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XFLH Capital CorpXFLH

Class A XFLHUnits XFLH-UNCIK 0002088103

Cash in trust

$101.0M

$100,965,813

Trust per share

Redemption value

IPO

Feb 2026

$100.0M raised

Combination deadline

May 12, 2027

250 days remaining

Filings on record

31

Latest Jul 13, 2026

Overview

XFLH Capital Corp is a special purpose acquisition company incorporated in Cayman Islands and registered with the SEC under CIK 0002088103. It completed its initial public offering in Feb 2026, raising $100.0M in gross proceeds and listing on NYSE. Class A shares trade under the ticker XFLH, units under XFLH-UN on NYSE. The vehicle is sponsored by XFLH through XFLH Holdings Limited. The mandate targets generalist. IPO closed, trust funded, no definitive agreement announced.

We intend to focus our search initially on target businesses operating in Asia, and we may consummate a business combination with an entity located in the People's Republic of China (including Hong Kong and Macau) (the "PRC" or "China").
The mandate, as stated in the IPO prospectus
GeneralistGreater ChinaAsia-Pacific

Reading the filings

Arithmetic on what XFLH Capital Corp has disclosed, written the way a desk would read it. These are observations, not a rating. Nothing here scores the vehicle or implies a view on it.

  • Time on the clock

    250 days to the May 12, 2027 deadline. The vehicle is early in its search window, and the deadline is not yet the binding constraint.

  • Sponsor promote

    The sponsor's founder block is 1,725,000 shares against 3,833,333 public shares, or 31.0% of the combined count, acquired before the IPO at nominal cost. That promote is the structural dilution every public shareholder carries into a combination, and it is why the economics of a de-SPAC differ so sharply from a conventional IPO.

  • Underwriting

    Maxim Group led the offering. It has been named on 31 SPAC IPOs, book-running 23 of them, and 28.6% of its resolved vehicles closed a deal. The syndicate has no control over whether a sponsor finds a target, but the quality of the book at pricing shapes who ends up holding the units.

Scores

Recomputed 4m ago

Three readings of XFLH Capital Corp, each an unweighted mean of the components shown beneath it, and each component a percentile against every live SPAC rather than an absolute we invented. They describe the setup, not the merit. How they are built

FOMO

Low

How much attention is this vehicle attracting right now?

0/100

  • Filing activity0

    0 in 30 days

  • News coverage0

    0 stories in 30 days

Attention is not quality. FOMO rises on news volume and on the market paying above trust, both of which have preceded plenty of disappointments.

Potential

Moderate

How likely is this vehicle to complete a combination, and at what scale?

46/100

  • Lead bank record90

    28.6%

  • Bank franchise35

    31 SPAC mandates

  • Trust scale20

    $101M

  • Stage40

    searching

Potential is about execution, not about the target. It says nothing about whether the eventual deal is worth owning, because the target is usually unknown when the score is computed.

These are derived measures, not ratings of investment merit. They carry no view on the target, no price target and no recommendation, and a high score is not a reason to buy anything.

SEC filing history

Free tier: filings older than 24 hours
  • 10-Q

    Quarterly report

    Accession 0001185185-26-002905

    Jul 13, 2026

    1mo ago

    Open filing
  • SCHEDULE 13G

    Beneficial ownership report (passive)

    Accession 0000919574-26-003200

    May 15, 2026

    3mo ago

    Open filing
  • SCHEDULE 13G

    Beneficial ownership report (passive)

    Accession 0000886982-26-000161

    May 8, 2026

    3mo ago

    Open filing
  • 10-Q

    Quarterly report

    Accession 0001185185-26-001360

    Apr 14, 2026

    4mo ago

    Open filing
  • SCHEDULE 13G

    Beneficial ownership report (passive)

    Accession 0001172661-26-001385

    Apr 7, 2026

    5mo ago

    Open filing
  • 4

    Statement of changes in beneficial ownership

    Accession 0001185185-26-001190

    Mar 31, 2026

    5mo ago

    Open filing
  • 8-K

    Other events

    Items 8.01, 9.01 · Accession 0001185185-26-000742

    Mar 4, 2026

    6mo ago

    Open filing
  • 8-K

    Other events

    Items 8.01, 9.01 · Accession 0001185185-26-000638

    Feb 20, 2026

    6mo ago

    Open filing
  • SCHEDULE 13G

    Beneficial ownership report (passive)

