FutureCrest Acquisition Corp. IPO - What You Need to Know

Hey there! Thinking about investing in FutureCrest’s IPO? Let’s break it down in plain English so you know exactly what you’re getting into.

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1. What does FutureCrest actually do?

FutureCrest isn’t a regular company that sells products or services. It’s a “blank check company” – imagine a group of investors pooling money to go shopping for a private business they can take public. Their only job is to find a company to buy or merge with (like a startup or a growing business) by June 30, 2025. If they don’t find one, they shut down and return the money.

Note: The company hasn’t specified what industry or type of business they’re targeting, which adds uncertainty.

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2. How do they make money? Are they growing?

Right now, they lost $9 million even before starting (yikes!). They’re just holding cash from investors (like you) until they find a company to buy. Their success depends entirely on how well they pick a target. If they merge with the next big thing, your investment could grow. But if they pick poorly… well, you get the idea.

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3. What will they do with the IPO money?

• $250 million goes into a savings account (called a “trust”) while they hunt for a company to buy.
• $1.25 million stays outside the trust for expenses – like $375,000 for insurance to protect their executives (yes, you’re paying for that).
  If they succeed, that trust money goes toward buying the target. If they fail, you get your money back (minus fees – more on that later).

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4. What are the main risks?

• They’re starting $9 million in the hole from setup costs.
• Hidden fees add up: Even if they fail, you lose money to:
  • $10 million in banker fees (called “deferred underwriting”)
  • $318,500 for extra shares they might issue (“over-allotment liability”)
• Time crunch. They have until June 30, 2025 to find a deal. After that? Game over.
• No safety net. They have $7,859 in actual ownership value right now – less than a used car.

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5. Who’s running the show?

• CEO: Jane Park – 20+ years in tech investing. Helped launch two startups that later sold for big bucks.
• Board Members: Mix of finance pros and ex-CEOs. The company didn’t provide much detail about their specific track records in their filing.

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6. Where will it trade? What’s the symbol?

Planned to list on the NYSE (New York Stock Exchange) under the symbol FCRT. Double-check this before investing – symbols can change last-minute!

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7. How many shares? What’s the price?

• 25 million shares offered initially (could go up to 28.75 million if there’s big demand).
• Price: $10 per share (typical for SPACs).
• Total raised: $250 million (if all shares sell).

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The Bottom Line:

FutureCrest is a bet on their team’s ability to find a hidden gem by June 2025. It’s riskier than regular stocks – you’re paying banker fees even if they fail, and they’re already $9 million behind. Only invest money you’re okay losing!

Heads up: This IPO filing lacks details about their target industry and specific plans, which makes it harder to evaluate their potential. Always do your own research or talk to a financial advisor. SPACs aren’t for everyone! 😊

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Details from SEC Filing S-1. Check the full filing for updates before investing.

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