SPACCircle Acquisition Corp. Completes $100 Million Initial Public Offering
Key Highlights
- ➤SPACCircle raised $100 million through a 10,000,000-unit IPO priced at $10.00 each
- ➤$100.5 million from the IPO and private placement was placed in trust
- ➤Each unit includes one share, one warrant, and one-half share right
- ➤Units began Nasdaq trading October 27 under ticker SCQCU
- ➤Company can pursue a business combination in any industry
SACRAMENTO, Oct. 28, 2026 (GLOBE NEWSWIRE) -- SPACCircle Acquisition Corp. (the “Company”) announced the closing of its initial public offering of 10,000,000 units at $10.00 per unit. The units began trading on October 27, 2026 on the Nasdaq Global Market (“Nasdaq”) under the symbol “SCQCU”. Each unit consists of one Class A ordinary share of the Company, one redeemable warrant, entitling the holder thereof to purchase one Class A ordinary share of the Company at an exercise price of $11.50 per share, and one right to receive one half (1/2) of one Class A ordinary share upon the consummation of an initial business combination. Once the securities comprising the units begin separate trading, the Class A ordinary shares, warrants and rights will be listed on Nasdaq under the symbols “SCQC,” “SCQCW” and “SCQCR” respectively.
Of the proceeds received from the consummation of the initial public offering and a simultaneous private placement of units, $100,500,000 (or $10.05 per unit sold in the public offering) was placed in trust.
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