Sponsor of Future Money (NASDAQ: FMACU) holds 4.67M shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Future Wealth Capital Corp., the sponsor of Future Money Acquisition Corp, reported holdings of 304,000 private placement units purchased at $10.00 per unit for an aggregate $3,040,000. Each unit consists of one ordinary share and a right to receive one-fifth of an ordinary share upon the company’s initial business combination.
The filing shows 304,000 ordinary shares included in these Private Units plus 4,362,069 additional ordinary shares held by the sponsor, for a total of 4,666,069 ordinary shares. The 304,000 rights may be converted into 60,800 ordinary shares upon consummation of the initial business combination, increasing the sponsor’s equity stake. Mr. Siyu Li is the beneficial owner of the sponsor through Architexon Limited (70%) and Future Wealth SG Limited (30%).
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 608,000 shares ($3,040,000)
Net Buy
2 txns
Insider
Future Wealth Capital Corp., Architexon Ltd, Future Wealth SG Ltd, Li Si Yu
Role
10% Owner | 10% Owner | 10% Owner | CEO and Chairman
Bought
608,000 shs ($3.04M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Right to receive one-fifth of one ordinary share | 304,000 | $0.00 | -- |
| Purchase | Ordinary shares | 304,000 | $10.00 | $3.04M |
Holdings After Transaction:
Right to receive one-fifth of one ordinary share — 304,000 shares (Direct);
Ordinary shares — 4,666,069 shares (Direct)
Footnotes (1)
- Reflects the 304,000 private units owned by Future Wealth Capital Corp., the Issuer's sponsor ("Sponsor"). Simultaneously with the consummation of the Issuer's initial public offering, the Sponsor acquired, at a price of $10.00 per unit, 304,000 units (the "Private Units") in a private placement for an aggregate purchase price of $3,040,000. Each private placement unit consists of ordinary share and one right to receive one-fifth (1/5) of one ordinary share upon consummation of the Issuer's initial business combination. The reported shares are the 304,000 ordinary shares included in such Private Units. Represents (i) the 304,000 private units referred to in footnotes 1 and (ii) 4,362,069 ordinary shares held by the Sponsor (up to 113,793 of which are subject to forfeiture if the underwriter's over-allotment option is not exercised in full) acquired pursuant to a securities subscription agreement by and between the Issuer and the Sponsor. The Sponsor is the record holder of the shares reported herein. Mr. Siyu Li is the beneficial owner of the Sponsor and has voting and dispositive power over the shares owned by the sponsor. Mr. Siyu Li beneficially owns all of the Sponsor's shares through Architexon Limited, a British Virgin Islands company that holds 70% of the shares, and Future Wealth SG Limited, a British Virgin Islands company that holds 30% of the shares. Represents the 60,800 ordinary shares, which may be acquired by Sponsor upon the conversion of 304,000 rights (included in the Sponsor's Private Units) upon consummation of the Issuer's initial business combination.
Key Figures
Private Units purchased: 304,000 units
Private Unit price: $10.00 per unit
Aggregate Private Unit investment: $3,040,000
+5 more
8 metrics
Private Units purchased
304,000 units
Acquired at $10.00 per unit in private placement
Private Unit price
$10.00 per unit
Sponsor’s purchase price in initial private placement
Aggregate Private Unit investment
$3,040,000
304,000 units at $10.00 each
Ordinary shares from Private Units
304,000 shares
Ordinary shares included in 304,000 Private Units
Additional ordinary shares held
4,362,069 shares
Ordinary shares held by sponsor outside Private Units
Total ordinary shares held
4,666,069 shares
304,000 from Private Units plus 4,362,069 other shares
Shares issuable from rights
60,800 shares
Convertible from 304,000 rights upon business combination
Shares subject to forfeiture
113,793 shares
Portion of 4,362,069 ordinary shares tied to over-allotment
Key Terms
private placement, initial public offering, over-allotment option, beneficial owner, +1 more
5 terms
private placement financial
"acquired, at a price of $10.00 per unit, 304,000 units ... in a private placement for an aggregate purchase price"
A private placement is a way for companies to raise money by selling securities directly to a small group of investors instead of through a public offering. This process is often quicker and less regulated, making it similar to offering a special, exclusive investment opportunity to select individuals or institutions. For investors, it can provide access to unique investment options that are not available on public markets.
initial public offering financial
"Simultaneously with the consummation of the Issuer's initial public offering, the Sponsor acquired ... 304,000 units"
An initial public offering (IPO) is when a private company first sells its shares to the public and becomes a stock-listed company. It matters because it allows the company to raise money from a wide range of investors, helping it grow, while giving early shareholders a way to sell some of their ownership.
over-allotment option financial
"up to 113,793 of which are subject to forfeiture if the underwriter's over-allotment option is not exercised in full"
An over-allotment option is a special agreement that allows underwriters to sell more shares than initially planned if demand is high. Think of it like a retailer offering extra units of a popular product to meet additional customer interest. This option helps ensure the full sale is completed and can also give investors extra shares if they want more.
beneficial owner financial
"Mr. Siyu Li is the beneficial owner of the Sponsor and has voting and dispositive power over the shares"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
rights financial
"304,000 rights (included in the Sponsor's Private Units) upon consummation of the Issuer's initial business combination"
Rights are special privileges that give existing shareholders the opportunity to buy additional shares of a company's stock before they are offered to the public. They help investors maintain their ownership percentage and can be seen as a way to protect their investment stake. Think of rights like a VIP pass allowing current investors to purchase new shares first, ensuring they can preserve their influence in the company.
FAQ
What insider transaction did Future Wealth Capital report for Future Money Acquisition Corp (FMACU)?
Future Wealth Capital Corp., the sponsor, reported ownership of 304,000 private placement units bought at $10.00 per unit and 4,362,069 additional ordinary shares, totaling 4,666,069 ordinary shares linked to Future Money Acquisition Corp.
What is the total investment Future Wealth Capital made in Future Money’s private units?
Future Wealth Capital acquired 304,000 Private Units at $10.00 per unit, for an aggregate purchase price of $3,040,000. Each unit consists of one ordinary share and one right to receive one-fifth of an ordinary share upon the initial business combination.