United Acquisition Corp. I received a Schedule 13D from its sponsor, United Acquisition SPAC LLC, and managing member Paul Packer, disclosing beneficial ownership of 3,908,790 ordinary shares, representing 27.3% of the 14,292,913 Class A and Class B ordinary shares outstanding as of February 12, 2026.
The stake consists of 175,457 Class A ordinary shares and 3,733,333 Class B founder shares that are automatically convertible into Class A shares on a one-for-one basis in connection with the initial business combination, with 439,233 founder shares subject to forfeiture if the IPO over-allotment is not fully exercised.
The sponsor acquired its position for an aggregate purchase price of $1,779,570 from working capital, including founder shares bought for $25,000 and 175,457 Class A shares embedded in private placement units purchased at $10.00 per unit. The reporting persons state the securities were acquired for investment purposes and may buy more, hold, or sell depending on various factors.
Through an insider letter, the sponsor and Mr. Packer agreed to vote their founder and private placement shares in favor of any proposed business combination, not redeem these shares in connection with such votes, and accept lock-up and liquidation restrictions typical of a SPAC structure.
United Acquisition Corp. I reported that its underwriters partially exercised their over-allotment option on February 12, 2026, leading to the sale of 182,300 additional units at $10.00 per unit, for gross proceeds of $1,823,000.
Each unit consists of one Class A ordinary share and one-quarter of one redeemable warrant. The company also completed a related private placement of 2,280 private placement units for $22,800 and 6,060 private placement warrants for $4,545. After these transactions, a total of $101,823,000 from the initial public offering and private placements was held in the trust account, and 10,182,300 Class A shares were subject to possible redemption at $10.00 per share.
United Acquisition SPAC LLC reported open-market purchase transactions in a Form 4 filing for UAC. The filing lists transactions totaling 457 shares at a weighted average price of $10.00 per share. Following the reported transactions, holdings were 175,457 shares.
United Acquisition Corp. I reported that its underwriters partially exercised their over-allotment option, leading to the issuance of an additional 182,300 units at $10.00 each. This brings total units sold in its initial public offering to 10,182,300.
The company also completed a related private placement, selling 2,280 additional Private Placement Units at $10.00 each and 6,060 additional Private Placement Warrants at $0.75 each, for $27,345 in gross proceeds. Together with prior IPO and private placement proceeds, $101,823,000 was deposited into a trust account for the benefit of public shareholders.
Separately, the company announced that starting February 18, 2026, holders of its units may choose to trade the Class A ordinary shares and whole warrants separately on NYSE American under the symbols UAC and UACW, while units will continue to trade under UACU.
Harraden Circle investment entities and Frederick V. Fortmiller, Jr. have disclosed a significant passive stake in United Acquisition Corp. I. They report beneficial ownership of 1,000,000 shares of Class A common stock, representing 9.73% of the class, as of the event date.
The shares are directly held across four limited partnerships—Harraden Circle Investors, Harraden Circle Special Opportunities, Harraden Circle Strategic Investments, and Harraden Circle Concentrated—and may be indirectly beneficially owned by Harraden Circle Investments, LLC, related general partners, and Mr. Fortmiller. All 1,000,000 shares are reported with shared voting and dispositive power and no sole voting or dispositive power. The group certifies the holdings are not for the purpose of changing or influencing control of the issuer.
United Acquisition Corp. I, a newly formed SPAC, completed its initial public offering of 10,000,000 units at $10.00 per unit, raising gross proceeds of $100,000,000. Each unit includes one Class A share and one-quarter of a redeemable warrant exercisable at $11.50 per share.
The company also sold 275,000 private placement units for $2,750,000 and 2,333,333 private placement warrants for $1,750,000, bringing total gross private placement proceeds to $4,500,000. An aggregate $100,000,000 was deposited into a trust account for public shareholders, while $2,468,650 of cash remained outside the trust as of January 30, 2026.
The audited balance sheet shows total assets of $102,492,850 and Class A ordinary shares subject to possible redemption of $100,000,000. The SPAC has 24 months from the IPO closing to complete a business combination, focusing on targets in the energy and power industries, or it will redeem public shares and liquidate.
MMCAP International Inc. SPC and Asset Management Inc. report beneficial ownership of 1,050,000 Class A ordinary shares of United Acquisition Corp. I, equal to 7.7% of the class.
The position is held through 1,050,000 units, each convertible into one Class A share, plus warrants exercisable for an additional 262,500 Class A shares. The warrants cannot be exercised for 12 months or until United Acquisition Corp. I completes a business combination. The reporting persons share voting and dispositive power over the 1,050,000 shares and certify that the securities are not held to change or influence control of the issuer.