FutureCorp Space (NYSE: FTRA) raises $230M in SPAC IPO and funds trust

Filing Impact

(High)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

FutureCorp Space Acquisition 1 completed its initial public offering of 23,000,000 units at $10.00 per unit, generating gross proceeds of $230,000,000. Each unit includes one Class A ordinary share and one-half of one redeemable warrant, with each whole warrant exercisable at $11.50 per share.

The company also sold 6,000,000 private placement warrants at $1.00 each to its sponsor and Cantor Fitzgerald & Co., raising an additional $6,000,000. A total of $230,000,000, or $10.00 per unit, was placed into a U.S.-based trust account to fund a future business combination, which must be completed within 24 months of the IPO closing or the public shares will be redeemed.

FutureCorp is a blank check company targeting businesses in the global space economy and related sectors. In connection with the IPO, it entered into standard SPAC agreements, appointed three independent directors, organized its board committees, and made its amended and restated memorandum and articles of association effective.

Insights

FutureCorp Space raises $230M in a standard SPAC IPO structure with funds locked in trust.

FutureCorp Space Acquisition 1 has closed a typical SPAC IPO, selling 23,000,000 units at $10.00 each for $230,000,000 in gross proceeds and placing that amount in a trust account. The structure includes half-warrants per unit exercisable at $11.50 per share, aligning with conventional SPAC terms.

The company also issued 6,000,000 private placement warrants at $1.00 each, purchased by the sponsor and Cantor Fitzgerald & Co. The trust holds $230,000,000, including a $9,800,000 deferred underwriting discount, and can be used mainly upon a business combination or shareholder redemptions, which constrains cash use before a deal.

FutureCorp targets companies in the global space economy, but no specific transaction is identified yet. Investors will rely on future disclosures about a proposed business combination before the 24-month deadline from the IPO closing, when the company must either complete a deal or redeem public shares.

8-K Event Classification

6 items: 1.01, 3.02, 5.02, 5.03, 8.01, 9.01

6 items

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Item 3.02 Unregistered Sales of Equity Securities Securities

The company sold equity securities in a private placement or other unregistered transaction.

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year Governance

The company amended its charter documents, bylaws, or changed its fiscal year.

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

IPO units sold: 23,000,000 units IPO price: $10.00 per unit IPO gross proceeds: $230,000,000 +5 more

8 metrics

IPO units sold 23,000,000 units Initial public offering, including over-allotment

IPO price $10.00 per unit Initial public offering price

IPO gross proceeds $230,000,000 Gross proceeds from IPO

Private placement warrants 6,000,000 warrants Sold at $1.00 per Private Placement Warrant

Private placement proceeds $6,000,000 Aggregate from sale of 6,000,000 private placement warrants

Trust account funding $230,000,000 Proceeds from IPO and private placement placed in trust

Deferred underwriting discount $9,800,000 Portion of proceeds included in trust account

Warrant exercise price $11.50 per share Exercise price for each whole redeemable or private placement warrant

Key Terms

blank check company, over-allotment option, Investment Management Trust Agreement, Registration Rights Agreement, +2 more

6 terms

blank check company financial

"The Company is a blank check company formed for the purpose of effecting a merger..."

A blank check company is a publicly listed shell that raises money from investors before naming a specific business to buy or merge with, similar to handing a cashier a signed check and asking them to fill in the payee later. It matters to investors because it offers a faster, often cheaper path for private firms to become public, but carries extra risk since returns depend on the organizers’ ability to find a good deal and on limited information about the future business.

over-allotment option financial

"including 3,000,000 Units issued pursuant to the exercise in full by the underwriters of their over-allotment option."

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.

Investment Management Trust Agreement financial

"An Investment Management Trust Agreement, dated June 4, 2026, by and between the Company and Continental Stock Transfer & Trust Company..."

