FutureCrest Acquisition Corp.

FCRS: 10-Q · periodic report

FutureCrest Acquisition Corp., a pre-deal SPAC that raised $287.5 million in its September 29, 2025 IPO, reported Q2 2026 net income of $2.34 million ($4.03 million for the six months), driven almost entirely by $2.59 million of interest earned on the $295.4 million trust account. The company disclosed that its liquidity condition raises substantial doubt about its ability to continue as a going concern, as it held only $628,302 of cash outside the trust against ongoing public-company and deal-sourcing costs. FutureCrest has not selected a business combination target and has had no substantive discussions with any candidate, leaving it until roughly September 2027 (the 24-month completion window) to close a deal or redeem public shares at approximately $10.28 each. The balance sheet carries a $12.35 million shareholders' deficit and a $12.25 million deferred underwriting fee payable only upon deal completion, and management said it may need additional loans or investments from the Sponsor, officers, or third parties to fund operations.

SEC 10-Q•2mo ago