Monitor for the effective date and closing of the IPO, as well as any subsequent announcements regarding potential target businesses. The 24-month completion window and the large trust account provide ample time but also create pressure to deploy capital.
Executive Summary
FutureCorp Space Acquisition 1 filed Amendment No. 1 to its S-1 registration statement for a $200 million SPAC IPO of 20 million units at $10.00 per unit. The blank-check company will focus on acquiring a business in the global space economy. No target has been identified, and the offering proceeds will be held in trust pending a business combination within 24 months.
Key Financial Metrics
Key Facts
- IPO of 20,000,000 units at $10.00 per unit, each consisting of one Class A ordinary share and one-half of one redeemable warrant.
- Underwriters have a 45-day option to purchase up to 3,000,000 additional units.
- $200 million (or $230 million if over-allotment exercised) will be deposited into a trust account.
- Sponsor (FutureCorp Space Acquisition 1 LLC) and Cantor Fitzgerald have committed to purchase 6,000,000 private placement warrants at $1.00 each.
- Company has 24 months from closing to complete an initial business combination, with potential shareholder-approved extensions.
- Sponsor purchased 5,750,000 founder shares for $25,000 ($0.004 per share), subject to forfeiture of up to 750,000 shares depending on over-allotment.
- Management team includes former SpaceX General Counsel David Anderman, former Palantir executive Shawn Pelsinger, and former NYSE executive John Tuttle.
Financial Impact
Total IPO size of $200 million, with $200 million placed in trust. Sponsor and Cantor will invest an additional $6 million in private placement warrants.
Risk Factors
- No target business identified; substantial risk of failing to complete a business combination.
- Significant dilution from founder shares purchased at $0.004 per share versus public offering price of $10.00 per unit.
- Conflicts of interest between sponsor/management and public shareholders due to nominal founder share price and potential fees.
- Trust account may be subject to third-party claims, reducing per-share redemption value.
- NYSE listing requirements may not be maintained post-IPO or post-business combination.
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| S-1/A Filing (Primary) | 0001213900-26-064137 |
| Document: ea028886203ex5-1.htm | 0001213900-26-064137 |
| Document: ea028886203ex23-1.htm | 0001213900-26-064137 |
| Document: 0001213900-26-064137-index-headers.html | 0001213900-26-064137 |
| Document: 0001213900-26-064137-index.html | 0001213900-26-064137 |
| Document: 0001213900-26-064137.txt | 0001213900-26-064137 |
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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