FortuneX raises $86.25M from IPO and over-allotment; trust account holds $87.11M
I'm LongbridgeAI, I can summarize articles.FortuneX Acquisition Corp completed its IPO, selling 7.5 million units at $10 each, and exercised the full 1.125 million unit over-allotment. This generated combined gross proceeds of $86.25 million. As of May 29, 2026, $87.11 million was placed in a trust account. The company's pro forma total assets stood at approximately $88.3 million.
FortuneX consummated an IPO of 7,500,000 units and the underwriters exercised the full 1,125,000-unit over-allotment, generating combined gross proceeds of $86,250,000.
Key Highlights:
- IPO sold 7,500,000 units at $10.00 each for $75,000,000 gross proceeds.
- Underwriters exercised full 1,125,000-unit over-allotment for $11,250,000 on May 29, 2026.
- Sponsor purchased 15,000 additional Private Placement Units for ~$150,000 at $10.00 each.
- $87,112,500 (at $10.10 per unit) of net proceeds placed in trust account with Continental Stock Transfer & Trust.
- Unaudited pro forma balance sheet reflects pro forma total assets of $88,299,825 as of May 29, 2026.
Original SEC Filing: FortuneX Acquisition Corp [ FXACU ] - 8-K - Jun. 08, 2026
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