Xsolla SPAC 1 (Ticker: XSLLU US) is a Cayman Islands-incorporated blank check company affiliated with Xsolla, a global video game commerce firm. The company plans to list on NASDAQ on January 29, 2026, offering 25 million units at $10.00 per unit to raise $250 million USD. At listing, the company has a reported market capitalization of approximately $338.96 million.

Targeting the video game, FinTech, AdTech, and telecom sectors, Xsolla SPAC 1 intends to identify a business combination target with an enterprise value between $500 million and $1 billion. The company is led by Chairman Aleksandr Agapitov, founder of Xsolla, and CEO Dmitry Burkovskiy. According to filings, each IPO unit consists of one Class A ordinary share and one-half of one redeemable warrant, with whole warrants exercisable at $11.50. D. Boral Capital (formerly EF Hutton) is acting as the sole book-running manager.