Xsolla SPAC 1 closes $200M IPO; units trade on Nasdaq under XSLLU

Xsolla SPAC 1

Priced 20M units at $10 each for gross proceeds of $200M; each unit consists of one Class A share and half a warrant.
Underwriter D. Boral Capital granted a 45-day option to purchase up to 3M additional units to cover over-allotments.
Concurrent private placement of 400K private units to sponsor raised $4M; units identical except registration rights and transfer restrictions.
$200M from IPO and private placement deposited into trust for benefit of public shareholders.
Appointed Xuan Li, Maxwell Grover, Wenfeng Yang, Perry Michael Fischer, and Eugenie Levin to the board effective January 28, 2026.

item 1.01 item 3.02 item 5.02 item 5.03 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

Xsolla SPAC 1 issued 400,000 units of unit to Sponsor for $10.00 per Private Unit, generating total proceeds of $4,000,000.

Security: unit
Shares: 400,000 units
Purchaser: Sponsor
Consideration: $10.00 per Private Unit, generating total proceeds of $4,000,000

Exact text from the filing

Simultaneously with the closing of the IPO, the Company consummated a private placement (the “Private Placement”) of an aggregate of 400,000 units (the “Private Units”) to the Sponsor, at a price of $10.00 per Private Unit, generating total proceeds of $4,000,000.

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Xsolla SPAC 1: Adopted Amended and Restated Memorandum and Articles of Association in connection with IPO (effective 2026-01-28).

Change: charter amendment
Effective: 2026-01-28

Exact text from the filing

On January 28, 2026, and in connection with the IPO, the Company adopted its Amended and Restated Memorandum and Articles of Association.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.85

Xsolla SPAC 1 entered into Underwriting Agreement with D. Boral Capital LLC valued at Underwriting Agreement dated January 28, 2026; gross proceeds of $200,000,000 from IPO of 20,000,000 (effective 2026-01-28).

Action: entry
Agreement: underwriting
Counterparty: D. Boral Capital LLC
Value: Underwriting Agreement dated January 28, 2026; gross proceeds of $200,000,000 from IPO of 20,000,000
Effective: 2026-01-28

Exact text from the filing

Underwriting Agreement, dated January 28, 2026, by and between the Company and D. Boral Capital LLC, as representative of the underwriters, a copy of which is attached as Exhibit 1.1 hereto and incorporated herein by reference

View on SEC.gov

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Xsolla SPAC 1 filing history →

Source: SEC EDGAR

accession 0001213900-26-010421

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