Appleby is pleased to have acted as Cayman Islands legal counsel to FutureCrest Acquisition Corp. (the "Company") in connection with the closing of its initial public offering (IPO) of 28,750,000 units, which includes 3,750,000 units issued pursuant to the full exercise of the underwriters' over-allotment option. The units were priced at US $10.00 each, raising gross proceeds of US $287.5 million.
Appleby is pleased to have acted as Cayman Islands legal counsel to FutureCrest Acquisition Corp. (the "Company") in connection with the closing of its initial public offering (IPO) of 28,750,000 units, which includes 3,750,000 units issued pursuant to the full exercise of the underwriters' over-allotment option. The units were priced at US $10.00 each, raising gross proceeds of US $287.5 million.
The Company's units began trading on 26 September 2025 on the New York Stock Exchange (NYSE) under the ticker symbol "FCRS.U." Each unit consists of one Class A ordinary share and one-quarter of a redeemable warrant. Each whole warrant entitles the holder to purchase one Class A ordinary share at an exercise price of US $11.50 per share, subject to customary adjustments. Only whole warrants will trade, and once the securities trade separately, the Class A ordinary shares and warrants are expected to be listed under the symbols "FCRS" and "FCRS WS," respectively.
A total of US $287.5 million, representing US $10.00 per unit sold in the IPO and including proceeds from a concurrent private placement of warrants, has been deposited into a trust account established by the Company.
FutureCrest Acquisition Corp. is a special purpose acquisition company formed to complete a merger, share exchange, asset acquisition, share purchase, reorganisation or similar business combination. The Company intends to focus on potential targets operating in the artificial intelligence, digital assets, fintech, infrastructure, robotics and communications sectors.
Appleby advised on the Cayman Islands legal aspects of the transaction. The Appleby team was led by Counsel Alexandra Low, with Partner Simon Raftopoulos and other members of the corporate team.
Appleby Corporate remains a leading advisor in SPAC transactions and international capital markets work.