Investornewsbreaks Xsolla SPAC 1 (NASDAQ: XSLL) Partially Exercises Over-Allotment Option In IPO

(MENAFN- Investor Brand Network) Xsolla SPAC 1 (NASDAQ: XSLL) announced that the underwriters of its initial public offering partially exercised their over-allotment option to purchase an additional 419,385 units at $10.00 per unit, generating approximately $4.2 million in additional gross proceeds and increasing total units sold to 20,419,385 for aggregate gross proceeds of $204,193,850, with each unit consisting of one Class A ordinary share and one-half of one redeemable warrant, while D. Boral Capital LLC acted as sole book-running manager for the offering.

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About Xsolla SPAC 1

Xsolla SPAC 1 is a newly incorporated blank check company incorporated as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company has not selected any specific business combination target and has not, nor has anyone on its behalf, engaged in any substantive discussions, directly or indirectly, with any business combination target with respect to an initial business combination with the Company. The Company's management team is led by Aleksandr Agapitov, its Chairman of the Board of Directors (the“Board”), Dmitry Burkovskiy, its Chief Executive Officer and Director, Rytis Joseph Jan, its Chief Financial Officer and Director and Carla Bedrosian, Esq., its Chief Legal Officer and Director. In addition, the Board includes Xuan Li, Maxwell Gover, Wenfeng Yang, Perry Michael Fischer and Eugenie Levin.

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