United Acquisition I

Because the document registers no transactional activity or position shifts, it does not provide new insight into insider conviction or liquidity needs that would affect shareholder redemption calculus. The submission appears to be a standard registration update rather than evidence of strategic positioning ahead of the deadline. Absent concurrent disclosures on capital preservation, extension negotiations, or partnership developments, investors evaluating United Acquisition I’s path to a business combination should continue relying on prior public statements and regulatory filings for their timing and valuation assumptions.

This filing is the updated registration statement for UAC's IPO, which will raise $100 million (or $115 million if the over-allotment is exercised) to be held in trust for a future business combination. It provides detailed terms of the offering, sponsor compensation (founder shares purchased at $0.009 per share, private placement warrants at $0.75 each), redemption rights for public shareholders, the 24-month deadline to complete a business combination, and extensive risk factors. The SPAC has not yet identified a target business, and this document allows investors to evaluate the structure and risks before the offering becomes effective.

This establishes the baseline contract for the SPAC. Investors can now track the trust value per share ($10.14 as context label says, but prospectus says $10.00), the 24-month deadline, and the severe dilution risk: founder shares' $0.007 cost could yield massive profit even if public shares lose value. The document confirms no target identified and no discussions have occurred. It also reveals heavy political ties in management (multiple former Trump administration officials, ex-RNC co-chair).

What changed: Annual Report on Form 10-K for the period from inception (October 22, 2025) through December 31, 2025, filed by United Acquisition Corp. I, a newly formed blank-check company searching for a merger target. This is the SPAC's first 10-K, covering its formation and pre-IPO activity. The filing reports that the company had no operations and a net loss of $395,502 for the period. All key events—the IPO ($100 million gross from 10 million units), partial over-allotment exercise ($1.823 million from 182,300 additional units), and private placements (275,000 private placement units and 2,333,333 private placement warrants)—occurred after the balance sheet date, in January and February 2026. The trust account held $101.823 million as of February 12, 2026. The filing discloses a working capital deficit of $354,610 and cash of $1,960 at December 31, 2025. A share-based compensation expense of $346,000 was recognized for founder shares transferred to independent directors. The company has a 24-month deadline from the IPO closing (January 30, 2026) to complete a business combination. A related-party promissory note of up to $500,000 was repaid at IPO close. The company discloses it has not identified any target. Why it matters: This 10-K establishes the baseline financial and structural terms for the SPAC. For investors tracking the redemption mechanics, the trust value is confirmed at approximately $10.00 per public share ($101.823 million / ~10.182 million public shares), consistent with the standard. The deadline for a deal is January 30, 2028 (24 months from IPO close). The filing details that common shareholders can redeem shares in connection with a business combination, and that the initial shareholders waive redemption on founder shares. It also outlines that the company may complete a deal via a tender offer without a shareholder vote, and that it has no maximum redemption threshold, meaning a deal could close even with high redemptions. The filing also provides substantial detail on potential conflicts of interest, noting sponsor control by CEO Paul Packer, who also controls a second SPAC (United Acquisition Corp. II) and has past SPAC experience with Globis Acquisition Corp.

What changed: This document is a Schedule 13D/A, formally designated as an amendment to a Statement of Beneficial Ownership of Securities filed to disclose adjustments in shareholdings by persons or groups exceeding the five percent ownership threshold. The submitted text registers only the filing type label, an SEC accession bracket, and a parsing note stating 'Structured holder table not present in this XML variant.' There are no reported alterations in shareholder composition, no commentary on United Acquisition I’s 2028-01-30 search deadline, no reference to trust administration or the $10.14 per-share value cited in your tracker, no updates on extension resolutions, sponsor conduct, target due diligence, or redemption mechanics, and no numerical disclosures appear anywhere in the provided excerpt. Why it matters: Because the core ownership table and all narrative disclosures are absent from this extraction, the filing transmits zero verifiable data on insider accumulation, activist positioning, or dilution pathways that would inform redemption timing or trust preservation. With no figures present in the text and no named executives, sponsors, or counsel cited to anchor any statements, there are no claims requiring attribution and no market or financial metrics to evaluate. This release carries no mechanical or strategic weight for calendar management or deal-tracking until the complete XML or PDF populates the missing beneficiary schedules.

