FTRA FutureCorp Space Acquisition 1
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.
Actionable Insight
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.
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
2d ago
|
8-K
| — | awaiting T+20 | — | — |
|
Jun 9, 2026
6d ago
|
8-K
| $10.08 awaiting T+20 | awaiting T+20 | — | — |
|
Jun 8, 2026
6d ago
|
3
| $10.04 awaiting T+20 | awaiting T+20 | — | — |
|
Jun 5, 2026
9d ago
|
424B4
| — | awaiting T+20 | — | — |
|
Jun 5, 2026
10d ago
|
EFFECT
| — | awaiting T+20 | — | — |
|
Jun 5, 2026
10d ago
|
3
| — | awaiting T+20 | — | — |
|
Jun 5, 2026
10d ago
|
3
| — | awaiting T+20 | — | — |
|
Jun 5, 2026
10d ago
|
3
| — | awaiting T+20 | — | — |
|
Jun 5, 2026
10d ago
|
3
| — | awaiting T+20 | — | — |
|
Jun 2, 2026
12d ago
|
S-1/A
| — | awaiting T+20 | — | — |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access