Equity LLC at $10.00 per unit during the closing of the over-allotment option, generating $180,000 in gross proceeds.
- A total of $60,600,000 in net proceeds from the IPO and the initial private placement was placed into a U.S.-based trust account.
Outbound Investments
- Origin Investment I, a Special Purpose Acquisition Company (SPAC), was formed with the purpose of effecting a merger, amalgamation, share exchange, or similar business combination with one or more businesses.
- The company intends to focus its search for a target business primarily in Asia, specifically excluding entities with operations in China.
- The target sectors for potential acquisitions include financial services, technology, biotechnology and pharmaceutical, advanced materials, and clean energy.
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 10.00 |
| Mkt Cap | 0.1 |
| Rev LTM | 0 |
| Op Inc LTM | -0 |
| FCF LTM | -0 |
| FCF 3Y Avg | - |
| CFO LTM | -0 |
| CFO 3Y Avg | - |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | - |
| Rev Chg 3Y Avg | - |
| Rev Chg Q | - |
| QoQ Delta Rev Chg LTM | - |
| Op Mgn LTM | - |
| Op Mgn 3Y Avg | - |
| QoQ Delta Op Mgn LTM | - |
| CFO/Rev LTM | - |
| CFO/Rev 3Y Avg | - |
| FCF/Rev LTM | - |
| FCF/Rev 3Y Avg | - |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 0.1 |
| P/S | - |
| P/EBIT | -596.6 |
| P/E | -127.6 |
| P/CFO | -445.8 |
| Total Yield | 0.1% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | - |
| D/E | 0.0 |
| Net D/E | -0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 0.7% |
| 3M Rtn | 0.7% |
| 6M Rtn | 0.8% |
| 12M Rtn | 0.8% |
| 3Y Rtn | 0.8% |
| 1M Excs Rtn | 0.2% |
| 3M Excs Rtn | 0.1% |
| 6M Excs Rtn | -8.7% |
| 12M Excs Rtn | -14.1% |
| 3Y Excs Rtn | -72.0% |
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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