A written contract that names who will run and make investment decisions for a trust’s assets, spells out their authority, duties, fees and how performance and risks will be handled. It matters to investors because it defines who is responsible for growing and protecting the money—like hiring a caretaker with a clear job description—and sets the rules and safeguards that affect returns, costs and how disputes or withdrawals are resolved.

Registration Rights Agreement financial

"A Registration Rights Agreement, dated June 4, 2026, by and among the Company and certain security holders..."

A registration rights agreement is a contract that gives investors the option to have their ownership stakes officially registered with the government, making it easier to sell their shares later. This agreement matters because it provides investors with a clearer path to cash out their investments if they choose, offering more liquidity and confidence in their ability to sell their holdings when desired.

Private Placement Warrants financial

"the Company completed the private sale of an aggregate of 6,000,000 warrants (the “Private Placement Warrants”) to the Sponsor and the Representative..."

Private placement warrants are tradable coupons given directly to a limited group of investors that let the holder buy a company's shares at a fixed price before a set expiration date. They matter to investors because they can provide extra upside if the stock rises and give companies a way to raise money outside a public offering, but they also can increase the number of shares outstanding (dilution) and therefore affect share value and investor returns.

Amended and Restated Memorandum and Articles of Association regulatory

"the Company’s amended and restated memorandum and articles of association (the “Amended and Restated Memorandum and Articles of Association”), filed with the Cayman Islands Registrar..."

A document that replaces and combines a company’s core governing papers into a single, updated set of rules spelling out the company’s purpose, share structure, voting rights and how decisions are made. Think of it as rewriting and consolidating a household’s rulebook so everyone knows who controls what and how major choices are handled. Investors watch these changes because they can alter ownership rights, governance, dividend policy and takeover protections, affecting value and control.

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Understanding 8-K Material Events →

06/08/2026 - 09:46 PM

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): June 4, 2026

FutureCorp Space Acquisition 1
(Exact name of registrant as specified in its charter)

Cayman Islands		001-43330		98-1935958
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

8605 Santa Monica Blvd.

#54207

Los Angeles, California 90069
(Address of principal executive offices, including zip code)

Registrant’s telephone number, including area code: (213) 524-9594

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	FTRAU	The New York Stock Exchange LLC
Class A ordinary shares, par value $0.0001 per share	FTRA	The New York Stock Exchange LLC
Redeemable warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50 per share	FTRAUW	The New York Stock Exchange 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 1.01. Entry into a Material Definitive Agreement.

On June 4, 2026, FutureCorp Space Acquisition 1 (the “Company”) consummated its initial public offering (“IPO”) of 23,000,000 units (the “Units”), including 3,000,000 Units issued pursuant to the exercise in full by the underwriters of their over-allotment option. The Units were sold at a price of $10.00 per Unit, generating gross proceeds to the Company of $230,000,000. 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-half of one redeemable warrant of the Company (each, a “Warrant”), with each whole Warrant entitling the holder thereof to purchase one Class A Ordinary Share for $11.50 per share.

In connection with the IPO, the Company entered into the following agreements, forms of which were previously filed as exhibits to the Company’s Registration Statement on Form S-1 (File No. 333-296040) for the IPO, initially filed with the U.S. Securities and Exchange Commission (the “Commission”) on May 20, 2026, as amended (the “Registration Statement”):

	●	An Underwriting Agreement, dated June 4, 2026, by and between the Company and Cantor Fitzgerald & Co., as representative of the several underwriters (the “Representative”), a copy of which is attached as Exhibit 1.1 hereto and incorporated herein by reference.

	●	A Warrant Agreement, dated June 4, 2026, by and between the Company and Continental Stock Transfer & Trust Company, as warrant agent, a copy of which is attached as Exhibit 4.1 hereto and incorporated herein by reference.

	●	An Investment Management Trust Agreement, dated June 4, 2026, by and between the Company and Continental Stock Transfer & Trust Company, as trustee, a copy of which is attached as Exhibit 10.1 hereto and incorporated herein by reference.

