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AI brief of an SEC Form 8-K · FutureCorp Space Acquisition 1 (FTRA)

FutureCorp Space Acquisition 1 files audited balance sheet after $230 million IPO

Neutral Impact 2 of 5 financing Written later

FutureCorp Space Acquisition 1, a blank check company, filed an audited balance sheet as of June 8, 2026, showing the receipt of $230 million from its initial public offering and private placement. The company has not selected a business combination target, so shareholders' money remains in a trust account until a deal is completed or the company liquidates.

Key points

  • 23,000,000 units sold at $10.00 each for $230 million gross proceeds, including 3,000,000 units from the full exercise of the over-allotment option
  • 6,000,000 private placement warrants sold at $1.00 each for $6 million, 4,000,000 to the sponsor and 2,000,000 to Cantor Fitzgerald & Co.
  • The full $230 million was placed in a trust account maintained by Continental Stock Transfer & Trust Company, including a $9.8 million deferred underwriting fee
  • The company has 24 months from the IPO closing to complete a business combination, and its balance sheet shows a total shareholders' deficit of $8,616,765 as of June 8, 2026

The filing

CompanyFutureCorp Space Acquisition 1 (FTRA)
Form8-K, current report
Filed with the SECJun 12, 2026, 5:26 PM ET
Accession number0001213900-26-068397

Items reported: 8.01 Other Events

Read the filing on SEC.gov ↗

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 June 12, 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.