    Accession 0001376474-26-000192

    Feb 19, 2026

    6mo ago

    Open filing
  • 8-K

    Entry into a material definitive agreement; Other events

    Items 1.01, 3.02, 5.03, 8.01, 9.01 · Accession 0001185185-26-000577

    Feb 17, 2026

    6mo ago

    Open filing
  • 4

    Statement of changes in beneficial ownership

    Accession 0001185185-26-000578

    Feb 17, 2026

    6mo ago

    Open filing
  • 424B4

    Final IPO prospectus

    Accession 0001185185-26-000538

    Feb 12, 2026

    6mo ago

    Open filing
  • 3

    Initial statement of beneficial ownership

    Accession 0001185185-26-000526

    Feb 12, 2026

    6mo ago

    Open filing
  • 3

    Initial statement of beneficial ownership

    Accession 0001185185-26-000525

    Feb 12, 2026

    6mo ago

    Open filing
  • 3

    Initial statement of beneficial ownership

    Accession 0001185185-26-000524

    Feb 12, 2026

    6mo ago

    Open filing
  • 3

    Initial statement of beneficial ownership

    Accession 0001185185-26-000523

    Feb 12, 2026

    6mo ago

    Open filing
  • 3

    Initial statement of beneficial ownership

    Accession 0001185185-26-000522

    Feb 12, 2026

    6mo ago

    Open filing
  • 3

    Initial statement of beneficial ownership

    Accession 0001185185-26-000521

    Feb 12, 2026

    6mo ago

    Open filing
  • CERT

    Exchange listing certification

    Accession 0000876661-26-000122

    Feb 11, 2026

    6mo ago

    Open filing
  • 8-A12B

    Registration of securities on an exchange

    Accession 0001185185-26-000498

    Feb 11, 2026

    6mo ago

    Open filing
  • EFFECT

    Notice of effectiveness

    Accession 9999999995-26-000374

    Feb 2, 2026

    7mo ago

    Open filing
  • S-1/A

    FORM S-1/A

    Accession 0001185185-26-000345

    Jan 30, 2026

    7mo ago

    Open filing
  • CORRESP

    Correspondence with SEC staff

    Accession 0001185185-26-000328

    Jan 28, 2026

    7mo ago

    Open filing
  • CORRESP

    Correspondence with SEC staff

    Accession 0001185185-26-000326

    Jan 28, 2026

    7mo ago

    Open filing
  • S-1/A

    FORM S-1/A

    Accession 0001185185-26-000275

    Jan 26, 2026

    7mo ago

    Open filing
  • S-1/A

    FORM S-1/A

    Accession 0001185185-26-000132

    Jan 13, 2026

    7mo ago

    Open filing
  • S-1/A

    FORM S-1/A

    Accession 0001185185-25-002167

    Dec 23, 2025

    8mo ago

    Open filing
  • S-1/A

    FORM S-1/A

    Accession 0001185185-25-001929

    Dec 5, 2025

    9mo ago

    Open filing
  • CORRESP

    Correspondence with SEC staff

    Accession 0001185185-25-001930

    Dec 5, 2025

    9mo ago

    Open filing
  • UPLOAD

    SEC staff comment letter

    Accession 0000000000-25-011210

    Dec 2, 2025

    9mo ago

    Open filing

XFLH Capital Corp: questions answered

What is XFLH Capital Corp (XFLH)?

XFLH Capital Corp is a special purpose acquisition company incorporated in Cayman Islands and registered with the SEC under CIK 0002088103. It completed its initial public offering in Feb 2026, raising $100.0M in gross proceeds and listing on NYSE. Class A shares trade under the ticker XFLH, units under XFLH-UN on NYSE. The vehicle is sponsored by XFLH through XFLH Holdings Limited. The mandate targets generalist. IPO closed, trust funded, no definitive agreement announced.

How much does XFLH Capital Corp hold in trust?

Approximately $100,965,813, as at the most recent filing on record. Trust balances move: shareholders redeem at extension votes and at the combination vote, and sponsors pay contributions in to extend. Treat the figure as a point-in-time disclosure, not a running balance.

