FutureCrest Acquisition completes $287.5 million IPO

FutureCrest Acquisition Corp. (NYSE: FCRSU) completed its initial public offering of 28.75 million units at $10.00 per unit, raising gross proceeds of $287.5 million, according to a company statement.

The offering included 3.75 million units issued through the full exercise of underwriters' over-allotment option. Units began trading on the New York Stock Exchange on September 26, 2025, under the ticker symbol "FCRS.U."

Each unit consists of one Class A ordinary share and one-quarter of one redeemable warrant. Each whole warrant allows the holder to purchase one Class A ordinary share at $11.50 per share. The Class A ordinary shares and warrants are expected to trade separately on NYSE under symbols "FCRS" and "FCRS WS" respectively.

The company placed $287.5 million from the offering proceeds into a trust account. FutureCrest is a special purpose acquisition company formed to pursue mergers or business combinations with target companies in artificial intelligence, digital assets, fintech, infrastructure, robotics and communications industries.

Thomas J. Lee serves as Chief Executive Officer and Director, while Chi Tsang holds the position of Chief Financial Officer and Director. The Board of Directors includes Eric Semler, Seth Ginns, Sam Englebardt and David E. Sharbutt.

Cantor Fitzgerald & Co. acted as sole book-running manager for the offering. The Securities and Exchange Commission declared the registration statement effective on September 25, 2025.

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