X3 Acquisition Corp. Ltd. Raises Additional $25.375M via Over-Allotment Option and Private Warrants
XCBEU is trading near its 52-week low of $9.97 (0.3% above the low).
Summary
X3 Acquisition Corp. Ltd. announced the partial exercise of its over-allotment option, raising an additional $25 million from unit sales and $375,000 from private warrant sales to its sponsor.
Key Events · Financing and Capital Events · XCBEU
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Over-Allotment Option Partially Exercised
Underwriters purchased an additional 2.5 million units at $10.00 per unit, generating $25 million in gross proceeds.
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Sponsor Purchases Additional Private Warrants
The company's sponsor acquired an additional 375,000 private warrants at $1.00 each, raising $375,000.
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Increased Trust Account
The total funds in the trust account now stand at $225 million, including proceeds from the initial IPO and these additional placements.
Analysis · XCBEU · Real Estate & Construction
This filing details the partial exercise of the underwriters' over-allotment option, which resulted in the sale of an additional 2.5 million units at $10.00 each, generating $25 million. Concurrently, the sponsor purchased an additional 375,000 private warrants for $375,000. This additional capital significantly boosts the company's trust account to $225 million, providing a larger pool of funds for its future business combination. The exercise of the over-allotment option signals strong market demand for the SPAC's units, following its initial public offering.
How filings like this one have moved
In the 30 days to Oct 5, 2026, 36.9% of the 966 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.66%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, XCBEU was trading at $10.00 on NASDAQ in the Real Estate & Construction sector, with a market capitalization of approximately $200M. The 52-week trading range was $9.97 to $10.02. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.