Xsolla SPAC 1
Xsolla SPAC 1 (NASDAQ: XSLL) is a blank-check company incorporated as a Cayman Islands exempted company that was formed to identify and complete a merger or acquisition with one or more operating businesses. The company completed its IPO on January 30, 2026, with D. Boral Capital LLC acting as underwriting representative, and holds proceeds in a trust account pending a business combination. It has no operating revenue. Xsolla SPAC 1 targets businesses with aggregate enterprise values in excess of $500 million, with a stated focus on four sectors: video games, financial technology, advertising technology, and telecommunications. The sponsor is controlled solely by Aleksandr Agapitov, who holds voting and investment discretion over the founder shares. The company maintains executive offices at 15260 Ventura Boulevard, Suite 2230, Sherman Oaks, California 91403. As of the period from inception (September 16, 2025) through December 31, 2025, the company had no revenue-generating operations.
Products & Services
Blank-check acquisition vehicle. Units, Class A ordinary shares, and warrants were issued in the IPO (January 30, 2026). The warrant agent is Odyssey Transfer and Trust Company.
Revenue Model
No operating revenue as of December 31, 2025. The company is a pre-combination SPAC; its trust account holds IPO proceeds until a business combination is consummated or shares are redeemed.
Customers & Markets
No customers as of December 31, 2025. Target acquisition sectors identified in the 10-K filing (filed 2026-03-31) are video games, financial technology, advertising technology, and telecommunications.
Geographic Exposure
Incorporated in the Cayman Islands. Executive offices located in Sherman Oaks, California. Tax exemption undertaking received from the Cayman Islands government for 20 years from the date of the undertaking.
Source: SEC 10-K, filed 2026-03-31
Financial Snapshot
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