STOCK TITAN
  1. Home
  2. Sec-filings
  3. FTRA
  4. [Form 3] FutureCorp Space Acquisition 1 Initial Statement of Beneficial Ownership

5.75M founder shares tied to FutureCorp Space (FTRA) CEO in Form 3

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

Rhea-AI Filing Summary

FutureCorp Space Acquisition 1 director and CEO/CFO Joshua Marks filed an initial ownership report showing an indirect interest in 5,750,000 Class B ordinary shares. These Class B shares are held by the sponsor entity, FutureCorp Space Acquisition 1 LLC, and were acquired under a subscription agreement with the issuer.

The Class B ordinary shares are described as founder shares that automatically convert into Class A ordinary shares on a one-for-one basis at the time of the issuer’s initial business combination, or earlier at the holder’s option, subject to adjustments. Up to 750,000 of these shares are subject to forfeiture if the underwriters’ over-allotment option is not fully exercised. Footnotes explain that the sponsor is controlled through Pubco Acquisition Corp LLC and FutureCorp LLC, and that Joshua Marks and another member may be deemed to have beneficial ownership of the sponsor’s shares, while each disclaims beneficial ownership beyond any pecuniary interest.

Positive

  • None.

Negative

  • None.
Insider Marks Joshua
Role CEO/CFO
Type Security Shares Price Value
holding Class B ordinary shares -- -- --
Holdings After Transaction: Class B ordinary shares — 5,750,000 shares (Indirect, See Footnote)
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 Class B ordinary shares are held by FutureCorp Space Acquisition 1 LLC (the "Sponsor") and were acquired pursuant to a subscription agreement by and between the Sponsor and the Issuer. The Class B ordinary shares owned by the Sponsor includes up to 750,000 shares that are subject to forfeiture to the extent that the underwriters' over-allotment option is not exercised in full, as described in the Issuer's registration statement. 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. All investment decisions for FutureCorp LLC are made by Mr. Shahani and Mr. Marks, and as such, each of Messrs. Shahani and Marks may be deemed to have beneficial ownership of the Class B ordinary shares held of record by the Sponsor. Each of Messrs. Shahani and Marks disclaims any beneficial ownership of the reported shares other than to the extent of their pecuniary interest therein.
Indirect Class B founder shares 5,750,000 shares Indirect interest reported on Form 3
Shares subject to forfeiture 750,000 shares Founder shares forfeitable if over-allotment not exercised
Conversion ratio 1-for-1 into Class A Class B to Class A ordinary shares on business combination
Exercise/conversion price $0.0000 per share Class B ordinary shares conversion price shown as zero
Class B ordinary shares financial
"These Class B ordinary shares are 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"
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.
over-allotment option financial
"subject to forfeiture to the extent that the underwriters' 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 ownership financial
"may be deemed to have beneficial ownership of the Class B ordinary shares"
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.
See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
Understanding Insider Trading Forms →
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*
Marks Joshua
(Last)(First)(Middle)
C/O FUTURECORP SPACE ACQUISITION1
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)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
CEO/CFO
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form 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)Class A ordinary shares5,750,000(2)(3)(1)ISee Footnote(3)
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 Class B ordinary shares are held by FutureCorp Space Acquisition 1 LLC (the "Sponsor") and were acquired pursuant to a subscription agreement by and between the Sponsor and the Issuer. The Class B ordinary shares owned by the Sponsor includes up to 750,000 shares that are subject to forfeiture to the extent that the underwriters' over-allotment option is not exercised in full, as described in the Issuer's registration statement.
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. All investment decisions for FutureCorp LLC are made by Mr. Shahani and Mr. Marks, and as such, each of Messrs. Shahani and Marks may be deemed to have beneficial ownership of the Class B ordinary shares held of record by the Sponsor. Each of Messrs. Shahani and Marks disclaims any beneficial ownership of the reported shares other than to the extent of their pecuniary interest therein.
/s/ Joshua Marks06/08/2026
** 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 did the FutureCorp Space Acquisition 1 (FTRA) Form 3 filing show for Joshua Marks?

The Form 3 shows Joshua Marks with an indirect interest in 5,750,000 Class B ordinary shares held by the sponsor. These founder shares can convert into Class A shares on a one-for-one basis in connection with the company’s initial business combination.

How many FutureCorp Space Acquisition 1 (FTRA) Class B shares are subject to forfeiture?

The filing states that up to 750,000 Class B ordinary shares held by the sponsor are subject to forfeiture. This occurs if the underwriters’ over-allotment option in the IPO is not exercised in full, potentially reducing the sponsor’s total founder share holdings.

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

The Class B founder 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 in the company’s registration statement.

Who actually holds the FutureCorp Space Acquisition 1 (FTRA) Class B shares reported for Joshua Marks?

The Class B shares are held of record by FutureCorp Space Acquisition 1 LLC, the sponsor. Pubco Acquisition Corp LLC is the sponsor’s sole managing member, and FutureCorp LLC manages PAC, with Joshua Marks and another member involved in investment decisions for FutureCorp LLC.

Does Joshua Marks fully own the 5,750,000 FutureCorp Space Acquisition 1 (FTRA) Class B shares personally?

No. The filing explains that Joshua Marks may be deemed to have beneficial ownership through his role in FutureCorp LLC but expressly disclaims beneficial ownership of the reported shares, except to the extent of any pecuniary interest he may have in them.