SPACCircle Acquisition prices $100M IPO on Nasdaq

SPACCircle Acquisition Corp. recently priced its initial public offering (IPO) on the Nasdaq Global Market. The company sold 10 million units at $10.00 each, raising a total of $100 million. Each unit comprises a Class A ordinary share, a redeemable warrant, and a right to receive half a share upon a business combination's completion. Following the IPO, the units are anticipated to trade separately on Nasdaq under distinct symbols: SCQC, SCQCW, and SCQCR, respectively.

D. Boral serves as the sole book-running manager for the offering. The underwriters have been granted a 45-day option to purchase up to an additional 1.5 million units at the IPO price, allowing for potential over-allotments. SPACCircle was established with the purpose of pursuing a merger, share exchange, asset acquisition, or similar business combination within any industry. The IPO is set to close on October 28, 2026, pending customary closing conditions.