	●	A Registration Rights Agreement, dated June 4, 2026, by and among the Company and certain security holders, a copy of which is attached as Exhibit 10.2 hereto and incorporated herein by reference.

	●	A Private Placement Warrants Purchase Agreement, dated June 4, 2026 (the “Sponsor Private Placement Warrants Purchase Agreement”), by and between the Company and FutureCorp Space Acquisition 1 LLC, a Delaware limited liability company (the “Sponsor”), a copy of which is attached as Exhibit 10.3 hereto and incorporated herein by reference.

	●	A Private Placement Warrants Purchase Agreement, dated June 4, 2026 (the “Cantor Private Placement Warrants Purchase Agreement”), by and between the Company and Cantor Fitzgerald & Co., a copy of which is attached as Exhibit 10.4 hereto and incorporated herein by reference.

	●	A Letter Agreement, dated June 4, 2026 (the “Letter Agreement”), by and among the Company, its officers, its directors and the Sponsor, a copy of which is attached as Exhibit 10.5 hereto and incorporated herein by reference.

	●	Indemnity Agreements, dated June 4, 2026, by and among the Company and each Director (as defined below) and executive officer of the Company, a form of which is attached as Exhibit 10.6 hereto and incorporated herein by reference.

	●	An Administrative Services Agreement, dated June 4, 2026 (the “Administrative Services Agreement”), by and between the Company and FutureCorp Space Acquisition 1 LLC, a copy of which is attached as Exhibit 10.7 hereto and incorporated herein by reference.

The material terms of such agreements are fully described in the Company’s final prospectus, dated June 4, 2026, as filed with the Commission on June 5, 2026 (the “Prospectus”) and are incorporated herein by reference.

Item 3.02. Unregistered Sales of Equity Securities.

Simultaneously with the closing of the IPO, pursuant to the Sponsor Private Placement Warrants Purchase Agreement and the Cantor Private Placement Warrants Purchase Agreement, the Company completed the private sale of an aggregate of 6,000,000 warrants (the “Private Placement Warrants”) to the Sponsor and the Representative, with each Private Placement Warrant exercisable to purchase one Class A ordinary share at $11.50 per share, at a price of $1.00 per Private Placement Warrant, or $6,000,000 in the aggregate. Of the 6,000,000 Private Placement Warrants, the Sponsor purchased 4,000,000 Private Placement Warrants and the Representative purchased 2,000,000 Private Placement Warrants. The Private Placement Warrants (and underlying securities) are identical to the warrants included in the Units sold in the IPO, except as otherwise disclosed in the Registration Statement. No underwriting discounts or commissions were paid with respect to such sale. The issuance of the Private Placement Warrants was made pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act.

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On June 4, 2026, in connection with the IPO, David J. Anderman, Shawn K. Pelsinger and John R. Tuttle were appointed to the board of directors of the Company (the “Board”) (collectively with Sudhin R. Shahani and Joshua B. Marks, the “Directors”). David J. Anderman, Shawn K. Pelsinger and John R. Tuttle are independent directors. Effective June 4, 2026, Messrs. Tuttle, Pelsinger and Anderman were appointed to the Board’s Audit Committee, with Mr. Tuttle serving as chair of the Audit Committee. Effective June 4, 2026, Messrs. Anderman and Pelsinger were appointed to the Board’s Compensation Committee, with Mr. Anderman serving as chair of the Compensation Committee. Effective June 4, 2026, Messrs. Tuttle, Pelsinger and Anderman were appointed to the Board’s Nominating and Corporate Governance Committee, with Mr. Anderman serving as chair of the Nominating and Corporate Governance Committee.

Following the appointment of the Directors, the Board is comprised of three classes. The term of office of the first class of directors, Class I, consisting of Sudhin R. Shahani and Joshua B. Marks, will expire at the Company’s first annual general meeting. The term of office of the second class of directors, Class II, consisting of Shawn K. Pelsinger, will expire at the Company’s second annual general meeting. The term of office of the third class of directors, Class III, consisting of John R. Tuttle and David J. Anderman, will expire at the Company’s third annual general meeting.

