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  4. [Form 3] FutureCorp Space Acquisition 1 Initial Statement of Beneficial Ownership

Sponsor structure for FutureCorp Space Acquisition 1 (FTRA) holds 5.75M founder shares

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
3

Rhea-AI Filing Summary

FutureCorp Space Acquisition 1 filed an initial ownership report showing that its sponsor, FutureCorp Space Acquisition 1 LLC, holds 5,750,000 Class B ordinary shares. These “founder shares” will automatically convert to Class A ordinary shares on a one-for-one basis in connection with the company’s initial business combination or earlier at the holder’s option.

The SPAC’s Class B ordinary shares have no expiration date and are held by the sponsor under a subscription agreement. Pubco Acquisition Corp LLC is the sole managing member of the sponsor, and its managing member is FutureCorp LLC. Sudhin R. Shahani and Joshua B. Marks are members of FutureCorp LLC and may be deemed to share indirect voting and investment discretion over these securities, while disclaiming beneficial ownership beyond their pecuniary interest.

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Insider FutureCorp Space Acquisition 1 LLC, FutureCorp LLC, Pubco Acquisition Corp LLC, Marks Joshua, Shahani Sudhin
Role null | null | null | null | null
Type Security Shares Price Value
holding Class B Ordinary Shares -- -- --
Holdings After Transaction: Class B Ordinary Shares — 5,750,000 shares (Direct, null)
Footnotes (1)
  1. As described in the registration statement on Form S-1 (File No. 333-296040) of FutureCorp Space Acquisition 1 (the "Issuer") under the heading "Description of Securities--Founder Shares," the Class B ordinary shares will automatically convert into Class A ordinary shares at the time of the Issuer's initial business combination, or at any time prior to the Issuer's initial business combination, at the option of the holder, on a one-for-one basis, subject to certain adjustments. The Class B ordinary shares have no expiration date. These shares represent the Class B ordinary shares held by FutureCorp Space Acquisition 1 LLC (the "Sponsor") acquired pursuant to a subscription agreement by and between the Issuer and the Sponsor. Pubco Acquisition Corp LLC ("PAC") is the sole managing member of the Sponsor. PAC's managing member is FutureCorp LLC. Sudhin R. Shahani and Joshua B. Marks are members of FutureCorp LLC and through such chain of ownership, hold indirect voting and investment discretion with respect to the ordinary shares held of record by the Sponsor. As such, Mr. Shahani and Mr. Marks may be deemed to have beneficial ownership of the securities held of record by the Sponsor. The reporting persons disclaim beneficial ownership of the securities reported herein, except to the extent of their pecuniary interest therein.
Founder shares held 5,750,000 shares Class B ordinary shares held by sponsor
Conversion ratio 1-for-1 Class B to Class A ordinary shares
Exercise price $0.0000 per share Conversion/exercise price on derivative summary
Class B ordinary shares financial
"These shares represent the Class B ordinary shares held by FutureCorp Space Acquisition 1 LLC"
Class B ordinary shares are a type of ownership stake in a company that typically come with different voting rights or privileges compared to other share classes. For investors, they represent a way to hold part of the company’s value and influence its decisions, often with fewer voting rights than Class A shares. Understanding these shares helps investors assess their level of control and potential returns within a company.
Founder Shares financial
"under the heading "Description of Securities--Founder Shares," the Class B ordinary shares will automatically convert"
Founder shares are the ownership stakes given to the people who start a company, often with extra voting power or protections compared with ordinary shares. For investors, they matter because founders’ control and incentives influence decisions about strategy, hiring, and whether the company sells or stays independent — like a family that keeps majority voting rights in a household decision. High founder ownership can mean stable leadership but also a risk that outside shareholders have less influence.
initial business combination financial
"shares will automatically convert into Class A ordinary shares at the time of the Issuer's initial business combination"
An initial business combination is the deal in which a special-purpose acquisition company (SPAC) merges with or acquires an operating business to bring that business onto public markets. Think of the SPAC as an empty shell that raises money from investors, then uses that cash to buy a private company—this transaction turns the private company into a public one and often changes its ownership, valuation, and access to capital, so investors should watch for shifts in risk, future growth prospects, and shareholder rights.
beneficial ownership financial
"may be deemed to have beneficial ownership of the securities held of record by the Sponsor"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
subscription agreement financial
"shares held by FutureCorp Space Acquisition 1 LLC acquired pursuant to a subscription agreement"
A subscription agreement is a legal contract in which an investor agrees to buy a specific number of a company’s shares or other securities under set terms, including price, payment method and conditions for closing the sale. It matters to investors because it legally locks in their purchase and the company’s obligations, determines ownership percentage and any investor rights, and can include conditions or promises that affect future control or returns—like signing a detailed purchase order for equity.
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SEC Form 3
FORM 3UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0104
Estimated average burden
hours per response:0.5
1. Name and Address of Reporting Person*
FutureCorp Space Acquisition 1 LLC
(Last)(First)(Middle)
C/O FUTURECORP SPACE ACQUISITION 1
8605 SANTA MONICA BLVD, #54207
(Street)
LOS ANGELES CALIFORNIA 90069
(City)(State)(Zip)
UNITED STATES
(Country)		2. Date of Event Requiring Statement (Month/Day/Year)
06/04/2026		3. Issuer Name and Ticker or Trading Symbol
FutureCorp Space Acquisition 1 [ FTRA ]
3a. Foreign Trading Symbol
5. If Amendment, Date of Original Filed (Month/Day/Year)
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
DirectorX10% Owner
Officer (give title below)Other (specify below)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
XForm filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year)3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date ExercisableExpiration DateTitleAmount or Number of Shares
Class B Ordinary Shares(1) (1) (1)Class A Ordinary Shares5,750,000(2)(1)D(2)(3)
1. Name and Address of Reporting Person*
FutureCorp Space Acquisition 1 LLC
(Last)(First)(Middle)
C/O FUTURECORP SPACE ACQUISITION 1
8605 SANTA MONICA BLVD, #54207
(Street)
LOS ANGELES CALIFORNIA 90069
(City)(State)(Zip)
UNITED STATES
(Country)
Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*
FutureCorp LLC
(Last)(First)(Middle)
8605 SANTA MONICA BLVD, #54207
(Street)
LOS ANGELES CALIFORNIA 90069
(City)(State)(Zip)
UNITED STATES
(Country)
Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*
Pubco Acquisition Corp LLC
(Last)(First)(Middle)
8605 SANTA MONICA BLVD, #54207
(Street)
LOS ANGELES CALIFORNIA 90069
(City)(State)(Zip)
UNITED STATES
(Country)
Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*
Marks Joshua
(Last)(First)(Middle)
8605 SANTA MONICA BLVD, #54207
(Street)
LOS ANGELES CALIFORNIA 90069
(City)(State)(Zip)
UNITED STATES
(Country)
Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*
Shahani Sudhin
(Last)(First)(Middle)
8605 SANTA MONICA BLVD, #54207
(Street)
LOS ANGELES CALIFORNIA 90069
(City)(State)(Zip)
UNITED STATES
(Country)
Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
Explanation of Responses:
1. As described in the registration statement on Form S-1 (File No. 333-296040) of FutureCorp Space Acquisition 1 (the "Issuer") under the heading "Description of Securities--Founder Shares," the Class B ordinary shares will automatically convert into Class A ordinary shares at the time of the Issuer's initial business combination, or at any time prior to the Issuer's initial business combination, at the option of the holder, on a one-for-one basis, subject to certain adjustments. The Class B ordinary shares have no expiration date.
2. These shares represent the Class B ordinary shares held by FutureCorp Space Acquisition 1 LLC (the "Sponsor") acquired pursuant to a subscription agreement by and between the Issuer and the Sponsor.
3. Pubco Acquisition Corp LLC ("PAC") is the sole managing member of the Sponsor. PAC's managing member is FutureCorp LLC. Sudhin R. Shahani and Joshua B. Marks are members of FutureCorp LLC and through such chain of ownership, hold indirect voting and investment discretion with respect to the ordinary shares held of record by the Sponsor. As such, Mr. Shahani and Mr. Marks may be deemed to have beneficial ownership of the securities held of record by the Sponsor. The reporting persons disclaim beneficial ownership of the securities reported herein, except to the extent of their pecuniary interest therein.
By: /s/ Joshua Marks, as a Member of FutureCorp LLC, the managing member of Pubco Acquisition Corp LLC, which is the managing member of FutureCorp Space Acquisition 1 LLC06/12/2026
By: /s/ Sudhin Shahani, as a Member of FutureCorp LLC, the managing member of Pubco Acquisition Corp LLC, which is the managing member of FutureCorp Space Acquisition 1 LLC06/12/2026
By: /s/ Sudhin Shahani06/12/2026
By: /s/ Joshua Marks06/12/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider holdings does FutureCorp Space Acquisition 1 (FTRA) report on this Form 3?