What changed: A routine regulatory compliance exhibit — specifically, a Form 4 insider ownership report. The filing attributes a 10% ownership stake to United Acquisition SPAC LLC and director/CEO/CFO/Chairman Paul Packer, then reports zero non-derivative transactions or holdings changes between them. No sales, purchases, or derivative exercises occurred that would trigger warrant conversions, alter post-IPO transfer restrictions, or impact trust account distribution mechanics relative to the $10.14 per-share benchmark and the January 30, 2028 business combination deadline. Why it matters: This static disclosure confirms unchanging sponsor alignment during the searching phase and eliminates near-term uncertainty regarding leadership’s willingness to deploy personal capital or rotate out of position ahead of potential extensions or redemption windows. With the chairman/CEO and primary sponsor entity recording no activity, investors monitoring trust preservation should anticipate no dilutive secondary offerings or emergency liquidity draws before the 2028-01-30 cutoff. The document contains no claims regarding customers, revenue, market size, strategy, technology, partnerships, or litigation; it functions solely as a periodic equity posture snapshot.

What changed: Joint Filing Agreement attached to a Schedule 13G beneficial ownership report. The filing establishes a collective reporting arrangement for five affiliated vehicles: RP Investment Advisors LP, RP Select Opportunities Master Fund Ltd., RP Debt Opportunities Fund Ltd., RP Alternative Global Bond Fund, and RP Alternative Credit Opportunities Fund. The provided text contains only the signature and execution page; it omits the Schedule 13G disclosure statement, meaning no share counts, percentage stakes, acquisition dates, or change-in-possession metrics are presented. Accordingly, no adjustments to redemption mechanics, trust distribution triggers, extension voting windows, or combination deadlines are introduced. Why it matters: This is an administrative compliance instrument used to consolidate regulatory filings for affiliated funds holding identical economic interests. Richard Pilosof, Chief Executive Officer of RP Investment Advisors LP, signed on behalf of all five entities, confirming coordinated institutional positioning rather than signaling a leadership change, target acquisition, or sponsor realignment. Because the actual ownership schedule is absent from this excerpt, the document provides zero new intelligence on largeholder liquidity behavior ahead of the February 20, 2026 filing date, nor does it address warrant exercise conditions, PIPE pacing, or target search milestones. Tracking shareholders should wait for the complete Schedule 13G to evaluate whether these fixed income and credit-focused vehicles intend to participate in any future redemption or extension vote.

What changed: Exhibit 99.1 to a Schedule 13D: an Agreement of Joint Filing. This exhibit does not modify the SPAC’s redemption timeline, trust allocation, or merger pipeline. Paul Packer and United Acquisition SPAC LLC state in the executed agreement that they are jointly filing the underlying Schedule 13D for Class A ordinary shares, par value $0.0001 per share. The signatories specify that future Schedule 13D amendments may be filed on behalf of both parties without drafting new joint agreements, while each party separately remains responsible for the timeliness and completeness of their own disclosed information, except to the extent they know or have reason to believe the other’s information is inaccurate. Why it matters: As signed by Paul Packer acting as Managing Member of United Acquisition SPAC LLC, this procedural instrument consolidates the regulatory disclosure obligation for the sponsor group, allowing investors to track unified voting power and attribution responsibility during the active search window. The filing contains no assertions regarding customers, revenue, market size, strategic direction, technology, commercial partnerships, ongoing litigation, or executive changes. Because it is purely a compliance attachment, it carries no mechanical weight over the trust environment, the 2028-01-30 conversion deadline, or any pending business combination. Its sole function is to lock in cooperative reporting liability under Section 13(d) rules.

