Xsolla SPAC 1 trust account reaches $204.2 million after over-allotment closing
Xsolla SPAC 1, a blank check company, said the underwriters' partial over-allotment option closed on February 2, 2026, adding 419,385 units at $10.00 each for $4,193,850 in gross proceeds. Net proceeds from those units and 3,146 additional private units sold to the sponsor for $31,460 were placed in the trust account, bringing its total to $204,193,850. The filing states the company has not selected a business combination target, so the trust funds remain held pending a future deal.
Key points
- Over-allotment: 419,385 units at $10.00 per unit, closed February 2, 2026, for $4,193,850 in gross proceeds
- Additional private units: 3,146 units sold to the sponsor for $31,460 on February 2, 2026
- Trust account: total of $204,193,850 after the February 2, 2026 deposit, up from $200,000,000 from the January 30, 2026 IPO of 20,000,000 units
The filing
Written by AI on Nov 9, 2026, 11:48 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 05, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.