Xsolla SPAC 1 reported no operating revenue for the period ended September 30, 2025, and recorded a net loss of $46,662, equal to $(0.01) per Class B ordinary share. The loss reflects formation, general and administrative costs incurred from inception on September 16, 2025, through September 30, 2025. The company holds funds in a Trust Account pending a future business combination that will enable revenue generation.
Financial Highlights
- Revenue: $0 — The company had no operating revenues for the period ended September 30, 2025.
- Gross Profit: $0 — No revenues or cost of goods sold reported; activities limited to formation costs.
- Operating Income: $(46,662) — Loss from operations equals formation, general, and administrative costs.
- Net Income: $(46,662) — Net loss for the period from September 16, 2025 (inception) through September 30, 2025.
- Net Loss per Class B ordinary shares: $(0.01) — Basic and diluted net loss per Class B ordinary share (weighted average shares 6,666,667).
Business Highlights
- Business Focus: Pursuing a business combination to acquire operating assets and commence revenue-generating activities following a successful transaction.
- Operational Activity: Completed formation and IPO preparations; initial organizational and formation costs incurred with no operating revenues to date.
- Capital Deployment: Proceeds are held in a Trust Account to be used post-combination to finance target operations and growth strategies.
- Ongoing Operations: Expect continued due diligence, target evaluation, travel, and transaction structuring as primary operational activities ahead of a business combination.
Original SEC Filing:
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