SPACCircle closes $100M IPO, $2.67M sponsor placement; 750,000 Class B shares forfeited

SPACCircle Acquisition Corp.

Closed IPO of 10,000,000 units at $10.00/unit, raising $100M gross; each unit holds one Class A share, one $11.50 warrant and one right to half a share.
Sponsor SPACCircle Sponsor LLC bought 266,590 private placement units at $10.00, adding $2,665,900; $100,500,000 ($10.05/unit) placed in Equiniti Trust.
Underwriters said Nov. 2, 2026 they would not exercise the over-allotment; 750,000 Class B shares were forfeited and cancelled to keep initial holders at about 33%.
Audited balance sheet shows $621,457 cash, $4.0M deferred underwriting fee payable, and $3,413,603 shareholders' deficit.
Going-concern doubt cited; company must complete a business combination by Oct. 28, 2027 or cease operations and liquidate.

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