What changed: Form 8-K Current Report disclos­ing the close of a partial exercise of the underwriters’ over‑allotment option and the concurrent execution of additional private placement units and warrants for United Acquisition Corp. I. Per the Registrant’s Item 8.01 disclosure and Exhibit 99.1, the filing reports that on February 12, 2026, the Company issued 182,300 Option Units at $10.00 per Unit, generating $1,823,000 in gross proceeds. The filing also states the Company privately sold 457 units to Sponsor United Acquisition SPAC LLC, 1,823 units to underwriters, and 6,060 Private Placement Warrants to the Sponsor at $0.75 per warrant, yielding $27,345 in additional private placement proceeds. According to the pro forma unaudited balance sheet, $1,823,000 of net proceeds were deposited into the Trust Account, raising the cumulative Trust balance to $101,823,000. The Company reports Class A ordinary shares subject to possible redemption increased to 10,182,300 shares, with the exhibit assigning a redemption value of $10.00 per share. Regarding sponsor conduct and equity mechanics, the filing notes that 60,767 Class B ordinary shares (Founder Shares) were removed from forfeiture conditions, drawing from the 500,000 originally contingent on full over‑allotment exercise, out of the 3,833,333 founder shares recorded after a November 26, 2025 dividend. Underwriting compensation adjustments reported by the Company include a $27,345 cash discount paid immediately and a $63,805 deferred underwriting fee added to liabilities. The filing further states underwriters retain rights to purchase the remaining 1,317,700 Units within 45 days of the January 30, 2026 IPO date. Why it matters: This filing is a routine post‑IPO capital raise update rather than a signal of acquisition targeting, timeline modification, or sponsorship conflict. For redemption tracking, the Trust Account balance rose to $101,823,000 across 10,182,300 public Class A shares, with the exhibit explicitly maintaining a $10.00 per‑share redemption accounting floor; the actual distributable trust per share is not calculated by the filing. The release of 60,767 founder shares from forfeiture finalizes a portion of sponsor dilution geometry without altering the publicly stated January 30, 2026 IPO effectiveness or the original 2028‑01‑30 business combination deadline. Liability posture for redemption modeling is clarified through the reported $27,345 upfront and $63,805 deferred underwriter fees. The document contains no statements regarding target selection, customer contracts, revenue streams, market sizing, technology roadmaps, strategic partnerships, executive commentary, or litigation. If the remaining 1,317,700‑unit option is exercised, additional trust capital would follow per the Company’s stated pricing; if abandoned, the capital structure stabilizes at the reported levels. Consequently, the filing adjusts the baseline trust and share count mechanics but introduces no new contractual terms, extension triggers, or deal momentum indicators.

What changed: A Current Report on Form 8-K (routine compliance exhibit) documenting post-offering settlement actions, trust account funding, and security trading adjustments. According to the filing, on January 30, 2026, the Company consummated its initial public offering of 10,000,000 Units at $10.00 per Unit, generating $100,000,000 in gross proceeds. Effective February 12, 2026, the underwriters partially exercised their over-allotment option, resulting in the issuance of 182,300 additional Units at $10.00 per Unit. Simultaneously, the Company closed a supplemental private placement of 2,280 Additional Private Placement Units to the sponsor and underwriters at $10.00 per unit, and privately sold 6,060 Additional Private Placement Warrants to the sponsor at $0.75 per warrant, yielding $27,345 in gross proceeds. The Company confirmed that $101,823,000 in net proceeds ($100,295,655 from the public offering and $1,527,345 from the private placement) was deposited into a trust account for the benefit of public shareholders, with Continental Stock Transfer & Trust Company acting as trustee. Commencing February 18, 2026, holders may elect to separately trade the Class A ordinary shares (“UAC”) and warrants (“UACW”); the Company stated that no fractional warrants will be issued and only whole warrants will trade upon separation. Why it matters: This filing finalizes the capital raise and trust funding prior to the January 30, 2028 redemption deadline, establishing the precise $101,823,000 trust balance that sets the baseline for shareholder redemption value and merger financing capacity. The linked over-allotment exercise and private placement confirm standard capital mechanics without altering extension triggers, sponsor concession structures, or redemption timelines. Regarding non-mechanical substance, the accompanying press release attributes to the management team an intention to primarily focus target sourcing on private companies that cannot currently gain access to public capital, referencing the registrant’s Standard Industrial Classification 6770 and Organizational Name 05 Real Estate & Construction. The report was executed by Chief Executive Officer Paul Packer on February 13, 2026. The document discloses no active litigation, customer relationships, revenue figures, market size projections, technology platforms, partnership agreements, or definitive merger progress.

What changed: Form 4 — insider ownership report. According to the Form 4 filing, reporting persons United Acquisition SPAC LLC and Paul Packer (director, CEO, CFO, Chairman, and 10% owner) executed an open-market purchase on 2026-02-12 for 457 shares at $10, resulting in Packer’s reported post-transaction holding of 175,457 securities. The document does not amend, reference, or otherwise alter the tracked $10.14 trust per share, the 2028-01-30 redemption deadline, or the SEARCHING operational status. No additional claims regarding customer contracts, revenue metrics, market sizing, strategic direction, technology assets, partnership arrangements, active litigation, or personnel changes were disclosed in the filing. Why it matters: The disclosed transaction reflects sponsor and senior management capital deployment at prevailing market prices, signaling operational continuity during the target-search phase. However, the 457-share volume is too small to materially shift sponsor ownership concentration, affect proxy vote weightings, or impact daily redemptions against the reported trust balance. For investors tracking expiration windows, trust preservation, and merger execution cadence, the filing confirms unchanged mechanical parameters and provides no advance indicators regarding extension proposals, voting thresholds, or deal progression.

