X3 Acquisition Corp. Ltd. (XCBEU) dipped in its NASDAQ debut – opening at $9.98, down 2 cents from its $10.00 SPAC IPO price – when it started trading at 11:31 a.m. EST today – Wednesday, Jan. 21, 2026 – after raising $200 million on Tuesday night (Jan. 20, 2026). Volume on that opening trade: 1.9 million. Minneapolis-based X3 Acquisition Corp. Ltd. (XCBEU) is SPAC No. 9 to get priced during 2026 so far. Its IPO consisted of 20 million units – priced at $10.00 each – to produce $200 million, according to the prospectus. Each unit consists of one share of stock and one-half of one redeemable warrant.
Stifel was the sole book-runner.
X3 Acquisition Corp. Ltd. (XCBEU) intends to focus on the financial sector in its search for a suitable target for acquisition or an initial business combination, according to the prospectus. (Incorporated in the Cayman Islands)
Its shopping list for a suitable target company will include traditional financial institutions, community and regional banks, asset and wealth management firms, specialty finance companies and other businesses that provide crucial financial products and services, the prospectus said.
CEO and Chairman Andrew Redleaf is the founder of X Cubed Capital Management, a hedge fund based in Minneapolis, the prospectus said.
CFO and COO Kenneth Weiller is also the COO of X Cubed Capital Management.
(For more information about this company, please check the IPO Calendar and the individual IPO Profile found on the IPOScoop.com website.)
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