The company completed its IPO and private placement in February 2026, raising gross proceeds of approximately $101.5 million, which were placed in a trust account. It reported a small net income and negative EPS for the quarter ended February 28, 2026, with no material changes to disclosed risk factors.

• On February 13, 2026, XFLH Capital Corp consummated its IPO of 10,000,000 units at $10.00 per unit, generating gross proceeds of $100 million, and simultaneously completed a private placement of 154,970 units with its sponsor, generating approximately $1.55 million in gross proceeds. The proceeds were placed in a trust account for the benefit of public stockholders [S1].
• As of February 28, 2026, the company reported cash and cash equivalents of $593,400, current liabilities of $214,330, resulting in a current ratio and cash ratio of 2.77, and net income of $42,199 with basic and diluted EPS of -$0.01 for the quarter [S1].
• The company has entered into multiple agreements related to its IPO and governance, including underwriting, rights, investment management trust, registration rights, private placement purchase, indemnity, and administrative support agreements [S1].
• Risk factors disclosed in the company’s prospectus filed on February 12, 2026, remain applicable with no material changes as of the latest quarterly report [S1].

The company has successfully completed its IPO and private placement, securing substantial capital held in trust for future business combination opportunities. The governance and contractual framework established through multiple agreements provides a foundation for executing its initial business combination.

The company currently lacks an operating business and has limited financial history, with negative earnings per share reported. The success of the company depends on completing a suitable initial business combination within the specified timeframe, with risks related to market conditions and execution uncertainties.

The company is a newly public special purpose acquisition company (SPAC) with no disclosed operating business or competitive advantages. Its moat is currently undefined as it awaits consummation of an initial business combination to establish operational activities and market positioning.

• Dependence on Initial Business Combination: The company’s ability to generate revenue and profits depends on successfully completing an initial business combination within 15 months of the IPO.
• Limited Operating History: As a newly public SPAC, the company has no operating business or revenue, which limits visibility into its future performance.
• Market and Regulatory Risks: The company faces risks related to market conditions, regulatory compliance, and potential adverse effects from undisclosed or immaterial risk factors outlined in its prospectus.

• XFLH Capital Corp is a Cayman Islands exempted company that completed its initial public offering (IPO) on February 13, 2026.
• The IPO consisted of 10,000,000 units sold at $10.00 per unit, generating gross proceeds of $100 million.
• Each unit consists of one ordinary share and one right to receive one-seventh of one ordinary share upon consummation of an initial business combination.
• Simultaneously with the IPO, the company completed a private placement with its sponsor, XFLH Holdings Limited, of 154,970 units at $10.00 per unit, generating approximately $1.55 million in gross proceeds.
• The net proceeds from the IPO and private placement were placed in a U.S.-based trust account for the benefit of public stockholders, with Continental Stock Transfer & Trust Company as trustee.
• As of February 28, 2026, the company reported cash and cash equivalents of $593,400 and current liabilities of $214,330, resulting in a current ratio and cash ratio of 2.77.
• The company reported net income of $42,199 and basic and diluted earnings per share of -$0.01 for the quarter ended February 28, 2026.
• The company has entered into various agreements related to its IPO and governance, including an underwriting agreement, rights agreement, investment management trust agreement, registration rights agreement, private placement purchase agreement, indemnity agreement, and administrative support agreement.
• The company is classified as an emerging growth company and has not elected to use the extended transition period for complying with new or revised financial accounting standards.
• The company’s initial business combination has not yet been consummated, and the funds in the trust account are restricted until completion of this combination or other specified events.
• Risk factors disclosed in the company’s prospectus filed on February 12, 2026, remain applicable with no material changes as of the latest quarterly report.