SPACCircle Acquisition Corp. closes $100 million IPO, placing $100.5 million in trust

SPACCircle Acquisition Corp.

SPACCircle Acquisition Corp. closed its $100 million IPO of 10,000,000 units at $10.00 per unit on Oct. 28, 2026, with D. Boral Capital as sole book-running manager.
Sold 266,590 private placement units to SPACCircle Sponsor LLC at $10.00 each for $2,665,900, issued under the Section 4(a)(2) exemption.
$100,500,000 ($10.05 per public unit) went into a trust held by Equiniti Trust Company, releasable only on a business combination, redemption, or charter amendment.
Appointed Jeffrey W. Cordell, Stephen Markscheid, Diana Glassman and Daniel Torpey to the board; Torpey chairs Audit, Glassman chairs Compensation.
Underwriters hold a 45-day option for up to 1,500,000 additional units; the trust includes up to $4,000,000 of deferred underwriting commissions.

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