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[8-K] FutureCrest Acquisition Corp. Reports Material Event

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

FutureCrest Acquisition Corp. (FCRS) closed its IPO, selling 28,750,000 units at $10.00 per unit, including 3,750,000 from the underwriters’ over-allotment, for $287,500,000 in gross proceeds. Each unit includes one Class A ordinary share and one-quarter of one redeemable warrant; each whole warrant is exercisable at $11.50 per share.

Concurrently, the company completed a private placement of 3,500,000 warrants at $2.00 each for $7,000,000 in gross proceeds, with 2,250,000 sold to the sponsor and 1,250,000 to Cantor Fitzgerald & Co. A total of $287,500,000 (including a deferred underwriting discount of $12,250,000) was placed in a U.S.-based trust account maintained by Continental Stock Transfer & Trust Company.

An audited balance sheet as of September 29, 2025 reflecting these proceeds is included as Exhibit 99.1.

Positive
  • None.
Negative
  • None.

Insights

Standard SPAC IPO close with funds placed in trust.

FutureCrest Acquisition Corp. completed a typical SPAC IPO structure: 28.75M units at $10.00 for $287.5M gross, plus a concurrent private placement of 3.5M warrants at $2.00 for $7.0M. Each whole warrant is exercisable at $11.50 per share, consistent with market convention.

Proceeds of $287.5M, including a deferred underwriting discount of $12.25M, were deposited into a trust account on September 29, 2025. This structure preserves capital for a future business combination; actual deployment depends on subsequent shareholder actions and deal execution.

The near-term focus is administrative: trust maintenance and financial reporting (Exhibit 99.1 provides the audited balance sheet as of September 29, 2025). Subsequent filings may outline any proposed business combination and related redemptions and financing terms.

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported): September 29, 2025

 

FutureCrest Acquisition Corp.

(Exact name of registrant as specified in its charter)

 

Cayman Islands   001-42867   98-1871328
(State or other jurisdiction
of incorporation)
  (Commission File Number)   (IRS Employer
Identification No.)

 

150 East 52nd Street, 3rd Floor    
New York, NY   10022
(Address of principal executive offices)   (Zip Code)

 

Registrant’s telephone number, including area code: (732) 698-8220

 

Not Applicable

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Units, each consisting of one Class A ordinary share and one-quarter of one redeemable warrant   FCRS.U   The New York Stock Exchange
Class A ordinary shares, par value $0.0001 per share   FCRS   The New York Stock Exchange
Redeemable warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50 per share   FCRS WS   The New York Stock Exchange

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

 

 

 

 

 

Item 8.01 Other Events. 

 

On September 29, 2025, FutureCrest Acquisition Corp. (the “Company”) consummated its initial public offering (the “IPO”) of 28,750,000 units (the “Units”), including 3,750,000 Units issued pursuant to the full exercise by the underwriters of their over-allotment option. Each Unit consists of one Class A ordinary share of the Company, par value $0.0001 per share (the “Class A Ordinary Shares”), and one-quarter of one redeemable warrant of the Company (each whole warrant, a “Warrant”), with each whole Warrant entitling the holder thereof to purchase one Class A Ordinary Share for $11.50 per share. The Units were sold at a price of $10.00 per Unit, generating gross proceeds to the Company of $287,500,000.

 

Simultaneously with the closing of the IPO, the Company completed the private sale (the “Private Placement”) of an aggregate of 3,500,000 warrants (the “Private Placement Warrants”), with each Private Placement Warrant exercisable to purchase one Class A Ordinary Share at $11.50 per share. Of the 3,500,000 Private Placement Warrants, 2,250,000 Private Placement Warrants were sold to FutureCrest Acquisition Sponsor LLC, the Company’s sponsor, and 1,250,000 Private Placement Warrants were sold to Cantor Fitzgerald & Co., the representative of the underwriters in the IPO, in each case at a purchase price of $2.00 per Private Placement Warrant, generating gross proceeds to the Company of $7,000,000.

 

A total of $287,500,000, or $10.00 per Unit, comprised of the net proceeds from the IPO (which amount includes the underwriter’s deferred discount of $12,250,000) and the sale of the Private Placement Warrants, was placed in a U.S.-based trust account maintained by Continental Stock Transfer & Trust Company, acting as trustee.

 

An audited balance sheet as of September 29, 2025, reflecting the receipt of the proceeds from the IPO and the Private Placement has been issued by the Company and is included as Exhibit 99.1 to this Current Report on Form 8-K.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits

 

Exhibit No.   Description
99.1   Audited Balance Sheet as of September 29, 2025.
104   Cover Page Interactive Data File (embedded within the Inline XBRL document).

 

 1

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  FutureCrest Acquisition Corp.
     
Date: October 3, 2025 By: /s/ Chi Tsang
    Name:  Chi Tsang
    Title: Chief Financial Officer

 

 

2

 

 

FAQ

What did FutureCrest Acquisition Corp. (FCRS) announce?

The company closed its IPO of 28,750,000 units at $10.00 per unit for $287,500,000 in gross proceeds and completed a private placement of 3,500,000 warrants.

What is included in each FCRS unit and how do the warrants work?

Each unit includes one Class A ordinary share and one-quarter of one redeemable warrant. Each whole warrant is exercisable at $11.50 per share.

How much money was placed in the trust account for FCRS?

A total of $287,500,000, including a $12,250,000 deferred underwriting discount, was deposited into a U.S.-based trust account.

Who purchased the private placement warrants for FCRS and how many?

2,250,000 warrants were sold to the sponsor and 1,250,000 to Cantor Fitzgerald & Co., totaling 3,500,000 warrants at $2.00 each.

Where can I find the financial details of FCRS after the IPO close?

An audited balance sheet as of September 29, 2025 reflecting the proceeds is included as Exhibit 99.1.

What are FCRS’s trading symbols on the NYSE?

Units trade as FCRS.U, Class A ordinary shares as FCRS, and redeemable warrants as FCRS WS.
FutureCrest Acquisition Corp

NYSE:FCRS

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