Xsolla SPAC 1, a blank check company led by executives from video game fintech Xsolla, raised $200 million by offering 20 million units at $10. Each unit consists of one share of common stock and one-half of one warrant exercisable at $11.50 per share. The company had originally filed in October 2025 with plans to raise $250 million.
The SPAC is led by Chairman Aleksandr "Shurick" Agapitov, the founder and CEO of global video game commerce company Xsolla, known for its Pay Station payment gateway. He is joined by CEO and Director Dmitry Burkovskiy, the CIO of Xsolla, and CFO and Director Rytis Joseph Jan, Xsolla's SVP Global Strategic Initiatives & Government Relations.
The SPAC plans to target businesses with an aggregate enterprise value between $500 million and $1 billion, focusing on the video game industry, including distribution, payments, digital goods, and infrastructure, as well as fintech, adtech, and telecommunications.
Xsolla SPAC 1 plans to list on the Nasdaq under the symbol XSLLU. D. Boral Capital acted as sole bookrunner on the deal.
