---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-26-012803"
form_type: "8-K"
ticker: "XSLL"
cik: "0002088807"
company_name: "Xsolla SPAC 1"
filed_at: "2026-02-05T23:59:59+00:00"
generated_at: "2026-05-16T04:36:38.790671+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-26-012803
- form_type: 8-K
- ticker: XSLL
- cik: 0002088807
- company_name: Xsolla SPAC 1
- filed_at: 2026-02-05T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2088807/000121390026012803/0001213900-26-012803-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2088807/000121390026012803/ea0274985-8k_xsolla1.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-012803
- JSON: https://secwatch.observer/filing/0001213900-26-012803.json
- Plain text: https://secwatch.observer/filing/0001213900-26-012803.txt

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