Here are the 10-Q quarterly reports from FortuneX Acquisition Corporation Units (FXACU) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow FXACU and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full FXACU filings page.
FortuneX Acquisition Corporation, a Cayman Islands SPAC, reported its first post-IPO quarter for the period ended June 30, 2026. Total assets were $88.5 million, including $87.4 million held in a U.S. Treasury-based Trust Account and $574,630 of cash outside the trust for working capital.
The company completed its IPO and over-allotment, selling 8,625,000 Public Units at $10.00 each and 312,500 Private Units, and recorded $182,711 of net income driven by interest on trust investments. Ordinary shares subject to possible redemption total 8,625,000 with a carrying amount of $87.4 million, while shareholder equity is a deficit of $3.2 million after accretion to redemption value and offering costs.
Management discloses that the company has until May 26, 2027 to complete an initial business combination and has incurred, and expects to continue to incur, significant acquisition-related costs. Given limited working capital and the fixed liquidation deadline, management concludes there is substantial doubt about the company’s ability to continue as a going concern. Additionally, the Chief Executive Officer and Chief Financial Officer determined disclosure controls and procedures were ineffective as of June 30, 2026.