Origin Investment Corp I’s Lock-Up Period Will End on December 29th (NASDAQ:ORIQU)

Origin Investment Corp I’s (NASDAQ:ORIQU) lock-up period will expire on Monday, December 29th. Origin Investment Corp I had issued 6,000,000 shares in its IPO on July 2nd. The total size of the offering was $60,000,000 based on an initial share price of $10.00. After the end of Origin Investment Corp I’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

Origin Investment Corp I Trading Down 1.1%

Origin Investment Corp I stock opened at $10.38 on Wednesday. The company’s 50-day moving average price is $10.39. Origin Investment Corp I has a fifty-two week low of $9.98 and a fifty-two week high of $10.69.

Hedge Funds Weigh In On Origin Investment Corp I

Institutional investors have recently bought and sold shares of the business. Heights Capital Management Inc. acquired a new stake in Origin Investment Corp I during the 3rd quarter valued at approximately $2,528,000. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Origin Investment Corp I in the third quarter worth $506,000. Finally, Clear Street Group Inc. purchased a new position in shares of Origin Investment Corp I during the third quarter worth $37,000.

Origin Investment Corp I Company Profile

Origin Investment Corp I is a Delaware-based special purpose acquisition company (SPAC) formed to pursue a business combination with a target operating company. Listed on the NASDAQ under the ticker ORIQU, the company seeks to leverage the flexible structure of a blank check vehicle to identify and consummate a merger, capital purchase, or similar business transaction.

The company’s primary focus is on identifying opportunities within technology, media, telecommunications, and related sectors.