S

SPACCircle Acquisition Corp.

SCQCUFiled

SPACCircle Acquisition Corp. · Nasdaq · latest filing 2026-09-30

Report source
One-minute decisionBASIC RESEARCHSource completeness · 82%

Preliminary $150 million SPAC IPO remains uncompleted, with substantial dilution and target-selection uncertainty.

As of the September 29, 2026 preliminary prospectus, SCQCU proposed 15 million units at $10 each, but the offering was not completed in the supplied evidence.

Where does the money go?Awaiting verificationS-1/A · 2026-09-30
Ownership and votingAwaiting verified holder data— economic · — voting
Next disclosed checkpointEffectiveness and closing are not confirmed; the prospectus states sale may begin only after effectiveness.S-1/A · 2026-09-30

Capital destination

Awaiting verification

S-1/A · 2026-09-30

Share-type percentages are not net-proceeds percentages. Amounts retain their stated gross/net basis; do not add unlike bases.

Check the source · S-1/A ↗
Next checkEffectiveness and closing are not confirmed; the prospectus states sale may begin only after effectiveness.
Latest filing2026-09-30

Capital destination

Awaiting verification

S-1/A · 2026-09-30

Share-type percentages are not net-proceeds percentages. Amounts retain their stated gross/net basis; do not add unlike bases.

Check the source · S-1/A ↗
BOOKRUNNERS / LEAD UNDERWRITERSBookrunners / lead underwriters
NOT YET DISCLOSED

Names not yet published

Fully diluted valuation bridge

StatusReference
Awaiting verificationSource ↗

Basic-price scenario

A verified single offer price and basic post-offer share count are required. This is a data gap, not a paid lock.

Check the source · S-1/A ↗

Holder data awaits verification

The sponsor holds founder Class B shares with special pre-combination director-voting rights; exact economic and voting percentages by holder are not fully supplied. · 2026-09-30

The sponsor holds founder Class B shares with special pre-combination director-voting rights; exact economic and voting percentages by holder are not fully supplied.

One disclosed holder; not a complete ownership distribution.Check the source · S-1/A ↗

Conditional lock-up timeline

StatusReference
Awaiting verificationSource ↗

Financial quality and runway

StatusReference
Awaiting verificationSource ↗

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Risk 1

The sponsor and insiders may benefit from a combination even when public shareholders suffer losses, creating conflicts.

Potential impact
Awaiting verification
Monitor
Effectiveness and closing are not confirmed; the prospectus states sale may begin only after effectiveness.
Evidence
Business ↗
SEC EDGAR

S-1/A

2026-09-30

Open SEC filing ↗