Xsolla SPAC 1, a blank check company led by executives from fintech Xsolla, filed on Thursday with the SEC to raise up to $250 million in an initial public offering.
The company plans to raise $250 million by offering 25 million units at $10.00. Each unit consists of one share of common stock and one-third of one warrant, exercisable at $11.50.
The SPAC is led by Chairman Aleksandr Agapitov, the founder and CEO of global video game commerce company Xsolla, and CEO and Director Dmitry Burkovskiy, the CIO of Xsolla. The SPAC plans to target businesses with an aggregate enterprise value between $500 million and $1 billion, focusing on video games, fintech, adtech, and telecommunications.
The Sherman Oaks, CA-based company was founded in 2025. It plans to list on the Nasdaq but has not yet selected a ticker (RC ticker: XSOLU.RC). D. Boral Capital is the sole bookrunner on the deal.
