---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-26-010421"
form_type: "8-K"
ticker: "XSLL"
cik: "0002088807"
company_name: "Xsolla SPAC 1"
filed_at: "2026-02-02T23:59:59+00:00"
generated_at: "2026-05-16T05:47:06.154499+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-26-010421
- form_type: 8-K
- ticker: XSLL
- cik: 0002088807
- company_name: Xsolla SPAC 1
- filed_at: 2026-02-02T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 3.02, 5.02, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2088807/000121390026010421/0001213900-26-010421-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2088807/000121390026010421/ea0273659-8k_xsolla1.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-010421
- JSON: https://secwatch.observer/filing/0001213900-26-010421.json
- Plain text: https://secwatch.observer/filing/0001213900-26-010421.txt

## Source-grounded claims
- claim_id: 76f94b2cb1c56a40608a79a4d49e1eb4fb9be427
  claim: Xsolla SPAC 1: Adopted Amended and Restated Memorandum and Articles of Association in connection with IPO (effective 2026-01-28).
  evidence_excerpt: On January 28, 2026, and in connection with the IPO, the Company adopted its Amended and Restated Memorandum and Articles of Association.
  evidence_url: https://www.sec.gov/Archives/edgar/data/2088807/000121390026010421/0001213900-26-010421-index.htm
- claim_id: 5957be070db2c06633f3cc41751b06da69be3896
  claim: 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).
  evidence_excerpt: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/2088807/000121390026010421/0001213900-26-010421-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.