Corporate ActionJun 4, 2026, 04:57 PM
FTRA Prices IPO of 20M Units at $10.00 Each
AI Summary
FutureCorp Space Acquisition 1 announced the pricing of its initial public offering of 20,000,000 units at $10.00 per unit. The units are expected to begin trading on the NYSE under the ticker symbol "FTRAU" on June 5, 2026, with the offering anticipated to close on June 8, 2026. The company, a blank check company, intends to pursue a business combination with one or more businesses, primarily focusing on the global space economy and adjacent industries.
Key Highlights
- Priced initial public offering of 20,000,000 units.
- Units priced at $10.00 each.
- Units expected to trade on NYSE under "FTRAU" starting June 5, 2026.
- Each unit includes one Class A ordinary share and one-half redeemable warrant.
- Warrants entitle holders to purchase shares at $11.50 each.
- Underwriters have a 45-day option to purchase up to 3,000,000 additional units.
- Company is a blank check company focused on the global space economy.
Price Impact
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