FutureCrest Acquisition Corp. Prices $250 Million IPO
FutureCrest Acquisition Corp. has announced the pricing of its initial public offering (IPO) at $250 million, according to a press release. The offering consists of 25,000,000 units priced at $10.00 each, and trading is expected to commence on the New York Stock Exchange (NYSE) under the ticker symbol 'FCRS.U' on September 26, 2025. Each unit includes one Class A ordinary share and one-quarter of a redeemable warrant, with each whole warrant allowing the purchase of one Class A ordinary share at $11.50.
The IPO is anticipated to close on September 29, 2025, subject to customary conditions. FutureCrest, a blank check company, aims to pursue acquisitions in sectors such as AI, digital assets, and fintech. The company's management team is led by CEO Thomas J. Lee and CFO Chi Tsang. Cantor Fitzgerald & Co. is acting as the sole book-running manager for the offering.
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