FortuneX Acquisition Corporation (FXACU) and WT Realty Group entered into a definitive business combination agreement on September 18, 2026. FortuneX will domesticate from the Cayman Islands to Delaware and is intended to become FortuneX Realty Group Holdings, whose Class A common stock is expected to list on the Nasdaq Stock Market. A FortuneX subsidiary will merge into WT Realty, leaving WT Realty as a wholly owned subsidiary of the new public holding company.
The business combination agreement provides aggregate merger consideration of 60,000,000 PubCo shares, implying an equity value of approximately $600,000,000 based on a $10.00 per share reference price. The parties expect the transaction to close in the first quarter of 2027, subject to shareholder approvals, SEC registration statement effectiveness, Nasdaq listing approval, and other customary closing conditions.
FortuneX Acquisition Corporation (Nasdaq: FXACU) announced that, starting on or about July 1, 2026, holders of units from its IPO may separately trade the included ordinary shares and warrants. Units will keep trading as FXACU, while separated securities are expected to trade as FXAC (shares) and FXACW (warrants).
Each unit includes one ordinary share and one redeemable warrant. Each whole warrant allows purchase of one ordinary share at an exercise price of $11.50, subject to adjustment. Only whole warrants will trade, and brokers must contact the transfer agent to split units.
FortuneX Acquisition Corporation (Nasdaq: FXACU) announced that underwriters exercised their over-allotment option to buy an additional 1,125,000 units at $10.00 per unit, increasing total units sold to 8,625,000.
Each unit includes one ordinary share and one-half redeemable warrant exercisable at $11.50 per share.
FortuneX Acquisition Corp (Nasdaq: FXACU) closed its initial public offering of 7,500,000 units at $10.00 per unit. Underwriters received a 45-day option to buy up to 1,125,000 additional units at the IPO price to cover over-allotments.
The units began trading on Nasdaq Global Market on May 22, 2026 under ticker FXACU. Each unit includes one ordinary share and one-half redeemable warrant, with each whole warrant exercisable at $11.50 per share.