secwatch.observer — SEC 8-K summary
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Issuer:     Xsolla SPAC 1 (XSLL)
CIK:        0002088807
Form:       8-K
Filed at:   2026-02-05T23:59:59+00:00
Accession:  0001213900-26-012803
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2088807/000121390026012803/0001213900-26-012803-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2088807/000121390026012803/ea0274985-8k_xsolla1.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-012803

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