3 ·Filed Jun 4, 2026
Form 3 — initial insider ownership statement
Actionable Insight • Neutral
Monitor for future announcements regarding the SPAC's initial business combination target, as insider ownership may influence deal outcomes.
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Executive Summary
Sudhin Shahani filed a Form 3 disclosing beneficial ownership of 5,750,000 Class A ordinary shares and an undisclosed number of Class B ordinary shares in FutureCorp Space Acquisition 1, a SPAC. This is a routine initial ownership filing by an insider with no material financial impact.
Key Facts
- Sudhin Shahani reported indirect beneficial ownership of 5,750,000 Class A ordinary shares via FutureCorp Space Acquisition 1 LLC (the Sponsor).
- Class B ordinary shares are held by the Sponsor, with up to 750,000 shares subject to forfeiture depending on underwriters' over-allotment exercise.
- Shahani, along with Joshua B. Marks, controls the Sponsor's investment decisions through a chain of LLCs.
Financial Impact
No financial impact; filing is a routine ownership disclosure.
Risk Factors
- SPAC may fail to complete a business combination within the required timeframe.
- Forfeiture of Class B shares could reduce insider stake if over-allotment option is not exercised.
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 3 Filing (Primary) | 0001213900-26-065464 |
| Document: 0001213900-26-065464-index.html | 0001213900-26-065464 |
| Document: 0001213900-26-065464.txt | 0001213900-26-065464 |
10 reports for FTRA
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| Type | Now | ||||
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Jun 12, 2026 19w ago | 8-K | — | awaiting T+20 | — | — |
Jun 8, 2026 20w ago | 8-K | $10.17 $10.11 | ▼ −0.59% | ▼ −1.98% | $9.87 (−2.95%) |
Jun 8, 2026 20w ago | 3 | $10.11 $10.12 | ▲ +0.05% | ▼ −1.36% | $9.87 (−2.37%) |
Jun 5, 2026 20w ago | 424B4 | — | awaiting T+20 | — | — |
Jun 5, 2026 20w ago | EFFECT | — | awaiting T+20 | — | — |
Jun 4, 2026 20w ago | 3 | — | awaiting T+20 | — | — |
Jun 4, 2026 20w ago | 3 | — | awaiting T+20 | — | — |
Jun 4, 2026 20w ago | 3 | — | awaiting T+20 | — | — |
Jun 4, 2026 20w ago | 3 | — | awaiting T+20 | — | — |
Jun 2, 2026 20w ago | S-1/A | — | awaiting T+20 | — | — |
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