On June 4, 2026, in connection with their appointments to the Board, each of the Directors entered into the Letter Agreement as well as an indemnity agreement with the Company in the form previously filed as Exhibit 10.6 to the Registration Statement. Other than the foregoing, none of the directors are party to any arrangement or understanding with any person pursuant to which they were appointed as directors, nor are they party to any transactions required to be disclosed under Item 404(a) of Regulation S-K involving the Company.

The foregoing descriptions of the Letter Agreement and the form of indemnity agreement do not purport to be complete and are qualified in their entireties by reference to the Letter Agreement and the form of indemnity agreement, copies of which are attached as Exhibit 10.5 and 10.6 hereto, respectively, and are incorporated herein by reference.

Item 5.03. Amendments to Certificate of Incorporation or Bylaws; Change in Fiscal Year.

On June 4, 2026, in connection with the IPO, the Company’s amended and restated memorandum and articles of association (the “Amended and Restated Memorandum and Articles of Association”), filed with the Cayman Islands Registrar of Companies, became effective. The terms of the Amended and Restated Memorandum and Articles of Association are set forth in the Registration Statement and are incorporated herein by reference. The description of the Amended and Restated Memorandum and Articles of Association does not purport to be complete and is qualified in its entirety by reference to the Amended and Restated Memorandum and Articles of Association, a copy of which is attached as Exhibit 3.1 hereto and incorporated herein by reference.

Item 8.01. Other Events.

A total of $230,000,000 of the proceeds from the IPO (which amount includes $9,800,000 of the underwriters’ deferred discount) 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. Except with respect to interest earned on the funds in the trust account that may be released to the Company to pay its taxes and for winding up and dissolution expenses, the funds held in the trust account will not be released from the trust account until the earliest of (i) the completion of the Company’s initial business combination, (ii) the redemption of the Company’s public shares if it is unable to complete its initial business combination within 24 months from the closing of the IPO (or by such earlier liquidation date as the Company’s board of directors may approve), subject to applicable law, and (iii) the redemption of the Company’s public shares properly submitted in connection with a shareholder vote to amend the Company’s Amended and Restated Memorandum and Articles of Association to modify the substance or timing of its obligation to redeem 100% of the Company’s public shares if it has not consummated an initial business combination within 24 months from the closing of the IPO or with respect to any other material provisions relating to shareholders’ rights or pre-initial business combination activity.

On June 4, 2026, the Company issued a press release announcing the pricing of the IPO, a copy of which is attached as Exhibit 99.1 to this Current Report on Form 8-K.

On June 8, 2026, the Company issued a press release announcing the closing of the IPO, a copy of which is attached as Exhibit 99.2 to this Current Report on Form 8-K.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

The following exhibits are being filed herewith:

Exhibit No.		Description
1.1		Underwriting Agreement, dated June 4, 2026, by and between the Company and Cantor Fitzgerald & Co., as representative of the several underwriters.

3.1		Amended and Restated Memorandum and Articles of Association of the Company (incorporated herein by reference to Exhibit 3.1 to the Registration Statement on Form S-1 (File No. 333-296040), filed by the Company on May 20, 2026).

4.1		Warrant Agreement, dated June 4, 2026, by and between the Company and Continental Stock Transfer & Trust Company, as warrant agent.

10.1		Investment Management Trust Agreement, June 4, 2026, by and between the Company and Continental Stock Transfer & Trust Company, as trustee.

10.2		Registration Rights Agreement, dated June 4, 2026, by and among the Company and certain security holders.

10.3		Sponsor Private Placement Warrants Purchase Agreement, dated June 4, 2026, by and between the Company and the Sponsor.

10.4		Cantor Private Placement Units Purchase Agreement, dated June 4, 2026, by and between the Company and Cantor Fitzgerald & Co.

