K2 Capital Acquisition and Xsolla SPAC 1 IPO. Relativity Sets Extension Vote Date. Bluerock and Meshflow Announce Separate Trading Dates. GalaxyEdge Withdraws Registration.
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TODAY’S SPAC IPOs
SPAC IPO: K2 Capital Acquisition Corp (KTWO)
Ticker: KTWO (Units: KTWOU)
Size: $120 Million
Sponsor: K2 Capital Sponsor LLC (affiliated with Karan Thakur)
K2 Capital Acquisition Corp. priced an upsized $120 million IPO on January 28, 2026, and begins trading on the Nasdaq today. Originally filed at $100 million, the expansion signals robust investor appetite for the vehicle’s dual-track focus on cutting-edge industrial technology and energy transition. The SPAC is managed by a team with deep roots in private equity and infrastructure, aiming to capitalize on the rapid commercialization of “Physical AI” and the global shift toward decentralized, carbon-free baseload power.
Strategy: The company is targeting high-growth sectors within Physical Artificial Intelligence—specifically humanoid robotics, sensor fusion, and biomechanical engineering—as well as the advanced energy sector, with a primary interest in Small Modular Reactors (SMRs).
Leadership Team:
- Karan Thakur (Chairman & CEO): An experienced investor and executive who leads the vehicle’s strategic direction across emerging tech and energy sectors.
- Glenn Worman (CFO): A seasoned financial executive with extensive experience in capital markets and corporate finance.
Structure: 12 million units at $10.00. Each unit consists of one Class A ordinary share and one-fifth (1/5) of one Class A ordinary share upon the completion of a business combination. The use of rights instead of warrants provides a non-derivative path to equity, a structure increasingly favored by sponsors seeking to simplify cap table accounting. D. Boral Capital LLC acted as the sole book-runner.
SPAC IPO: Xsolla Spac 1 (XSLL)</strong
Ticker: XSLL (Units: XSLLU)
Size: $200 Million
Sponsor: Xsolla SPAC I LLC (affiliated with Aleksandr Agapitov)
Xsolla SPAC 1 priced its $200 million IPO on January 28, 2026, and hits the Nasdaq today. This vehicle represents a strategic extension of Xsolla, the global video game commerce powerhouse founded by Aleksandr Agapitov. By leveraging Xsolla’s massive footprint in the gaming ecosystem—which provides payment and backend services to thousands of developers—the SPAC is uniquely positioned to identify targets with embedded “stickiness” in the digital economy.
Strategy: The SPAC intends to target companies in the video game, FinTech, AdTech, and telecommunications sectors with enterprise values between $500 million and $1 billion. Management is specifically looking for “platform” businesses that complement Xsolla’s existing digital infrastructure.
Leadership Team:
- Aleksandr Agapitov (Chairman): Founder of Xsolla and a prominent figure in gaming commerce; he brings significant domain expertise and a global network of target opportunities.
- Dmitry Burkovskiy (CEO): A veteran executive with deep operational experience in the gaming and technology sectors.
- Rytis Joseph Jan (CFO): A strategic leader with a background in capital markets, fintech, and digital infrastructure expansion.
Structure: 20 million units at $10.00. Each unit consists of one Class A ordinary share and one-half (1/2) of one redeemable warrant. Each whole warrant is exercisable at $11.50 per share. D. Boral Capital LLC acted as the sole book-runner.
DAILY SPAC UPDATE
SPAC DEAL & EXTENSION VOTES SET
RACY – Relativity Acquisition Corp * EXTENSION VOTE SET: Feb 13, 2025 * trust $12.75
OTHER SPAC NEWS
HSPOF – HORIZON SPACE ACQUISITION I CORP * Auditor Change
PLMK – PLUM ACQUISITION CORP IV * Investor Deck
** – GalaxyEdge Acquisition Corp * Registration Withdrawn
CAEP – CANTOR EQUITY PARTNERS III INC * Media Transcript
SEPARATE WARRANTS/RIGHTS
Feb 02: BLUEROCK ACQUISITION CORP (BLRK)
Jan 30: MESHFLOW ACQUISITION CORP (MESH)
Jan 29: BLACK SPADE ACQUISITION III CO (BIII)
Jan 27: HALL CHADWICK ACQUISITION CORP (HCAC)
Jan 26: SAFEGUARD ACQUISITION CORP (SAC)
Jan 26: NEW AMERICA ACQUISITION I CORP (NWAX)
Jan 26: LEAPFROG ACQUISITION CORP (LFAC)
SPAC MOVERS
YESTERDAY’S TOP SPAC GAINERS
3.4% ~ $ 12.44 | CEPT – CANTOR EQUITY PARTNERS II INC (Announced)
1.3% ~ $ 12.00 | KVAC – KEEN VISION ACQUISITION CORP (Announced)
1.2% ~ $ 11.64 | QETA – QUETTA ACQUISITION CORP (Announced)
1.0% ~ $ 10.21 | OYSE – OYSTER ENTERPRISES II ACQUISITION CORP (Pre-Deal)
.9% ~ $ 53.74 | AFJK – AIMEI HEALTH TECHNOLOGY CO LTD (Announced)
YESTERDAY’S TOP SPAC LOSERS
-5.1% ~ $ 7.33 | RDAC – RISING DRAGON ACQUISITION CORP (Announced)
-3.4% ~ $ 16.36 | CCCX – CHURCHILL CAPITAL CORP X (Announced)
-2.9% ~ $ 12.28 | ESHA – ESH ACQUISITION CORP (Announced)
-1.8% ~ $ 10.80 | PELI – PELICAN ACQUISITION CORP (Announced)
-1.7% ~ $ 12.40 | TBMC – TRAILBLAZER MERGER CORP I (Announced)
LATEST SPAC IPO PERFORMANCE
Jan 29 | XSLL – Xsolla SPAC 1
Jan 29 | KII – K2 Capital Acquisition Corp
Jan 28 | SAAQ – Space Asset Acquisition Corp.
Jan 28 | KRAQ – KRAKacquisition Corp
Jan 27 | $ 10.05 | GIX – GigCapital9 Corp.
Jan 27 | $ 9.99 | MLAA – Mountain Lake Acquisition Corp. II
Jan 23 | $ 10.03 | LEGO – Legato Merger Corp. IV
Jan 23 | $ 9.98 | PTOR – Praetorian Acquisition Corp.
Jan 23 | $ 10.09 | ARCI – Archimedes Tech SPAC Partners III Co
Jan 23 | HLXC – Helix Acquisition Corp. III
Jan 22 | $ 9.99 | ALOV – Aldabra 4 Liquidity Opportunity Vehicle, Inc.
Jan 21 | $ 10.00 | XCBE – X3 Acquisition Corp. Ltd.
Jan 16 | $ 10.00 | FGII – FG Imperii Acquisition Corp
Jan 16 | $ 10.22 | IEAG – Infinite Eagle Acquisition Corp.
Jan 14 | $ 10.11 | OIM – OneIM Acquisition Corp.
Jan 09 | $ 10.00 | ZKP – Lafayette Digital Acquisition Corp. I
Jan 08 | $ 10.10 | BBCQ – Bleichroeder Acquisition Corp. II
Jan 07 | $ 9.98 | SORN – Soren Acquisition Corp.
Jan 06 | $ 10.04 | BIII – Black Spade Acquisition III Co
Jan 06 | $ 10.00 | ARTC – Art Technology Acquisition Corp.