XFLH Capital Closes $100M IPO with 10M Units, 45-Day 1.5M Overallotment Option
XFLH Capital Corporation closed a $100 million IPO by issuing 10 million units at $10 each, comprising one ordinary share plus a right to receive one-seventh of a share upon business combination. The NYSE-listed units “XFLHU” include a 45-day option for 1.5 million additional units at IPO price.
1. IPO Closing Details
XFLH Capital Corporation completed the offering of 10,000,000 units at $10.00 each, raising $100 million in gross proceeds. Each unit consists of one ordinary share and one right to receive one-seventh of an ordinary share upon the consummation of a business combination.
2. Listing and Units Structure
Units began trading on the New York Stock Exchange under the symbol "XFLHU" on February 12, 2026. Upon separate trading, ordinary shares and rights are expected to list under "XFLH" and "XFLHR," respectively, enabling investors to trade shares and warrants independently.
3. Over-Allotment and Management
The underwriter holds a 45-day option to purchase up to 1,500,000 additional units at the IPO price minus the underwriting discount. Maxim Group LLC acted as sole book-running manager, with Becker & Poliakoff and Robinson & Cole serving as legal counsel for the transaction.