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.
Key figures
- Deal Value Usd
- 600000000
- Pubco name
- FortuneX Realty Group Holdings Inc.
- Expected close
- Q1 2027
- Consideration type
- all-stock (60,000,000 PubCo shares)
- Reference price per share
- 10
- Merger consideration shares
- 60000000
AI analysis
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