Here are the S-1 registration statements from FortuneX Acquisition Corporation Units (FXACU) in our archive over the last 12 months, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
An S-1 covers the registration statement a company files to sell shares publicly, 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 is launching an initial public offering of 7,500,000 units at $10.00 each, for gross proceeds of $75,000,000. Each unit includes one ordinary share and one-half of a redeemable warrant exercisable at $11.50 per share after a business combination.
The SPAC will place $10.05 per public unit into a U.S. trust account, giving public shareholders redemption rights at completion of a business combination, on extensions, or if no deal is completed within 12 months. The sponsor bought 3,694,429 founder shares for $25,000 and will purchase 260,000 private units at $10.00 each, creating substantial potential dilution for public investors.