FortuneX Acquisition Corp Form 8-K — Sep 22, 2026
FortuneX Acquisition Corporation (Nasdaq: FXAC) entered into a Business Combination Agreement with WT Realty Group Inc. on September 18, 2026, under which the SPAC will domesticate to Delaware and Merger Sub will merge into WT Realty, making it a wholly-owned subsidiary of the renamed public company. WT Realty securityholders will receive a fixed 60,000,000 shares of PubCo common stock, reflecting an agreed equity value of $600 million at a $10.00 reference price, with no purchase price adjustments, escrow, or holdback. Post-closing, PubCo's board will have seven directors, six designated by WT Realty.
Key figures
- Deal Value Usd
- 600000000
- Termination fee
- 500000
- Pubco board size
- 7
- Spac expense cap
- 1500000
- Sponsor loans total
- 2431250
- Outside closing date
- May 26, 2027
- Warrant exercise price
- 11.5
- Reference price per share
- 10
- Sponsor call option price
- 4000000
- Sponsor loan escrow release
- 931250
- Aggregate merger consideration shares
- 60000000
Price after filing
Close on the filing date to close N calendar days later (from $10.07). Historical, not a forecast.
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.