Aristeia Capital, L.L.C. reports beneficial ownership of 1,950,000 Units of Xsolla SPAC 1, representing 9.34% of the Class A ordinary shares. The filing states those Units consist of one Class A ordinary share and one-half of one redeemable warrant per Unit.
Aristeia says the 9.34% figure is based on 20,873,579 shares outstanding as of March 30, 2026, as reported in the issuer's 10-K. The report is signed by Andrew B. David, COO of Aristeia Capital, and dated May 14, 2026.
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Insights
Large holder files Schedule 13G, showing a 9.34% stake in Xsolla SPAC 1.
Aristeia Capital discloses beneficial ownership of 1,950,000 Units, each Unit including one Class A share and one-half warrant. The filing ties the percentage to 20,873,579 shares outstanding as of March 30, 2026, per the issuer's 10-K.
The stake is below typical 10% filing thresholds that can trigger other reporting forms; subsequent filings would show any change. Cash‑flow treatment and intent (passive vs. active) are not stated in the provided excerpt.
Key Figures
Units beneficially owned:1,950,000 UnitsPercent of class:9.34%Shares outstanding:20,873,579 shares+1 more
4 metrics
Units beneficially owned1,950,000 UnitsSchedule 13G beneficial ownership reported by Aristeia Capital
Percent of class9.34%Calculated using shares outstanding as of March 30, 2026
Shares outstanding20,873,579 sharesOutstanding shares as of <date>March 30, 2026</date>, cited from issuer 10-K
Filing signature date05/14/2026Schedule 13G signed by Andrew B. David
Key Terms
Unit, redeemable warrant, Schedule 13G
3 terms
Unitfinancial
"Units, each consisting of one Class A ordinary share, par value $0.0001 per share, and one-half of one redeemable warrant"
A unit is a single, indivisible investment instrument sold and traded as one package, often made up of two or more pieces such as a share combined with a warrant or a debt piece. Thinking of it like a combo meal at a restaurant helps: you buy one item that includes separate parts, and each part affects what you own, how you can sell it, and the potential future value or dilution for investors.
redeemable warrantfinancial
"one-half of one redeemable warrant"
A redeemable warrant is a financial tool that gives its holder the right to buy shares of a company at a fixed price within a certain period. If the holder chooses to do so, the company can buy back or cancel the warrant before it expires, often to encourage investment or manage share issuance. For investors, it provides an option to potentially buy shares at a favorable price while offering some flexibility for the issuing company.
Schedule 13Gregulatory
"Item 1. (a) Name of issuer: Xsolla SPAC 1"
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Xsolla SPAC 1
(Name of Issuer)
Units, each consisting of one Class A ordinary share, par value $0.0001 per share, and one-half of one redeemable warrant
(Title of Class of Securities)
G9833K128
(CUSIP Number)
03/31/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
G9833K128
1
Names of Reporting Persons
Aristeia Capital, L.L.C.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
1,950,000.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
1,950,000.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,950,000.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
9.34 %
12
Type of Reporting Person (See Instructions)
IA, OO
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Xsolla SPAC 1
(b)
Address of issuer's principal executive offices:
15260 Ventura Boulevard, Suite 2230, Sherman Oaks, CA 91403
Item 2.
(a)
Name of person filing:
Aristeia Capital, L.L.C.
(b)
Address or principal business office or, if none, residence:
One Greenwich Plaza, Suite 300, Greenwich, CT 06830
(c)
Citizenship:
Delaware
(d)
Title of class of securities:
Units, each consisting of one Class A ordinary share, par value $0.0001 per share, and one-half of one redeemable warrant
(e)
CUSIP Number(s):
G9833K128
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
1,950,000
The Reporting Person may be deemed the beneficial owner of 1,950,000 Units, each consisting of one Class A ordinary share and one-half of one redeemable warrant which is approximately 9.34% of the outstanding shares. This percentage was determined by dividing 1,950,000 by 20,873,579, which is the number of shares outstanding as of March 30, 2026, as reported in the Issuer's 10-K filed with the SEC on March 31, 2026.
(b)
Percent of class:
9.34%
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
1,950,000
(ii) Shared power to vote or to direct the vote:
0
(iii) Sole power to dispose or to direct the disposition of:
1,950,000
(iv) Shared power to dispose or to direct the disposition of:
0
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Aristeia Capital, L.L.C.
Signature:
/s/ Andrew B. David
Name/Title:
Andrew B. David / Chief Operating Officer, Aristeia Capital, L.L.C.
What stake does Aristeia Capital report in Xsolla SPAC 1 (XSLL)?
Aristeia Capital reports beneficial ownership of 1,950,000 Units, representing 9.34% of Class A ordinary shares based on March 30, 2026 outstanding shares.
What does each Unit of Xsolla SPAC 1 include?
Each Unit consists of one Class A ordinary share and one-half of one redeemable warrant, as stated in the filing's class description.
How was the 9.34% ownership percentage calculated?
The percentage was calculated by dividing 1,950,000 Units by 20,873,579 shares outstanding as of March 30, 2026, per the issuer's 10-K cited in the filing.
Who signed the Schedule 13G for Aristeia Capital?
The filing is signed by Andrew B. David, identified as Chief Operating Officer of Aristeia Capital, L.L.C., and dated May 14, 2026.
