FortuneX Acquisition Corp Form 8-K — Oct 14, 2026
FortuneX Acquisition Corp disclosed a First Amendment to its Business Combination Agreement with WT Realty Group Inc., signed October 13, 2026. The amendment reduces the aggregate merger consideration from 60,000,000 PubCo shares ($600 million agreed equity value) to 52,500,000 shares, equal to a $525 million equity value at a $10.00 reference price — a 12.5% cut in the deal's implied value.
Key figures
- Shares Outstanding
- 52,500,000 shares of PubCo Common Stock as amended merger consideration (reduced from 60,000,000)
- Amended shares
- 52,500,000
- Original shares
- 60,000,000
- Reference price
- $10.00 per share
- Amended equity value
- $525,000,000
- Original equity value
- $600,000,000
- Warrant exercise price
- $11.50
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