The filing reports 5,750,000 Class B ordinary shares held by FutureCorp Space Acquisition 1 LLC, the sponsor. These shares are founder shares that will convert into Class A ordinary shares on a one-for-one basis in connection with the SPAC’s initial business combination or earlier at the holder’s option.

How do FutureCorp Space Acquisition 1 (FTRA) Class B ordinary shares convert into Class A shares?

The Class B ordinary shares automatically convert into Class A ordinary shares at the time of the initial business combination, or earlier at the holder’s option. Conversion is on a one-for-one basis, subject to certain adjustments described under the registration statement’s “Description of Securities–Founder Shares” section.

Do the Class B ordinary shares of FutureCorp Space Acquisition 1 (FTRA) expire?

The Class B ordinary shares have no expiration date. They are structured as founder shares that will convert into Class A ordinary shares in connection with the SPAC’s initial business combination or earlier, and remain outstanding until conversion or other disposition, as outlined in the company’s registration statement.

Who controls the sponsor holding FutureCorp Space Acquisition 1 (FTRA) founder shares?

The sponsor, FutureCorp Space Acquisition 1 LLC, is managed by Pubco Acquisition Corp LLC as sole managing member, whose managing member is FutureCorp LLC. Members Sudhin R. Shahani and Joshua B. Marks may share indirect voting and investment discretion over the sponsor’s holdings as described in the footnotes.

How do Joshua Marks and Sudhin Shahani relate to FutureCorp Space Acquisition 1 (FTRA) sponsor shares?

Joshua B. Marks and Sudhin R. Shahani are members of FutureCorp LLC, which manages Pubco Acquisition Corp LLC, the sponsor’s managing member. Through this ownership chain they may be deemed to have beneficial ownership, but they disclaim beneficial ownership except to the extent of their pecuniary interests.