Xsolla SPAC 1

Xsolla SPAC 1 is a special purpose acquisition company (SPAC) incorporated in the Cayman Islands and headquartered in Sherman Oaks, California. As a blank check company, it currently has no active business operations and generates no operating revenue. Its primary business model is to raise capital through an initial public offering and use the proceeds to identify, acquire, and merge with a private operating company, effectively taking the target public. The company completed its IPO in January 2026, raising $200 million, which is held in a trust account generating interest income until a business combination is consummated. Led by executives from the gaming and fintech company Xsolla, the SPAC intends to leverage its management team's industry expertise to identify attractive acquisition targets. The company is specifically focusing on high-growth, technology-driven sectors, with a primary emphasis on the global video game industry, financial technology (fintech), advertising technology (ad tech), and digital commerce. Xsolla SPAC 1 is targeting businesses with an aggregate enterprise value generally between $500 million and $1 billion. Until a definitive merger agreement is reached and the de-SPAC transaction is completed, the company will remain a dormant shell vehicle.