Monitor for any definitive agreement regarding a business combination target within the 12-month window. The sponsor's founder shares and lock-up provisions create alignment but also potential dilution upon conversion. The company's ability to identify and close a qualifying target within the timeframe is the key catalyst.
Price Chart
Executive Summary
SPACCircle Acquisition Corp. filed an 8-K reporting the closing of its initial public offering of 10,000,000 units at $10.00 per unit, each consisting of one Class A ordinary share, one warrant (exercisable at $11.50), and one right to receive one-half of one Class A share upon a business combination. The company also sold 266,590 private placement units to its sponsor for $2,665,900, and amended its charter documents. Net proceeds of $100,500,000 were deposited into a trust account; the company has 12 months to complete a business combination or it will liquidate. This is a standard SPAC IPO closing, no target has been identified.
Key Financial Metrics
Key Facts
- IPO of 10,000,000 units at $10.00 per unit, each unit = 1 Class A ordinary share + 1 warrant ($11.50 strike) + 1 right (1/2 share upon business combination)
- Underwriters have a 45-day over-allotment option for up to 1,500,000 additional units
- Sponsor purchased 266,590 private placement units at $10.00 each ($2,665,900 total)
- $100,500,000 deposited into trust account ($10.05 per unit)
- Company has 12 months from IPO closing to complete a business combination or it will liquidate and redeem public shares
- Founder shares (5,750,000 Class B shares issued for $25,000) subject to forfeiture if over-allotment not fully exercised
- Amended and restated memorandum and articles of association adopted by special resolution on October 26, 2026
- Company has not identified any business combination target
Financial Impact
Gross IPO proceeds of $100,000,000 from firm units, plus up to $15,000,000 from over-allotment; $100,500,000 deposited in trust account; working capital of approximately $790,000 released to company outside trust
Risk Factors
- No business combination target identified; failure to complete a deal within 12 months would trigger liquidation and return of trust proceeds to public shareholders
- Potential dilution from warrant exercise and rights conversion upon business combination
- Founder shares subject to forfeiture if over-allotment option not fully exercised, which could affect insider incentives
Documents Analyzed
This report is based on 2 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001185185-26-005042 |
| Document: spacex1-1.htm | 0001185185-26-005042 |
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Oct 29, 2026 today | SC 13G | No price | awaiting T+20 | awaiting T+20 | No price |
Oct 28, 2026 1d ago | 8-K | No price | awaiting T+20 | awaiting T+20 | No price |
Oct 28, 2026 1d ago | Press Release | No price | awaiting T+20 | awaiting T+20 | No price |
Oct 27, 2026 2d ago | 424B4 | No price | awaiting T+20 | awaiting T+20 | No price |
Oct 27, 2026 2d ago | EFFECT | No price | awaiting T+20 | awaiting T+20 | No price |
Oct 26, 2026 2d ago | 3 | No price | awaiting T+20 | awaiting T+20 | No price |
Oct 26, 2026 2d ago | 3 | No price | awaiting T+20 | awaiting T+20 | No price |
Oct 26, 2026 2d ago | 3 | No price | awaiting T+20 | awaiting T+20 | No price |
Oct 26, 2026 2d ago | 3 | No price | awaiting T+20 | awaiting T+20 | No price |
Oct 26, 2026 2d ago | 3 | No price | awaiting T+20 | awaiting T+20 | No price |
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