Andrew Redleaf - 22 Jan 2026 Form 4 Insider Report for X3 Acquisition Corp. Ltd. (XCBE)

Role: Chairman and CEO, Director, 10%+ Owner
Signature: /s/ Andrew Redleaf
Issuer symbol: XCBE
Transactions as of: 22 Jan 2026
Net transactions value: $0
Form type: 4
Filing time: 22 Jan 2026, 16:30:14 UTC
Previous filing: 21 Jan 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
REDLEAF ANDREW	Chairman and CEO, Director, 10%+ Owner	3033 EXCELSIOR BLVD, SUITE 343, MINNEAPOLIS	/s/ Andrew Redleaf	22 Jan 2026	0001137294

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	XCBE	Warrants to purchase Class A Ordinary Shares	Purchase		+5,000,000			5,000,000	22 Jan 2026	Class A Ordinary Shares	5,000,000	$11.50	See Footnote	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Reflects the 5,000,000 warrants owned by X3 Acquisition Management LLC, the Issuer's sponsor (the "Sponsor"). Each warrant entitles the holder thereof to purchase one Class A ordinary share for $11.50 per share, subject to adjustment. The warrants were purchased pursuant to a Private Placement Warrants Purchase Agreement, dated January 20, 2026, by and between the Sponsor and the Issuer, at $1.00 per warrant for an aggregate purchase price of $5,000,000. Andrew Redleaf is the authorized person of X Cubed Capital Management LLC, the managing member of the Sponsor and holds voting and investment discretion with respect to the securities held of record by the Sponsor. Mr. Redleaf disclaims any beneficial ownership of the securities held by the Sponsor other than to the extent of any pecuniary interest he may have therein, directly or indirectly.
F2	The warrants will become exercisable 30 days after the completion of the Issuer's initial business combination and will expire five years after the completion of the initial business combination or earlier upon redemption or liquidation.

Content

Reflects the 5,000,000 warrants owned by X3 Acquisition Management LLC, the Issuer's sponsor (the "Sponsor"). Each warrant entitles the holder thereof to purchase one Class A ordinary share for $11.50 per share, subject to adjustment. The warrants were purchased pursuant to a Private Placement Warrants Purchase Agreement, dated January 20, 2026, by and between the Sponsor and the Issuer, at $1.00 per warrant for an aggregate purchase price of $5,000,000. Andrew Redleaf is the authorized person of X Cubed Capital Management LLC, the managing member of the Sponsor and holds voting and investment discretion with respect to the securities held of record by the Sponsor. Mr. Redleaf disclaims any beneficial ownership of the securities held by the Sponsor other than to the extent of any pecuniary interest he may have therein, directly or indirectly.

The warrants will become exercisable 30 days after the completion of the Issuer's initial business combination and will expire five years after the completion of the initial business combination or earlier upon redemption or liquidation.