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AI brief of an SEC Form 8-K · FIGX Capital Acquisition Corp. (FIGX)

FIGX Capital Acquisition closes $150 million IPO and places proceeds in trust account

Neutral Impact 3 of 5 financing Written later

FIGX Capital Acquisition Corp., a blank check company, closed its initial public offering of 15,065,000 units on June 30, 2025, including the full exercise of the underwriters' over-allotment option. The filing says the proceeds were placed in a U.S.-based trust account, which is the pool of funds that shareholders can redeem from upon completing a business combination. The company has not yet selected a target business.

Key points

  • IPO closed June 30, 2025: 15,065,000 units at $10.00 per unit, including 1,965,000 units from the over-allotment option
  • Private placement of 443,470 units at $10.00 each ($4,434,700): sponsor FIGX Acquisition Partners LLC bought 312,470 and Cantor Fitzgerald & Co. bought 131,000
  • Trust account held $150,650,000 ($10.00 per unit) with Continental Stock Transfer & Trust Company as trustee; deferred underwriting fee of $6,419,000
  • Item 8.01 gives gross IPO proceeds of $150,165,000, while Note 1 and the balance sheet show $150,650,000

The filing

CompanyFIGX Capital Acquisition Corp. (FIGX)
Form8-K, current report
Filed with the SECJul 7, 2025, 5:00 PM ET
Accession number0001213900-25-061820

Items reported: 8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 11:46 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 07, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.