Business Context and Reporting Period
Company: United Acquisition Corp. I (UACU)
Filing Type: Form 8-K (Current Report)
Reporting Date: February 12, 2026
Context: The Company is a Cayman Islands-based Special Purpose Acquisition Company (SPAC) and an emerging growth company. This filing reports the partial exercise of the underwriters' over-allotment option following its initial public offering (IPO) consummated on January 30, 2026, and the commencement of separate trading for its Class A ordinary shares and warrants.
Key Financial Metrics
- Total Units Issued: 10,182,300 Units (10,000,000 initial + 182,300 over-allotment).
- Offering Price: $10.00 per Unit.
- Gross Proceeds from Public Offering: $101,823,000 (Total).
- Private Placement Proceeds: $4,527,345 (Initial $4,500,000 + Additional $27,345).
- Trust Account Funding: $101,823,000 total placed in trust ($100,295,655 from public offering net proceeds + $1,527,345 from private placement net proceeds).
- Warrant Exercise Price: $11.50 per share.
- Revenue/Profit/Cash Flow: The filing text does not provide operating revenue, profit, or cash flow metrics as the Company is a pre-operational SPAC.
Material Changes vs. Prior Period
- Over-Allotment Exercise: Underwriters partially exercised their option to purchase an additional 182,300 Units on February 12, 2026, increasing the total IPO size from 10,000,000 to 10,182,300 Units.
- Additional Private Placement: In connection with the over-allotment, the Company sold an additional 2,280 Private Placement Units and 6,060 Private Placement Warrants, generating $27,345 in gross proceeds.
- Trading Structure: Commencing February 18, 2026, Units will be eligible for separation, allowing Class A Ordinary Shares (UAC) and Warrants (UACW) to trade separately on NYSE American.
Guidance, Outlook, and Risks
- Management Commentary: The Company has established a trust account with Continental Stock Transfer & Trust Company to hold proceeds for the benefit of public shareholders. An unaudited pro forma balance sheet reflecting the over-allotment proceeds will be filed within four business days.
- Unusual Items: The filing notes that no fractional warrants will be issued upon the separation of Units; only whole warrants will trade.
- Risks/Contingencies: The filing does not explicitly detail new risks beyond standard SPAC operations. The Company remains in the process of identifying a target business for a business combination.
Investor Verification Checklist
- Verify the final pro forma balance sheet to be filed within four business days of February 12, 2026, for updated trust account details.
- Confirm the exact number of whole warrants issued upon Unit separation, as fractional warrants are not permitted.
- Monitor the Company's progress in identifying a target business combination within the required timeframe.
- Review the terms of the Private Placement Units and Warrants to understand the Sponsor's and Underwriters' economic alignment.