STOCK TITAN

FIGX Units Split Enabled: FIGX Shares and FIGXW Warrants Listed

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

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.

Positive

  • Holders may elect to separate Units, enabling independent trading of Class A shares and Warrants
  • Trading symbols confirmed for the underlying securities: FIGX (shares) and FIGXW (warrants)
  • Warrant exercise price disclosed at $11.50 per share
  • Transfer agent identified (Continental Stock Transfer & Trust Company) and clear broker instruction process provided
  • No fractional Warrants will be issued, clarifying settlement mechanics

Negative

  • None.

Insights

TL;DR: The filing notifies investors that Units can be split so shares and warrants trade separately; this is a standard post‑IPO operational step.

The 8‑K communicates a mechanical market change: holders may elect to separate Units and trade Class A shares and whole warrants independently on Nasdaq under FIGX and FIGXW. The filing specifies operational details required for trading, including the transfer agent and that no fractional warrants will be issued. From a capital‑markets perspective, this is a routine administrative event that clarifies trading mechanics and instrument identifiers but contains no new financial results or changes to warrant economics beyond the stated $11.50 exercise price.

TL;DR: Announcement documents separation logistics: broker engagement with the transfer agent and trading symbol assignments are required for implementing the split.

The filing provides precise procedural instructions: holders must instruct their brokers to contact Continental Stock Transfer & Trust Company to separate Units, whole warrants only will trade, and symbols for the underlying securities are specified. These operational details are material for holders to effect the separation but do not, by themselves, change shareholder rights or the warrant exercise terms. The disclosure is focused on execution and settlement logistics rather than corporate governance changes.

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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): August 13, 2025

 

FIGX Capital Acquisition Corp.

(Exact name of registrant as specified in its charter)

 

Cayman Islands   001-42719   N/A
(State or other jurisdiction
of incorporation)
  (Commission File Number)   (IRS Employer
Identification No.)

 

428 Greenwood Beach Road
Tiburon, CA 94920

(Address of principal executive offices, including zip code)

 

Registrant’s telephone number, including area code: (415383-1464

 

Not Applicable

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

 

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-half of one redeemable warrant   FIGXU   The Nasdaq Stock Market LLC
Class A ordinary shares, par value $0.0001 per share   FIGX   The Nasdaq Stock Market LLC
Redeemable warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50 per share   FIGXW   The Nasdaq Stock Market LLC

 

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))

 

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.

 

Separate Trading of Class A Ordinary Shares and Warrants

 

On August 13, 2025, FIGX Capital Acquisition Corp. (the “Company”) announced that, commencing on August 18, 2025, the holders of the units issued in its initial public offering (the “Units”), each Unit consisting of one Class A ordinary share of the Company, par value $0.0001 per share (the “Class A Ordinary Share”), and one-half of one warrant of the Company (the “Warrant”), with each whole Warrant entitling the holder thereof to purchase one Class A Ordinary Share for $11.50 per share, may elect to separately trade the Class A Ordinary Shares and the Warrants included in the Units. No fractional Warrants will be issued upon separation of the Units and only whole Warrants will trade. The Class A Ordinary Shares and the Warrants are expected to trade on the Nasdaq Global Market under the symbols “FIGX” and “FIGXW,” respectively. 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 Class A Ordinary Shares and Warrants.

 

Item 9.01. Financial Statements and Exhibits.

 

(d)  Exhibits

 

Exhibit No.   Description
99.1   Press Release dated August 13, 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.

 

  FIGX Capital Acquisition Corp.
     
Date: August 13, 2025 By: /s/ Louis Gerken
    Name: Louis Gerken
    Title: Chief Executive Officer

 

 

2

 

 

FAQ

When can FIGXU Units be separated and traded separately?

The Company stated separation may commence on August 18, 2025, allowing Class A shares and Warrants to trade independently.

Under which symbols will FIGX ordinary shares and warrants trade?

The Class A ordinary shares are expected to trade under FIGX and the warrants under FIGXW on the Nasdaq Global Market.

What is the exercise price of FIGX warrants?

Each whole Warrant entitles the holder to purchase one Class A ordinary share at an exercise price of $11.50 per share.

Will fractional FIGX warrants be issued upon separation?

No. The filing specifies that no fractional Warrants will be issued upon separation and only whole Warrants will trade.

How do holders separate FIGXU Units?

Holders must have their brokers contact Continental Stock Transfer & Trust Company, the Company’s transfer agent, to separate the Units.
Figx Capital Acquisition Corp.

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