SPACCircle Acquisition Corp. completes $100 million IPO with D. Boral Capital as sole bookrunner
SPACCircle Acquisition Corp. closed its initial public offering of 10 million units at $10.00 each on October 28, 2026. The units, which include a Class A share, a redeemable warrant and a half‑share right, began trading on Nasdaq under the symbol SCQCU on October 27, 2026. Proceeds of $100.5 million, including a simultaneous private placement, were placed in a trust account. D. Boral Capital LLC acted as the sole bookrunner for the offering.
Why it matters
The $100.5 million placed in trust will be used to fund a future business combination, giving investors exposure to the SPAC’s target acquisition. The units are now publicly tradable, providing liquidity and market pricing for shareholders.
Key facts
- 1The IPO consisted of 10,000,000 units priced at $10.00 per unit. newswire.com
- 2Units began trading on Nasdaq under the symbol "SCQCU" on October 27, 2026. newswire.com
- 3Proceeds of $100,500,000 (or $10.05 per unit sold in the public offering) were placed in trust. newswire.com
- 4Each unit includes one Class A ordinary share, one redeemable warrant (exercise price $11.50), and one right to receive half a Class A share upon a business combination. newswire.com
- 5D. Boral Capital LLC acted as sole bookrunner for the offering. newswire.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.