StockNews.AI
FIGXU
StockNews.AI
54 days

FIGX Capital Acquisition Corp. Announces the Pricing of $131,000,000 Initial Public Offering

1. FIGXU's IPO consists of 13,100,000 units at $10 each. 2. Units are expected to trade on Nasdaq starting June 27, 2025. 3. Each unit includes one Class A share and half a warrant. 4. Offering closing date is June 30, 2025, subject to conditions. 5. Focus on financial firms for potential acquisitions is outlined.

M&A
0%Current Return
VS
+0.5%S&P 500
$006/26 07:19 PM EDTEvent Start
$1006/28 01:21 AM EDTLatest Updated
6m saved
Insight
Article

FAQ

Why Very Bullish?

The pricing of FIGXU’s IPO suggests strong initial interest, signaling confidence and demand. Historically, successful IPO launches result in price appreciation for newly public companies.

How important is it?

The IPO of FIGXU represents a significant capital event that could influence market perception and pricing, especially given the focus on the financial sector. Its successful execution will likely attract additional investor interest in FIGX's future performance.

Why Short Term?

The initial trading phase post-IPO typically drives immediate price movements due to investor sentiment and market dynamics. For instance, companies like Rocket Companies saw substantial price fluctuations shortly after their IPO.

Related Companies

FIGXFIGXW
June 26, 2025 19:00 ET  | Source: FIGX Capital Acquisition Corp. Tiburon, CA, June 26, 2025 (GLOBE NEWSWIRE) -- FIGX Capital Acquisition Corp. (the “Company”) announced today the pricing of its initial public offering of 13,100,000 units. The units are expected to be listed on The Nasdaq Global Stock Market LLC (“Nasdaq”) and begin trading tomorrow, June 27, 2025, under the ticker symbol “FIGXU.” Each unit consists of one Class A ordinary share and one-half of one redeemable warrant, each whole warrant entitling the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share, subject to certain adjustments. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. An amount equal to $10.00 per unit will be deposited into a trust account upon the closing of the offering. Once the securities constituting the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on Nasdaq under the symbols “FIGX” and “FIGXW,” respectively. The offering is expected to close on June 30, 2025, subject to customary closing conditions. The Company has granted the underwriters a 45-day option to purchase up to an additional 1,965,000 units at the initial public offering price to cover over-allotments, if any. The Company is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company currently intends to concentrate its efforts in identifying businesses in the financial industry group (FIG Sector), with a focus on differentiated private wealth/asset managers positioned to become multi-asset fund managers with diversified distribution channels and global market presence, however, it may pursue an acquisition opportunity in any business or industry or at any stage of its corporate evolution. The Company’s management team is led by Lou Gerken, Chief Executive Officer and Chairman, and Jide James Zeitlin, Vice Chairman of the Board of Directors (the “Board”), and Mike Rollins, its Chief Financial Officer. The Board also includes Dr. Russel Read, Real Desrochers and Pierre Sauvagnat. Cantor Fitzgerald & Co. is acting as sole book-running manager for the offering. The offering is being made only by means of a prospectus. When available, copies of the prospectus may be obtained from Cantor Fitzgerald & Co., Attention: Capital Markets, 499 Park Avenue, 5th Floor New York, New York 10022, or by email at prospectus@cantor.com. A registration statement relating to the securities has been filed with the U.S. Securities and Exchange Commission (“SEC”) and became effective on June 26, 2025. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Forward-Looking Statements This press release contains statements that constitute “forward-looking statements,” including with respect to the proposed initial public offering and search for an initial business combination. No assurance can be given that the offering discussed above will be completed on the terms described, or at all. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the “Risk Factors” section of the Company’s registration statement and prospectus for the Company’s initial public offering filed with the SEC. Copies of these documents are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law. Investor Contacts FIGX Capital Acquisition Corp. Louis Gerkenlou@gerkencapital.com(415) 383 -1464

Related News