X3 Acquisition Corp. closes $200M IPO and $5M private placement

X3 Acquisition Corp. Ltd.

IPO of 20M units at $10/unit raised $200M gross; each unit includes one Class A share and half a warrant.
Private placement of 5M warrants at $1/warrant to sponsor X3 Acquisition Management LLC raised $5M.
Net proceeds of $200M deposited in trust account for public shareholder benefit; includes $5M deferred underwriting.
Balance sheet shows $1.4M cash outside trust, $5.4M total liabilities, and $3.9M accumulated deficit.
Company has 24 months from IPO to complete an initial business combination or will liquidate.

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