When must XFLH Capital Corp complete a merger?

By May 12, 2027. If no combination closes by then the sponsor must seek a further extension or wind the vehicle up and return the trust.

What happens if XFLH Capital Corp does not find a target in time?

The charter requires the vehicle to redeem 100% of the public shares and return the trust, pro rata, to public shareholders. That is the mechanism working as designed rather than a default. Founder shares and warrants are worthless in that outcome, which is why the sponsor's incentive is to get a deal done or to buy more time. Across the market, deadline lapsed without a deal; trust returned to public shareholders.

Can I redeem shares in XFLH Capital Corp, and at what price?

Public shareholders may elect to redeem in connection with a combination vote and at each extension vote, at the pro-rata trust value on the relevant record date. Redemption is a right attached to the public shares only; warrants and rights carry no claim on the trust. The mechanics and the deadline for electing are set out in the proxy statement for the vote in question.

What tickers does XFLH Capital Corp trade under?

Class A shares trade as XFLH on NYSE, the units as XFLH-UN. Units trade first and separate into their component securities roughly 52 days after the IPO; only the Class A shares carry the redemption right against the trust.

Is the trust value the same as the share price for XFLH Capital Corp?

No. Trust per share is a disclosed, contractual figure: what a redeeming holder receives. The market price is whatever the shares change hands at, which can sit above the trust when a deal is well received or below it when the market doubts one will close. We do not have a current quote for this vehicle, so no spread is shown.

How much dilution do XFLH Capital Corp's founder shares and warrants create?

The founder block is 1,725,000 shares against 3,833,333 public shares, so roughly 31.0% of the combined count sits with the sponsor at nominal cost. Both are disclosed in the prospectus and both survive into the combined company, which is why a de-SPAC at $10 is not economically the same as an IPO at $10.

Who sponsors XFLH Capital Corp, and what is their track record?

XFLH Holdings Limited is the sponsor entity, part of the XFLH franchise. This is the only vehicle we have attributed to that sponsor. Named principals: Yanzhe Yang.

Which banks underwrote the XFLH Capital Corp IPO?

Maxim Group. Maxim Group was credited as book-running manager on the cover. Syndicate membership and role are read from the prospectus cover and the underwriting section.

Is XFLH Capital Corp tradeable, and where?

Yes. XFLH returned a live quote of $9.97 on NYSE. Quotes here are delayed and refreshed on a schedule rather than streamed, so treat the figure as indicative and confirm on your own venue. Units and warrants trade under their own symbols and are quoted separately.

Is XFLH Capital Corp a good investment?

That is not a question this site answers. XFLH Capital Corp is covered here as reference data: what the company filed, when it filed it, and what the numbers in those filings say. The Edge, FOMO and Potential scores on this page are derived measures with a published formula, not ratings of investment merit: they describe the setup, and every component is shown so you can take them apart. We publish no price targets and no recommendations, and nothing here should be read as advice. The figures are a starting point for your own work, and each one carries the accession number of the filing it came from.

Where does this XFLH Capital Corp data come from?

Filings XFLH Capital Corp submitted to the SEC under CIK 0002088103: the registration statement and final prospectus for the structure, quarterly and annual reports for the trust, current reports and proxy statements for deals, votes and extensions. Trust economics are taken from the registrant's own XBRL tags rather than parsed from prose, which is why they are exact. Every filing in the history above is listed with its accession number, which identifies the document uniquely on EDGAR; Pro accounts open it directly from the row.

Compiled by the SPACListing research desk

Last reconciled Sep 4, 2026

Every figure on this page is read from documents the registrants filed with the U.S. Securities and Exchange Commission, principally the IPO prospectus (Form 424B4), quarterly and annual reports, current reports and proxy statements, the registrant's own XBRL tags for trust economics. Nothing is sourced from press coverage, from the companies themselves, or from a third-party aggregator. Where a filing does not disclose something, the field is left blank rather than estimated.

Read the full methodology · What is in the dataset · Report a correction

SPACListing is a reference-data service, not an investment adviser. Nothing here is a recommendation to buy or sell any security.

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The context around this vehicle: who else the sponsor has launched, which banks priced it, and where it sits in the wider market.