Future Money Acquisition Corp closes $112 million IPO; $112.56 million placed in trust
On March 30, 2026, Future Money Acquisition Corp, a blank check company, closed its initial public offering of 11,200,000 units at $10.00 each, for gross proceeds of $112 million, and sold 304,000 private placement units to its sponsor for $3.04 million. The company placed $112.56 million, or $10.05 per unit, in a trust account, and its auditor included a going concern paragraph citing the 15-month deadline to complete a business combination.
Key points
- IPO of 11,200,000 units at $10.00 per unit, generating $112,000,000 in gross proceeds, closed March 30, 2026
- Private placement of 304,000 units to sponsor Future Wealth Capital Corp for $3,040,000
- $112,560,000 ($10.05 per unit) placed in trust account with Equiniti Trust Company, LLC; company has until June 30, 2027 to complete a business combination
- Auditor HYYH CPA, LLC cited substantial doubt about the company's ability to continue as a going concern
The filing
Written by AI on Nov 9, 2026, 11:48 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 April 03, 2026.
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.