StockNews.AI
FCRS
StockNews.AI
4 hrs

FutureCrest Acquisition Corp. Announces the Pricing of $250,000,000 Initial Public Offering

1. FutureCrest is pricing IPO at $10 per unit for 25M units. 2. Units will trade on NYSE starting September 26, 2025, as FCRS.U. 3. Each unit consists of one share and a quarter warrant. 4. Fund raised will be used for future mergers in diverse sectors. 5. Management team has significant industry experience across various sectors.

6m saved
Insight
Article

FAQ

Why Bullish?

The IPO pricing suggests initial investor confidence. Historical SPACs often see strong first-day trading, raising prospects.

How important is it?

The IPO represents a new investment opportunity, potentially attracting investor interest towards FCRS.

Why Short Term?

The upcoming IPO and trading start may impact prices imminently. Market response typically occurs close to trading dates.

Related Companies

SPACKCGCETF
, /PRNewswire/ -- FutureCrest Acquisition Corp. (the "Company") announced today the pricing of its initial public offering of 25,000,000 units at a price of $10.00 per unit. The units are expected to be listed on The New York Stock Exchange ("NYSE") and begin trading on September 26, 2025, under the ticker symbol "FCRS.U." Each unit consists of one Class A ordinary share and one-quarter 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 NYSE under the symbols "FCRS" and "FCRS WS," respectively. The offering is expected to close on September 29, 2025, subject to customary closing conditions. The Company has granted the underwriters a 45-day option to purchase up to an additional 3,750,000 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 may pursue an acquisition opportunity in any business or industry but expects to focus on a target in the AI, digital assets, fintech, infrastructure, robotics and communications industries. The Company's management team is led by Thomas J. Lee, the Chief Executive Officer and Director, and Chi Tsang, its Chief Financial Officer and Director. The Board of Directors also includes Eric Semler, Seth Ginns, Sam Englebardt and David E. Sharbutt. 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, 110 East 59th Street, New York, New York 10022, or by email at [email protected], or by accessing the SEC's website, www.sec.gov. A registration statement relating to the securities has been filed with the U.S. Securities and Exchange Commission ("SEC") and became effective on September 25, 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 expected closing of 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. SOURCE FutureCrest Acquisition Corp. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

Related News