What changed: Form 8-K current report under Section 13(a) or 15(d) of the Securities Exchange Act of 1934 announcing the consummation of United Acquisition Corp. I’s initial public offering and contemporaneous private placements, accompanied by Exhibit 99.1 (an audited balance sheet dated January 30, 2026) and an independent auditor’s opinion from WithumSmith+Brown, PC. According to the Item 8.01 filing narrative and Exhibit 99.1 notes, the company successfully closed its IPO of 10,000,000 Units at $10.00 per Unit on January 30, 2026, generating $100,000,000 in gross proceeds. Simultaneously, the Sponsor (United Acquisition SPAC LLC) purchased 175,000 Private Placement Units and 2,333,333 Private Placement Warrants at $0.75 each, while the underwriters (Lucid Capital Markets, LLC and Chardan Capital Markets, LLC) bought 100,000 Private Placement Units, producing $4,500,000 in additional gross proceeds. The filing states that $100,000,000 was deposited into a trust account overseen by Continental Stock Transfer and Trust Company, establishing an initial redemption value of $10.00 per public share. Management disclosed that the entity is bound to a 24-month period from January 30, 2026 to finalize a business combination, after which it must cease operations and redeem all outstanding public shares. Underwriters retain a 45-day over-allotment option to acquire 1,500,000 additional Units, which remains unexercised as of the report date. Why it matters: This filing permanently establishes the mechanical framework governing public shareholder economics, redemptions, and potential terminations. As detailed in the exhibit notes, the $100,000,000 trust begins at $10.00 per share, with distributions restricted to the lesser of $500,000 or 5% of accumulated interest for permitted working capital and tax withdrawals. Upon a proposed business combination, public shareholders hold the right to redeem shares for cash equal to their pro rata trust entitlement plus net interest, or opt out via tender offer; if the 24-month window lapses, the document dictates a mandatory full redemption at the pro rata trust balance. Per the transaction cost breakdown in Exhibit 99.1, the company absorbed $5,536,580 in offering costs, consisting of a $1,500,000 cash underwriting fee, a $3,500,000 deferred underwriting commission due exclusively upon combination completion, and $536,580 in miscellaneous costs. Related-party disclosures confirm the Sponsor receives a $20,000 monthly administrative fee and irrevocably waives redemption and liquidation rights for its founder shares. Management stated its investment thesis targets companies operating in the energy and power industries. As printed on the cover page, public trading instruments carry the ticker symbols UAC (ordinary shares), UACU (units), and UACW (warrants) on NYSE American LLC. The audited balance sheet records $2,468,650 in non-trust cash and a working capital surplus of $2,291,885, corroborating management’s assertion that current liquidity satisfies operational runway requirements for one year. Additionally, officers and directors retain access to a $1,500,000 unsecured working capital loan facility convertable at $10.00 per unit.

What changed: A Joint Filing Agreement (Exhibit A) attached to a Schedule 13G beneficial ownership report, dated February 5, 2026. The submitted text discloses only the signatories' agreement to file one Schedule 13G on behalf of Harraden Circle Investments, LLC; Harraden Circle Investors GP, LP; Harraden Circle Investors GP, LLC; Harraden Circle Investors, LP; Harraden Circle Special Opportunities, LP; Harraden Circle Strategic Investments, LP; Harraden Circle Concentrated, LP; and Frederick V. Fortmiller, Jr. According to the agreement executed by Frederick V. Fortmiller, Jr. in his capacity as Managing Member, the document contains no share counts, percentage ownership figures, transaction dates, or stated investment purposes. Consequently, the filing reports zero updates against the January 30, 2028 redemption deadline, the $10.14 per-share trust balance, any proposed timeline extensions, target business development, or sponsor conduct. Why it matters: As drafted by the listed Harraden Circle vehicles and Mr. Fortmiller, the Joint Filing Agreement legally consolidates their disclosure obligations into a single Schedule 13G under Rule 13d-1(k) of the 1934 Act. For investors monitoring a SEARCHING-phase SPAC, this structure signals coordinated beneficial ownership that may aggregate voting weight or affect liquidity dynamics once a business combination is announced. Because the accompanying Schedule 13G body detailing unit quantities, acquisition intent, and prior holdings is omitted, the precise capital footprint, redemption probability, or influence on extension votes cannot be quantified from this excerpt. The filing functions procedurally rather than operationally until the complete form is published.