Traders should monitor for the commencement of separate trading of shares and rights, and track the SPAC's target announcement timeline. The over-allotment option could lead to incremental buying pressure in the short term.
Price Chart
Executive Summary
Future Money Acquisition Corporation (FMAC) has priced its initial public offering of 10 million units at $10.00 per unit, raising $100 million in gross proceeds. Each unit consists of one ordinary share and one-fifth of a share right, with separate trading of components expected post-listing under symbols FMAC and FMACR. The offering closes on March 30, 2026, subject to customary conditions, and includes a 45-day over-allotment option for up to an additional 1.5 million units.
Key Financial Metrics
Key Facts
- FMAC priced IPO at 10,000,000 units at $10.00 per unit, raising $100 million in gross proceeds.
- Each unit includes one ordinary share and one right to receive 1/5 of a share upon business combination.
- Units begin trading on Nasdaq under FMACU on March 27, 2026; shares and rights to trade separately as FMAC and FMACR post-business combination.
- Closing expected on March 30, 2026, subject to customary conditions.
- Underwriters have a 45-day option to purchase up to 1,500,000 additional units for over-allotments.
- Company is a Cayman Islands SPAC sponsored by Future Wealth Capital Corp., beneficially owned by Siyu Li.
- D. Boral Capital is sole book-running manager.
Financial Impact
$100 million gross proceeds raised; potential for additional $15 million if over-allotment exercised
Risk Factors
- SPACs carry high uncertainty until a target is announced; no assurance of successful business combination.
- Market risk due to potential dilution upon exercise of over-allotment option.
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3263462 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 25, 2026 4w ago | 8-K | $10.06 $10.13 | ▼ −0.70% | ▼ −0.73% | $10.12 (−0.60%) |
Sep 25, 2026 4w ago | Press Release | $10.06 $10.12 | ▼ −0.60% | ▼ −0.63% | $10.12 (−0.60%) |
May 15, 2026 23w ago | Press Release | — | awaiting T+20 | — | — |
Mar 30, 2026 30w ago | Press Release | — | awaiting T+20 | — | — |
Mar 27, 2026 30w ago | 424B4 | — | awaiting T+20 | — | — |
Mar 26, 2026 30w ago | Press Release | — | awaiting T+20 | — | — |
Mar 17, 2026 32w ago | EFFECT | — | awaiting T+20 | — | — |
Mar 13, 2026 32w ago | S-1/A | — | awaiting T+20 | — | — |
Mar 9, 2026 33w ago | S-1/A | — | awaiting T+20 | — | — |
US Market Status
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