10.5		Letter Agreement, dated June 4, 2026, by and among the Company, its officers, directors, and the Sponsor.

10.6		Form of Indemnity Agreement (incorporated herein by reference to Exhibit 10.6 to the Registration Statement on Form S-1 (File No. 333-296040), filed by the Company on May 20, 2026).

10.7		Administrative Services Agreement, dated June 4, 2026, by and between the Company and FutureCorp Space Acquisition 1 LLC.

99.1		Press Release, dated June 4, 2026.

99.2		Press Release, dated June 8, 2026.

104		Cover Page Interactive Data File (embedded within the Inline XBRL document).

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.

	FUTURECORP SPACE ACQUISITION 1

	By:	/s/ Joshua Marks
		Name:	Joshua Marks
		Title:	Chief Executive Officer and Chief Financial Officer

Dated: June 9, 2026

Exhibit 99.1

FutureCorp Space Acquisition 1 Announces Pricing of $200,000,000 Initial Public Offering

New York, NY, June 04, 2026 (GLOBE NEWSWIRE) -- FutureCorp Space Acquisition 1 (the “Company”) announced today the pricing of its initial public offering of 20,000,000 units at a price of $10.00 per unit. The units are expected to be listed on The New York Stock Exchange LLC (“NYSE”) and begin trading on June 5, 2026, under the ticker symbol “FTRAU.” Each unit consists of one Class A ordinary share and one-half of one redeemable warrant, each whole warrant entitling the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share, subject to certain adjustments. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. An amount equal to $10.00 per unit will be deposited into a trust account upon the closing of the offering. Once the securities constituting the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on NYSE under the symbols “FTRA” and “FTRAW,” respectively. The offering is expected to close on June 8, 2026, subject to customary closing conditions. The Company has granted the underwriters a 45-day option to purchase up to an additional 3,000,000 units at the initial public offering price to cover over-allotments, if any.

The Company is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company may pursue an acquisition opportunity in any business or industry or at any stage of its corporate evolution. The Company’s primary focus will be on companies in the global space economy and adjacent industries, including space manufacturing and component supply chains, launch platforms, in-orbit services and habitats, in-orbit computing and manufacturing, space-based telecommunications and Earth observation, and defense-related activities.

The Company’s management team is led by Joshua B. Marks, its Chief Executive Officer and Chief Financial Officer, Matthew A. Long, the General Counsel, and Sudhin R. Shahani, the Chairman of the Board of Directors (the “Board”). The Board also includes David J. Anderman, Shawn K. Pelsinger, and John R. Tuttle.

Cantor Fitzgerald & Co. is acting as sole book-running manager for the offering.

The offering is being made only by means of a prospectus. When available, copies of the prospectus may be obtained from Cantor Fitzgerald & Co., Attention: Capital Markets, 499 Park Avenue, New York, NY 10022, or by email at prospectus@cantor.com, or by accessing the SEC’s website, www.sec.gov.

A registration statement relating to the securities has been filed with the U.S. Securities and Exchange Commission (“SEC”) and became effective on June 4, 2026. 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 an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Forward-Looking Statements

This press release contains statements that constitute “forward-looking statements,” including with respect to the expected closing of the proposed initial public offering and search for an initial business combination. No assurance can be given that the offering discussed above will be completed on the terms described, or at all.

Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the “Risk Factors” section of the Company’s registration statement and prospectus for the Company’s initial public offering filed with the SEC. Copies of these documents are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Investor Contacts

FutureCorp Space Acquisition I
desk@futurecorp.vc
Attn: Joshua B. Marks; Sudhin R. Shahani

