The SPAC has 24 months (or less per its charter) to identify and close a business combination. Monitor for target announcements and any shareholder redemptions. The warrant and right structure provides additional upside potential but also dilution risk for post-combination shareholders.
Price Chart
Executive Summary
SPACCircle Acquisition Corp. closed its IPO of 10 million units at $10.00 per unit, raising $100 million in gross proceeds. The SPAC will seek a business combination target in any industry, with $100.5 million placed in trust. The units began trading on Nasdaq under the symbol SCQCU.
Key Financial Metrics
Key Facts
- 10,000,000 units sold at $10.00 per unit in the IPO
- Gross proceeds of $100 million from the IPO
- $100.5 million placed in trust ($10.05 per unit)
- Each unit consists of one Class A ordinary share, one redeemable warrant (exercise price $11.50), and one right to receive half a share upon a business combination
- Units trade on Nasdaq under SCQCU; shares, warrants, and rights will trade separately under SCQC, SCQCW, SCQCR
- Underwriters have a 45-day option to purchase up to 1,500,000 additional units for over-allotments
- D. Boral Capital acted as sole book-running manager
- Registration statement declared effective by the SEC on October 26, 2026
Financial Impact
Gross proceeds of $100 million from the IPO; $100.5 million placed in trust
Risk Factors
- No identified acquisition target yet; risk of failing to complete a business combination within the required timeframe
- Potential dilution from warrants and rights upon business combination
- Underwriters' over-allotment option could increase total units to 11.5 million
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3390714 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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 |
US Market Status
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