secwatch.observer — SEC 8-K summary
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Issuer:     SPACCircle Acquisition Corp. (SCQC)
CIK:        0002131303
Form:       8-K
Filed at:   2026-11-03T22:00:20+00:00
Accession:  0001185185-26-005145
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 8.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2131303/000118518526005145/0001185185-26-005145-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2131303/000118518526005145/spac8k110226.htm
  HTML page:      https://secwatch.observer/filing/0001185185-26-005145

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