Xsolla SPAC 1 reported first-quarter 2026 results reflecting formation and public-listing activity rather than operating revenues, posting net income of $1.1M and diluted earnings per share of $0.05 for the quarter.
Financial Highlights
- Net income was $1.10M for Q1 2026.
- Diluted EPS was $0.05 for Q1 2026 (basic and diluted EPS reported).
Business Highlights
- Completed IPO and private placement and placed $204.2M in trust to fund a potential business combination.
- No operating revenues through March 31, 2026; activities were limited to formation, IPO preparation and target identification.
- Trust funds (and interest) are earmarked for a Business Combination and post‑merger working capital; $1.74M of cash remained outside the trust to support diligence and other expenses.
- Incurring public-company costs and due-diligence expenses; sponsor provides administrative and support services for $10k per month.
Original SEC Filing:
This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.