Exhibit 99.2

FutureCorp Space Acquisition 1 Completes $230,000,000 Initial Public Offering

New York, NY, June 08, 2026 (GLOBE NEWSWIRE) -- FutureCorp Space Acquisition 1 (the “Company”) announced today the closing of its initial public offering of 23,000,000 units, which includes 3,000,000 units issued pursuant to the exercise by the underwriters of their over-allotment option in full. The offering was priced at $10.00 per unit, resulting in gross proceeds of $230,000,000. The Company’s units began trading on June 5, 2026 on The New York Stock Exchange (“NYSE”) under the ticker symbol “FTRAU.” Each unit consists of one Class A ordinary share of the Company and one-half of one redeemable warrant, with each whole warrant entitling the holder thereof to purchase one Class A ordinary share of the Company at an exercise price of $11.50 per share, subject to certain adjustment. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Once the securities constituting the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on NYSE under the symbols “FTRA” and “FTRAW,” respectively. Of the proceeds received from the consummation of the initial public offering (including the exercise of the over-allotment option) and a simultaneous private placement of warrants, $230,000,000 (or $10.00 per unit sold in the offering) was placed in trust.

Cantor Fitzgerald & Co. acted as sole book-running manager for the offering.

A registration statement relating to the securities was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on June 4, 2026. The offering has been made only by means of a prospectus, copies of which may be obtained by contacting Cantor Fitzgerald & Co., Attention: Capital Markets, 499 Park Avenue, New York, New York 10022; Email: prospectus@cantor.com. Copies of the registration statement can be accessed through the SEC's website at www.sec.gov. 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.

Forward-Looking Statements

This press release contains statements that constitute “forward-looking statements” including with respect to the search for an initial business combination. No assurance can be given that the net proceeds of the offering will be used as indicated.

Investor Contacts

FutureCorp Space Acquisition 1
desk@futurecorp.vc
Attn: Joshua B. Marks; Sudhin R. Shahani

Source: View Original Filing on SEC EDGAR

FAQ

What did FutureCorp Space Acquisition 1 (FTRA) announce in this 8-K?

FutureCorp Space Acquisition 1 announced the completion of its initial public offering of 23,000,000 units at $10.00 per unit, raising $230,000,000 in gross proceeds, and detailed related agreements, board appointments, and governance changes.

How large is FutureCorp Space Acquisition 1’s IPO and trust account?

The IPO consisted of 23,000,000 units at $10.00 per unit for $230,000,000 in gross proceeds. The company placed $230,000,000, or $10.00 per unit sold (including deferred underwriting discount), into a U.S.-based trust account for a future business combination.

What securities do FutureCorp Space Acquisition 1 (FTRAU) units contain?

Each FutureCorp Space Acquisition 1 unit includes one Class A ordinary share and one-half of one redeemable warrant. Each whole warrant allows the holder to purchase one Class A ordinary share at an exercise price of $11.50 per share, subject to certain adjustments.

What private placement did FutureCorp Space Acquisition 1 complete alongside the IPO?

Simultaneously with the IPO closing, the company sold 6,000,000 private placement warrants at $1.00 per warrant, generating $6,000,000. The sponsor purchased 4,000,000 warrants and Cantor Fitzgerald & Co., as representative of the underwriters, purchased 2,000,000 warrants.

How long does FutureCorp Space Acquisition 1 have to complete a business combination?

FutureCorp Space Acquisition 1 has 24 months from the IPO closing to complete its initial business combination. If it does not, the company must redeem its public shares using funds in the trust account, subject to applicable law and any approved charter changes.

What sector is FutureCorp Space Acquisition 1 targeting for acquisitions?

The company is a blank check entity focused on the global space economy and adjacent industries. Target areas include launch platforms, in-orbit services and habitats, space-based telecommunications, Earth observation, defense-related activities, and space manufacturing and component supply chains.

What governance changes did FutureCorp Space Acquisition 1 implement with the IPO?

In connection with the IPO, FutureCorp appointed three independent directors, formed audit, compensation, and nominating and corporate governance committees, and made its amended and restated memorandum and articles of association effective, establishing a classified board with three director classes.

Filing Exhibits & Attachments

14 documents

FutureCorp Space (NYSE: FTRA) raises $230M in SPAC IPO and funds trust

Rhea-AI Filing Summary

Positive

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