Standard SPAC IPO with no immediate trading catalyst. Monitor for business combination announcements over the next 24 months. Units begin trading immediately; separate trading of shares and warrants expected 52 days post-offering.
Executive Summary
FutureCorp Space Acquisition 1 completed its $200 million IPO of 20 million units at $10.00 per unit, with Cantor Fitzgerald as sole book-runner. The SPAC will focus on acquiring a business in the global space economy within 24 months. The offering is a standard blank-check IPO with $200 million placed in trust and no target identified yet.
Key Financial Metrics
Key Facts
- 20,000,000 units priced at $10.00 each for total gross proceeds of $200,000,000
- Each unit consists of one Class A ordinary share and one-half of one redeemable warrant (exercise price $11.50)
- $200,000,000 placed in trust account; approximately $1,250,000 held outside for working capital
- Sponsor and Cantor Fitzgerald purchased 6,000,000 private placement warrants at $1.00 each ($6,000,000 total)
- Founder shares (5,750,000 Class B shares) purchased for $25,000, representing 20% of post-offering shares
- Underwriters have 45-day option for an additional 3,000,000 units
- 24-month deadline to complete a business combination; NYSE symbols FTRAU (units), FTRA (shares), FTRAW (warrants)
- No target identified; focus on global space economy and adjacent industries
Financial Impact
Gross proceeds of $200,000,000 with $8,000,000 in deferred underwriting commissions. Net proceeds after expenses approximately $188,000,000 to company before trust deposit.
Risk Factors
- No target identified — may fail to complete a business combination within 24 months, resulting in liquidation
- Sponsor paid $0.004 per founder share vs $10.00 per public unit — significant dilution risk to public shareholders
- 10,000,000 public warrants and 6,000,000 private placement warrants create additional dilution upon exercise
- Bank check company with no operations, no revenues, and a going concern risk as of March 31, 2026
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 424B4 Filing (Primary) | 0001213900-26-065927 |
| Document: 0001213900-26-065927-index-headers.html | 0001213900-26-065927 |
| Document: 0001213900-26-065927-index.html | 0001213900-26-065927 |
| Document: 0001213900-26-065927.txt | 0001213900-26-065927 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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 21w ago | S-1/A | — | awaiting T+20 | — | — |
US Market Status
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