FortuneX Acquisition Corporation Announces Separate Trading of its Ordinary Shares and Warrants

Rhea-AI Summary

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.

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In the Jul 1 session, FXACU gained 0.10%, reflecting a mild positive market reaction.

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NEW YORK, July 01, 2026 (GLOBE NEWSWIRE) -- FortuneX Acquisition Corporation (Nasdaq: FXACU) (the “Company”), a Cayman Islands exempted company, announced that holders of the Company's units sold in its initial public offering may elect to separately trade the ordinary shares and warrants included in the units, commencing on or about July 1, 2026.

Any units not separated will continue to trade on the Nasdaq Global Market under the symbol “FXACU” and the separated ordinary shares and warrants are expected to trade under the symbols “FXAC” and “FXACW,” respectively. Only whole warrants will trade, and no fractional warrants will be issued upon separation of the units. Holders of units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company's transfer agent, in order to separate the units into ordinary shares and warrants.

Each unit consists of one ordinary share and one redeemable warrant, with each whole warrant entitling the holder thereof to purchase one ordinary share at an exercise price of $11.50 per share, subject to adjustment as described in the Company's prospectus.

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 offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About FortuneX Acquisition Corporation

FortuneX Acquisition Corporation is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company’s efforts to identify a prospective target business will not be limited to a particular industry or geographic region.

Forward-Looking Statements

This press release includes forward-looking statements that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.

Contact

Daniel M. McCabe

FortuneX Acquisition Corporation

Chief Executive Officer

(212) 612-1400

FAQ

What did FortuneX Acquisition (Nasdaq: FXACU) announce about separate trading of its units?

FortuneX Acquisition announced that investors can begin separately trading the ordinary shares and warrants included in FXACU units from around July 1, 2026. According to the company, the separated shares will trade as FXAC and the warrants as FXACW on the Nasdaq Global Market.

When does separate trading of FortuneX Acquisition (FXACU) ordinary shares and warrants begin?

Separate trading of FortuneX Acquisition’s ordinary shares and warrants is expected to begin on or about July 1, 2026. According to the company, investors may then choose to trade units as FXACU or trade the separated shares as FXAC and warrants as FXACW on Nasdaq.

What symbols will FortuneX Acquisition (FXACU) shares and warrants trade under after unit separation?

After separation, FortuneX Acquisition’s ordinary shares are expected to trade under the symbol FXAC and the warrants under FXACW. According to the company, any units not separated will continue to trade on the Nasdaq Global Market under the existing FXACU ticker symbol.

How can holders of FortuneX Acquisition (FXACU) units separate them into shares and warrants?

Holders of FXACU units must have their brokers contact Continental Stock Transfer & Trust Company, the transfer agent, to separate units into ordinary shares and warrants. According to the company, only whole warrants will be issued and traded once separation occurs.

What are the warrant terms for FortuneX Acquisition (FXACU) units?

Each FXACU unit includes one redeemable warrant, and each whole warrant entitles the holder to buy one ordinary share at an exercise price of $11.50 per share. According to the company, this exercise price is subject to adjustment under terms described in its prospectus.

Are fractional warrants issued when FortuneX Acquisition (FXACU) units are separated?

Fractional warrants will not be issued when FXACU units are separated into ordinary shares and warrants. According to the company, only whole warrants will trade on the Nasdaq Global Market under the FXACW ticker once investors elect to separate their units.