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FIGX Capital Acquisition Corp. announced that holders of its public Units — each consisting of one Class A ordinary share and one-half of one warrant — may elect to separate those Units so the underlying Class A Ordinary Shares and Warrants trade independently. The Company stated that, commencing on August 18, 2025, the Class A Ordinary Shares and the Warrants are expected to trade on the Nasdaq Global Market under the symbols FIGX and FIGXW, respectively. Only whole Warrants will trade and no fractional Warrants will be issued upon separation.
Holders seeking separation must have their brokers contact the transfer agent, Continental Stock Transfer & Trust Company. Each whole Warrant entitles the holder to purchase one Class A Ordinary Share at an exercise price of $11.50 per share. The filing lists a press release as an exhibit and reflects this procedural change for Units.
FIGX Capital Acquisition Corp. Schedule 13G discloses that Meteora Capital, LLC and Vik Mittal report beneficial ownership of 1,000,000 Class A common shares, representing 6.45% of the class. The filing states the Reporting Persons have shared voting power of 1,000,000 shares and shared dispositive power of 1,000,000 shares, with no sole voting or dispositive power.
The filing also includes a certification that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer. Meteora Capital is identified as a Delaware limited liability company and Vik Mittal as a U.S. citizen.
FIGX Capital Acquisition Corp. completed its Initial Public Offering on June 30, 2025, selling 15,065,000 Units at $10.00 each and placing $150,650,000 into a U.S. trust invested in short‑term U.S. Treasury obligations. Simultaneously the Sponsor and Cantor purchased 443,470 Private Placement Units for $4,434,700. The Company recorded transaction costs of $9,575,365 (including a deferred underwriting fee of $6,419,000).
The Company is a newly formed SPAC with no operating revenues and a net loss of $279,156 for the period from inception through June 30, 2025 (share‑based compensation of $164,499; formation and G&A costs of $114,657). The balance sheet shows $150,650,000 in the Trust Account, Class A ordinary shares subject to redemption of 15,065,000 shares at $10.00 per share, a shareholders' deficit of $(5,230,322), due from Sponsor of $1,754,055, and a related‑party promissory note balance of $164,210. The Company has a 24‑month Combination Period (to June 30, 2027) to effect a business combination.
FIGX Capital Acquisition Corp. is a Cayman Islands blank check company formed on February 20, 2025 to pursue a business combination focused on the financial and business services sector. Through March 31, 2025 the company had not commenced operations and reported a net loss of $30,298, total assets of $46,577 (deferred offering costs) and a shareholders' deficit of $(5,298). The Sponsor contributed $25,000 for 3,877,118 Class B Founder Shares and had provided short-term funding via an IPO promissory note of $18,840 as of March 31, 2025.
Subsequent event: on June 30, 2025 the company completed its IPO of 15,065,000 Public Units at $10.00 per unit (including full over-allotment), generating gross proceeds of $150,650,000; a simultaneous private placement of 443,470 units raised $4,434,700. Proceeds of $150,650,000 were deposited in a Trust Account invested in short-term U.S. government obligations. Transaction costs totaled $9,575,365, including a cash underwriting fee of $2,620,000 and a deferred underwriting fee of $6,419,000 payable upon a business combination.
The Form 3 filed on 06/26/2025 discloses the initial statement of beneficial ownership for Russell Read, who has been designated a Director of FIGX Capital Acquisition Corp. (symbol FIGXU). The filing indicates that no non-derivative or derivative securities are currently owned by the reporting person, either directly or indirectly. Because Form 3 is a baseline disclosure required within 10 days of becoming an insider, this document mainly establishes Read’s reporting obligations under Section 16(a) without signalling any immediate insider buying or selling activity. The absence of share ownership suggests there is no direct alignment of economic interest at this time, and the filing contains no other transactions, option grants, or compensatory equity details that could materially influence valuation or governance considerations.
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