Xsolla SPAC 1 Completes $200M IPO to Hunt for Future Business Deals

Xsolla SPAC 1, a newly formed special purpose acquisition company, has completed its initial public offering. The firm raised funds by selling 20,000,000 units at $10.00 each. Goldman Sachs played a key role in the final stages of the offering as an underwriter.

The company, incorporated in the Cayman Islands, was created to pursue a business combination. Its leadership includes Aleksandr Agapitov, Dmitry Burkovskiy, Rytis Joseph Jan, Carla Bedrosian, and other executives. However, no specific target has been chosen yet, and no formal talks with potential partners have taken place.

The SEC declared the registration statement on Form S-1 effective on January 28, 2026. Each unit sold consists of one Class A ordinary share and half of one redeemable warrant. These warrants can be exercised at $11.50 per share either after 12 months or once the company completes its first business combination.

D. Boral Capital LLC served as the sole book-running manager for the offering. The underwriter also holds an option to buy up to 3,000,000 additional units within 45 days of the closing. Copies of the final prospectus are available from D. Boral Capital LLC or through the SEC's website.

The company's press release notes that forward-looking statements come with risks and uncertainties. These are detailed in the registration statement filed with the SEC.

The offering marks a significant step for Xsolla SPAC 1 as it seeks future business opportunities. Investors and interested parties can review the prospectus for further details on the terms and risks involved. The company remains in the early stages of identifying a potential business combination target.