Xsolla SPAC 1 announced the completion of a private placement, selling 400,000 Private Placement Units at $10.00 per unit to its sponsor, Xsolla SPAC I LLC, generating gross proceeds of $4 million. Each unit consists of one Class A ordinary share and one-half of a warrant to purchase a Class A ordinary share at $11.50 per share. The terms of the Private Placement Units and warrants are substantially similar to those sold in the company's initial public offering, with certain limited exceptions described in the company's prospectus.

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