FortuneX Acquisition Corp

FortuneX Acquisition Corporation and WT Realty Group Inc. Announce Business Combination Agreement

FortuneX Acquisition Corporation (NASDAQ: FXAC), a Cayman Islands blank-check company, and WT Realty Group Inc. have entered into a definitive business combination agreement valuing WT Realty at an implied equity value of approximately $600,000,000. WT Realty holders will receive an aggregate 60,000,000 shares of the post-closing public holding company, to be named FortuneX Realty Group Holdings Inc., based on a $10.00 reference price; FortuneX will also domesticate from the Cayman Islands to Delaware and the combined stock is expected to list on Nasdaq. Closing is expected in the first quarter of 2027, subject to approval by FortuneX shareholders and WT Realty stockholders, effectiveness of a Form S-4 registration statement, and Nasdaq listing approval. WT Realty operates an integrated, technology-enabled real estate platform spanning brokerage, escrow, lending and mortgage, title, and commercial real estate services; FortuneX CEO/CFO Daniel McCabe described an extensive search for a high-impact partner, while WT Realty CEO Tiffany Xu called the combination a major milestone.

•1mo ago