Xsolla SPAC 1 closes IPO of 20M units at $10/unit; trust now holds $204.2M

Xsolla SPAC 1

IPO of 20,000,000 units at $10/unit generated $200M gross proceeds; total trust account $204,193,850 after over-allotment and additional private placement.
Underwriter partially exercised over-allotment for 419,385 units on Feb 2, 2026, adding $4,193,850 gross; additional 3,146 private units sold to sponsor for $31,460.
Audited balance sheet as of Jan 30, 2026 shows $1.87M cash, $200M in trust, $200M of Class A shares subject to redemption, and $1.56M shareholders' equity.
Sponsor, officers, and directors waived redemption rights on founder shares; 24-month deadline to complete a business combination.

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