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FutureCorp Space Acquisition 1 (NYSE:FTRAU) closed its $230,000,000 initial public offering of 23,000,000 units at $10.00 per unit, including full over-allotment. Each unit has one Class A share and one-half redeemable warrant exercisable at $11.50 per share.
$230,000,000 (or $10.00 per unit) was placed in trust. The blank check company targets business combinations in the global space economy and adjacent sectors. Units trade as FTRAU; shares and warrants are expected to trade as FTRA and FTRAW.
FutureCorp, a new investment firm, launched to connect frontier economies with public investors. It plans SPACs and publicly traded funds focused on late-stage private companies.
The first vehicle, FutureCorp Space Acquisition 1 (NYSE:FTRA), priced a 20,000,000-unit IPO at $10 each, raising $200 million and begins trading on the NYSE, operated by Intercontinental Exchange (NYSE:ICE). FTRA targets companies in the global industrial space economy, including space manufacturing, in-orbit services, computing, telecommunications, Earth observation, and defense-related activities. The leadership team includes alumni of SpaceX, Palantir, Surf Air, Anuvu, and NYSE.
FutureCorp Space Acquisition 1 (NYSE:FTRAU) priced its $200 million IPO of 20,000,000 units at $10.00 per unit. Trading of units on NYSE under FTRAU is expected to begin June 5, 2026, with shares and warrants to trade as FTRA and FTRAW.
Each unit includes one Class A share and half a redeemable warrant (full warrant exercisable at $11.50). $10.00 per unit will be deposited into a trust. The SPAC targets businesses in the global space economy.