Xsolla SPAC 1 operates as a special purpose acquisition company (SPAC), specifically created to achieve a business combination. Its core mission is ...
Xsolla SPAC 1, incorporated as a Cayman Islands exempted company on September 16, 2025, is a blank check company created for the purpose of executing a merger, share exchange, asset acquisition, or similar business combination with one or more target businesses. The company completed its initial public offering (IPO) on ...Xsolla SPAC 1, incorporated as a Cayman Islands exempted company on September 16, 2025, is a blank check company created for the purpose of executing a merger, share exchange, asset acquisition, or similar business combination with one or more target businesses. The company completed its initial public offering (IPO) on January 30, 2026, raising $200 million by selling 20 million units at $10 per unit. Each unit consists of one Class A ordinary share and one-half of a redeemable warrant. The company's management team is led by Chairman Aleksandr Agapitov, the founder of Xsolla, a global video game commerce company, and CEO Dmitry Burkovskiy. The CFO is Rytis Joseph Jan. As a SPAC, the company currently has no operations and no revenue, with a market capitalization of approximately $274.86 million as of the latest data. The company has 0 full-time employees and relies on a 24-month window following the IPO to identify and complete an initial business combination. The funds from the IPO are held in a trust account, and the company has a working capital of about $1.58 million. The stock trades on the NASDAQ Global Market under the symbol XSLL, with units trading under XSLLU. The company's financial ratios indicate typical SPAC characteristics, including low or zero revenue, negative EBITDA, and a positive current ratio of 7.92, reflecting the trust-held cash. The company aims to leverage the experience of its management team and their network in the gaming and technology sectors to identify attractive acquisition targets. The company's address is 15260 Ventura Boulevard, Sherman Oaks, CA. As a newly formed entity, it has not yet declared dividends and has a price-to-earnings ratio of 281.30 due to minimal net income. The company is focused on delivering shareholder value through a successful business combination, with its leadership's expertise likely guiding strategic decisions.
