Here are the 10-Q quarterly reports from Xsolla SPAC 1 (XSLL) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow XSLL and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full XSLL filings page.
Xsolla SPAC 1, a Cayman Islands blank check company, reported its first post-IPO quarter for the period ended June 30, 2026. Total assets were $209,003,797, including $207,159,708 of cash and investments held in a Trust Account and $1,750,553 of cash outside the Trust.
The SPAC completed its IPO and over-allotment in early 2026, placing $204,193,850 into the Trust, primarily from 20,419,385 Class A shares subject to possible redemption. These redeemable shares are carried at aggregate redemption value of $207,159,708. Remaining shareholders’ equity was $1,438,991, reflecting net income and accretion to redemption value.
For the three and six months ended June 30, 2026, net income was $1,655,116 and $2,757,990, driven mainly by $1,800,222 and $2,965,858 of interest on Trust investments, partly offset by $145,106 and $368,468 of formation, general and administrative costs. Basic and diluted earnings per share were $0.06 for both Class A and B in the quarter and $0.11 year-to-date.
Management reiterates it is still seeking a suitable business combination within a 24‑month period. Disclosure controls and procedures were deemed not effective due to a material weakness in internal control over financial reporting related to segregation of duties and insufficient written policies.
Xsolla SPAC 1 reported its first quarter as a public blank check company for the period ended March 31, 2026, driven by IPO proceeds held in trust rather than operating activity. The company has not yet begun revenue-generating operations and is focused on identifying a merger target.
Total assets were $207.2 million, including $205.4 million of cash and investments in a Trust Account and $1.7 million of cash outside the trust. Net income was $1.1 million, mainly from $1.2 million of interest on trust investments and a $0.2 million gain on the over-allotment liability, partially offset by $0.2 million of formation, general and administrative costs.
The SPAC completed its IPO and over-allotment, issuing 20,419,385 Class A shares subject to redemption at a total redemption value of $205.4 million and 403,146 private placement units to the sponsor. It has 24 months from its January 30, 2026 IPO closing to complete a business combination or redeem public shares and liquidate.