other material
confidence high
sentiment neutral
materiality 0.55
United Acquisition Corp. I closes $100M IPO; $100M placed in trust
United Acquisition Corp. I
- Gross proceeds of $100M from 10M units at $10/unit; total trust account funded with $100M.
- Private placement: $2.75M from 275K units to sponsor/underwriters; $1.75M from 2.33M warrants at $0.75 to sponsor.
- Cash on hand $2.47M; working capital $2.29M; accumulated deficit -$1.21M as of Jan 30, 2026.
- Company has 24 months to complete a business combination, focusing on energy/power industries.