XFLH CAPITAL CORPORATION ANNOUNCES CLOSING OF $100 MILLION INITIAL PUBLIC OFFERING

Rhea-AI Summary

XFLH Capital Corporation (NYSE:XFLHU) closed a $100.0 million initial public offering on February 13, 2026, selling 10,000,000 units at $10.00 each. Each unit comprises one ordinary share and one right to receive 1/7 of a share upon an initial business combination.

The units began trading February 12, 2026 under XFLHU; shares and rights are expected to trade separately as XFLH and XFLHR once separated. The underwriter has a 45-day option to purchase up to 1,500,000 additional units to cover over-allotments. Maxim Group acted as sole book-running manager.

Positive

• $100.0 million raised from the initial public offering
• NYSE listing and trading commenced under XFLHU on February 12, 2026
• Sole book-running manager: Maxim Group

Negative

• Underwriter over-allotment option of 1,500,000 units (15%) may dilute holders
• Units include rights to receive 1/7 share per unit upon business combination, implying future share issuance

New York, New York, Feb. 13, 2026 (GLOBE NEWSWIRE) -- XFLH Capital Corporation, a Cayman Islands exempt company (the “Company”) announced today the closing of its initial public offering of 10,000,000 units at $10.00 each.

The Company's units are listed on the New York Stock Exchange (“NYSE”) and began trading under the ticker symbol “XFLHU” beginning February 12, 2026. Each unit has an offering price of $10.00 and consists of one ordinary share and one right to receive one-seventh (1/7) of an ordinary share upon the consummation of an initial business combination. Once the securities comprising the units begin separate trading, the shares and rights are expected to be listed on NYSE under the symbols “XFLH”, and “XFLHR”, respectively.

The Company has granted the underwriter a 45-day option to purchase up 1,500,000 additional units at the initial public offering price less the underwriting discount to cover over-allotments, if any.

Maxim Group LLC, acted as the sole book-running manager for the offering. Becker & Poliakoff, P.A. acted as counsel to the Company and Robinson & Cole LLP acted as counsel to Maxim Group LLC.

About XFLH Capital Corporation

XFLH Capital Corporation is a blank check company formed under the laws of the Cayman Islands for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

A registration statement on form S-1 relating to these securities (SEC File Number 333-290588) was declared effective by the Securities and Exchange Commission on January 30, 2026. The offering is being made only by means of a prospectus, copies of which may be obtained by contacting Maxim Group LLC, at 300 Park Avenue, 16th Floor, New York, NY 10022, Attention: Syndicate Department, or by telephone at (212) 895-3745 or by email at syndicate@maximgrp.com. .Copies of the registration statement can be accessed through the SEC's website at www.sec.gov.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Forward Looking Statements

This press release includes forward-looking statements that involve risks and uncertainties. Forward looking statements are statements that are not historical facts. Such forward-looking statements, including the successful consummation of the Company's initial public offering, are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.

For further information, please contact:
Yanzhe Yang | Chief Executive Officer
Phone: (551) 358-2652
Email: yanzheyang@xflh.online

FAQ

How much did XFLH raise in its February 2026 IPO (XFLHU)?

XFLH raised $100.0 million by selling 10,000,000 units at $10.00 each. According to the company, each unit includes one ordinary share and one right to receive one-seventh of a share upon an initial business combination.

When did XFLH units begin trading on the NYSE and under what symbol?

XFLH units began trading on the NYSE on February 12, 2026 under the symbol XFLHU. According to the company, the units will later separate, with shares and rights expected to trade as XFLH and XFLHR respectively.

What is included in each XFLH unit sold in the IPO?

Each unit contains one ordinary share and one right to receive one-seventh of an ordinary share upon an initial business combination. According to the company, the right converts to the fractional share after the business combination consummation.

Does XFLH have an over-allotment option and how large is it?

Yes. The underwriter has a 45-day option to buy up to 1,500,000 additional units at the IPO price less underwriting discount. According to the company, this over-allotment covers potential over-allotments and could increase supply.

What ticker symbols will XFLH use after unit separation on the NYSE?

After the units separate, the company expects ordinary shares to trade as XFLH and the rights to trade as XFLHR. According to the company, the current unit symbol is XFLHU until separate trading begins.

Who served as book-running manager and legal counsel for XFLH's IPO?

Maxim Group acted as sole book-running manager for the offering. According to the company, Becker & Poliakoff served as counsel to the company and Robinson & Cole served as counsel to Maxim Group.