XFLH Capital completes $100 million initial public offering on NYSE

XFLH Capital Corporation closed its initial public offering of 10 million units at $10.00 each, raising $100 million, according to a company statement. The Cayman Islands-based blank check company's units began trading on the New York Stock Exchange under ticker symbol "XFLHU" on February 12, 2026.

Each unit consists of one ordinary share and one right to receive one-seventh of an ordinary share upon completion of a business combination. The company's shares and rights are expected to trade separately on the NYSE under symbols "XFLH" and "XFLHR" respectively once separate trading begins.

XFLH Capital granted underwriter Maxim Group LLC a 45-day option to purchase up to 1.5 million additional units at the offering price minus underwriting discount to cover over-allotments. Maxim Group served as sole book-running manager for the offering.

The Securities and Exchange Commission declared the company's Form S-1 registration statement effective on January 30, 2026, under file number 333-290588. XFLH Capital was formed to pursue mergers, acquisitions, or similar business combinations with one or more businesses.

Becker & Poliakoff served as counsel to XFLH Capital, while Robinson & Cole represented Maxim Group in the transaction.

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