X3 Acquisition Corp. Ltd.
X3 Acquisition Corp. Ltd. (XCBE) is a blank check company formed for the purpose of completing a merger, capital stock exchange, asset acquisition, or similar business combination with one or more target businesses. The company raised $225,000,000 in gross proceeds through an IPO of 22,500,000 units at $10.00 per unit, including the partial exercise of an over-allotment option, with the IPO closing on January 22, 2026 and the over-allotment closing on January 26, 2026. An additional $5,375,000 was raised through the private placement of 5,375,000 private warrants to the sponsor at $1.00 per warrant. The total of $225,000,000 was placed into a trust account following the IPO. The company has 24 months from the IPO closing to consummate an initial business combination or it must redeem 100% of public shares and dissolve. As of December 31, 2025, the company held no cash and carried a working capital deficit of $280,425. The company is incorporated in the Cayman Islands and headquartered at 3033 Excelsior Blvd, Suite 343, Minneapolis, MN 55416. The sponsor is controlled by Andrew J. Redleaf.
Products & Services
The company's sole activity is identifying and completing an initial business combination. It issued Class A and Class B ordinary shares and public and private warrants, with each whole warrant exercisable to purchase one Class A ordinary share at $11.50 per share.
Revenue Model
X3 Acquisition Corp. has no operating revenue. The company is pre-combination and holds IPO proceeds in a trust account. Interest earned on trust assets is its only income source prior to an initial business combination.
Customers & Markets
The company has no customers or commercial end markets. Its counterparties are IPO investors holding Class A ordinary shares and the sponsor holding Class B ordinary shares and private warrants.
Geographic Exposure
Incorporated in the Cayman Islands. Principal offices in Minneapolis, MN. No disclosed geographic focus for a target acquisition as of the 10-K filed 2026-03-25.
Source: SEC 10-K, filed 2026-03-25
Financial Snapshot
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