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

Rhea-AI Summary

FutureCrest Acquisition Corp (NYSE:FCRS) has announced the pricing of its $250 million initial public offering, consisting of 25 million units at $10.00 per unit. Each unit includes one Class A ordinary share and one-quarter of one redeemable warrant, with each whole warrant allowing the purchase of one Class A share at $11.50.

The units will trade on the NYSE under "FCRS.U", with the shares and warrants later trading separately as "FCRS" and "FCRS WS". The SPAC has granted underwriters a 45-day option to purchase up to 3.75 million additional units to cover over-allotments. Trading begins September 26, 2025, with closing expected September 29, 2025.

Led by CEO Thomas J. Lee and CFO Chi Tsang, the blank check company aims to target businesses in AI, digital assets, fintech, infrastructure, robotics and communications industries. Cantor Fitzgerald & Co. serves as the sole book-running manager.

Positive

• IPO raises substantial capital of $250 million with potential for additional $37.5 million through over-allotment option
• Management team includes experienced industry leaders in technology and finance sectors
• Strategic focus on high-growth sectors including AI, fintech, and digital assets
• Partnership with prominent underwriter Cantor Fitzgerald & Co.

Negative

• No specific acquisition target identified yet
• Investors face uncertainty until business combination is completed
• Time-limited structure requires completing acquisition within specified timeframe
• Warrant dilution potential for shareholders upon exercise

Insights

SPAC Investment Specialist

FutureCrest raises $250M through SPAC IPO, targeting opportunities in tech sectors with experienced leadership team at the helm.

FutureCrest Acquisition Corp. has successfully priced its $250 million initial public offering, selling 25 million units at $10.00 each. This blank check company, commonly known as a SPAC (Special Purpose Acquisition Company), will begin trading on the NYSE under the ticker symbol "FCRS.U" starting September 26.

The structure follows the standard SPAC format: each unit contains one Class A ordinary share and a quarter of a redeemable warrant (with whole warrants allowing purchase of additional shares at $11.50). The $250 million raised will be placed in a trust account while management seeks an acquisition target.

What's particularly noteworthy is FutureCrest's declared focus on high-growth technology sectors - specifically AI, digital assets, fintech, infrastructure, robotics, and communications. These areas have seen substantial investor interest despite recent market volatility.

The management team brings significant experience to the table. CEO Thomas J. Lee and CFO Chi Tsang are supported by a board including Eric Semler, Seth Ginns, Sam Englebardt, and David E. Sharbutt - collectively representing expertise that will be crucial for target identification and deal execution.

Cantor Fitzgerald, a well-established investment bank with extensive SPAC experience, is serving as the sole book-running manager. The underwriters have a 45-day option to purchase up to an additional 3.75 million units, which could potentially increase the total capital raised to $287.5 million.

For investors, this represents a standard SPAC opportunity with the typical $10.00 entry point. As with all SPACs, the ultimate value will depend entirely on management's ability to identify and successfully merge with an attractive target company within the required timeframe.

NEW YORK, Sept. 26, 2025 /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 59^th Street, New York, New York 10022, or by email at prospectus@cantor.com, 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.

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SOURCE FutureCrest Acquisition Corp.

FAQ

What is the IPO price for FutureCrest Acquisition Corp (FCRS) units?

FutureCrest Acquisition Corp units are priced at $10.00 per unit, with each unit consisting of one Class A ordinary share and one-quarter of one redeemable warrant.

When will FCRS begin trading on the NYSE?

FCRS units will begin trading on the New York Stock Exchange on September 26, 2025 under the symbol 'FCRS.U'.

What industries is FutureCrest Acquisition Corp targeting for acquisition?

FutureCrest is focusing on targets in the AI, digital assets, fintech, infrastructure, robotics and communications industries.

Who is leading the FutureCrest Acquisition Corp management team?

The company is led by Thomas J. Lee as CEO and Director, and Chi Tsang as CFO and Director.

How much capital is FutureCrest Acquisition Corp raising in its IPO?

FutureCrest is raising $250 million through its IPO, with an option for underwriters to purchase up to an additional $37.5 million in units to cover over-allotments.

What is the structure of FCRS units and warrants?

Each unit contains one Class A ordinary share and one-quarter of one redeemable warrant. Each whole warrant allows purchase of one Class A share at $11.50.