A Form 4 filed on October 29, 2026 reports that Soumen Das, a director and 10% owner of SPACCircle Acquisition Corp. (NASDAQ:SCQCU), indirectly acquired 266,590 Class A Ordinary Shares on October 28, 2026 through a private placement transaction involving SPACCircle Sponsor LLC.

Key Highlights

  • Reporting persons: The filing was made jointly by Soumen Das, SPACCIRCLE SPONSOR LLC, and SPACCatalyst LLC, all sharing the address 8795 Folsom Blvd, Sacramento, California 95826.
  • Transaction: 266,590 Class A Ordinary Shares were acquired (transaction code P) on October 28, 2026 at a price of $10 per share.
  • Indirect ownership: The shares are held directly by SPACCircle Sponsor LLC and reported as indirectly beneficially owned by Soumen Das.
  • Unit composition: According to the filing, each private placement unit consists of one Class A ordinary share, one warrant exercisable to purchase one Class A ordinary share, and one right to receive one-half (1/2) of one Class A ordinary share.
  • Resulting ownership: Following the transaction, Soumen Das beneficially owns 266,590 Class A Ordinary Shares on an indirect basis.
  • Disclaimer: The filing states that Mr. Das "disclaims any beneficial ownership of the reported securities other than to the extent of any pecuniary interest he may have therein, directly or indirectly."

Private Placement Units Purchase by SPACCircle Sponsor LLC Reported by Soumen Das

According to the Form 4 filing, Soumen Das reported the acquisition of 266,590 Class A Ordinary Shares of SPACCircle Acquisition Corp. (NASDAQ:SCQCU) on October 28, 2026. The transaction was carried out at a price of $10 per share and is classified with transaction code P. The shares were acquired pursuant to a Private Placement Units Purchase Agreement between SPACCircle Sponsor LLC, identified as "the Sponsor," and SPACCircle Acquisition Corp.

The filing discloses that each private placement unit acquired consists of one Class A ordinary share, one warrant exercisable to purchase one additional Class A ordinary share, and one right to receive one-half (1/2) of one Class A ordinary share. The shares are held directly by SPACCircle Sponsor LLC, not by Soumen Das personally. Das is described in the filing as a managing member of SPACCatalyst LLC, which in turn is the managing member of the Sponsor. The filing states that Das "has voting and investment discretion with respect to the securities held by the Sponsor," and as a result may be deemed to possess beneficial ownership of those securities.

The Form 4 was filed jointly by three reporting persons: Soumen Das (identified as a director and 10% owner of the issuer), SPACCIRCLE SPONSOR LLC (identified as a 10% owner), and SPACCatalyst LLC (identified as a 10% owner). All three share the same address of record. The filing was signed by Soumen Das on October 29, 2026, in his individual capacity and as Authorized Person for both SPACCatalyst LLC and SPACCircle Sponsor LLC.

What Was Disclosed

This Form 4 discloses the indirect acquisition of 266,590 Class A Ordinary Shares of SPACCircle Acquisition Corp. by Soumen Das through SPACCircle Sponsor LLC on October 28, 2026, at $10 per share, via a private placement units purchase agreement.