This is a standard SPAC IPO filing with no target identified. The stock will trade near the trust value of $10.00 per share until a business combination is announced. Monitor for any 8-K filings regarding a definitive agreement with a target, which would be the primary catalyst for price movement. The warrants (FTRAUW) will trade separately and are exercisable at $11.50 post-business combination.
Price Chart
Executive Summary
FutureCorp Space Acquisition 1 filed an 8-K reporting the consummation of its initial public offering (IPO) on June 9, 2026, including the full exercise of the underwriters' over-allotment option. The SPAC raised $230,000,000 in gross proceeds from 23,000,000 units at $10.00 per unit, plus $6,000,000 from a concurrent private placement of 6,000,000 warrants to the sponsor and Cantor Fitzgerald. The net proceeds are held in a trust account pending a business combination, which must be completed within 24 months.
Key Facts
- IPO of 23,000,000 units at $10.00 per unit, generating gross proceeds of $230,000,000
- Full exercise of underwriters' over-allotment option for 3,000,000 additional units
- Concurrent private placement of 6,000,000 warrants at $1.00 each to sponsor and Cantor Fitzgerald, raising $6,000,000
- Total of $230,000,000 deposited in trust account ($10.00 per unit)
- Transaction costs of $14,498,434, including $4,000,000 cash underwriting fee and $9,800,000 deferred underwriting fee
- Company has 24 months from IPO closing to complete a business combination or will liquidate
- As of June 8, 2026, the company had no operating revenues and an accumulated deficit of $8,617,340
- Sponsor holds 5,750,000 founder shares (Class B ordinary shares) with a lock-up of at least one year post-business combination
Financial Impact
IPO raised $230,000,000 in gross proceeds, with $230,000,000 placed in trust. Private placement added $6,000,000. Total offering costs were $14,498,434.
Risk Factors
- No target identified; risk of liquidation if no business combination completed within 24 months
- Sponsor indemnification for trust account claims is limited; sponsor's only assets are company securities
- Deferred underwriting fee of $9,800,000 payable only upon completion of a business combination
- Geopolitical risks (Russia-Ukraine, Middle East conflicts) could disrupt search for target
Market Snapshot
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001213900-26-068397 |
| Document: ea0294611-8k_futurecorp1.htm | 0001213900-26-068397 |
| Document: 0001213900-26-068397-index-headers.html | 0001213900-26-068397 |
| Document: 0001213900-26-068397-index.html | 0001213900-26-068397 |
| Document: 0001213900-26-068397.txt | 0001213900-26-068397 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jun 12, 2026 19w ago | 8-K | — | awaiting T+20 | — | — |
Jun 8, 2026 19w 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 | — | — |
US Market Status
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