Standard SPAC IPO filing — no trading catalyst. Monitor for the 8-K filing with audited balance sheet post-closing (required within 4 business days) and any subsequent announcements regarding a business combination target. The stock will trade as units initially; shares and warrants will separate on the 52nd day post-IPO.
Price Chart
Executive Summary
FutureCorp Space Acquisition 1 (FTRA-UN) filed an 8-K documenting the underwriting agreement for its IPO of 20,000,000 units at $10.00/unit, with an over-allotment option for up to 3,000,000 additional units. The filing also covers the private placement of 6,000,000 placement warrants to the sponsor and underwriter at $1.00/warrant, the issuance of 5,750,000 founder shares to the sponsor, and related agreements. This is a standard SPAC IPO filing — the company has no operations and no target business identified yet.
Key Financial Metrics
Key Facts
- IPO of 20,000,000 units at $10.00/unit, each consisting of one Class A ordinary share and one-half of one redeemable warrant
- Underwriters' over-allotment option for up to 3,000,000 additional units exercisable within 45 days
- Sponsor purchased 4,000,000 private placement warrants at $1.00/warrant; underwriter purchased 2,000,000 at $1.00/warrant
- Sponsor holds 5,750,000 founder shares (Class B), up to 750,000 subject to forfeiture depending on over-allotment exercise
- Approximately $200M from IPO proceeds deposited into trust account; $1.25M held outside for working capital
- Company has not selected any specific business combination target
- Units, shares, and warrants approved for listing on Nasdaq
Financial Impact
Gross proceeds of $200M from firm units ($230M if over-allotment fully exercised); $200M deposited in trust account; $1.25M available for working capital outside trust
Risk Factors
- No target business identified — risk of liquidation if no business combination completed within required timeframe
- Founder shares represent significant potential dilution (20% of post-IPO shares before over-allotment)
- Warrant exercise price of $11.50/share creates overhang; warrants only exercisable after business combination
Market Snapshot
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001213900-26-066503 |
| Document: ea029400701ex10-2.htm | 0001213900-26-066503 |
| Document: ea029400701ex4-1.htm | 0001213900-26-066503 |
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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