FutureCorp Space Acquisition 1 has closed its initial public offering, raising $230,000,000 in gross proceeds through the sale of 23,000,000 units priced at $10.00 each. The offering included 3,000,000 units issued pursuant to the full exercise of the underwriters' over-allotment option. The units began trading on The New York Stock Exchange (NYSE) on June 5, 2026, under the ticker symbol FTRAU.

Each unit consists of one Class A ordinary share and one-half of one redeemable warrant. Each whole warrant entitles the holder to purchase one Class A ordinary share at an exercise price of $11.50 per share, subject to adjustment. Once the securities begin separate trading, the Class A ordinary shares and warrants are expected to be listed on the NYSE under the symbols FTRA and FTRAW, respectively.

Trust Account and Proceeds

Of the total proceeds received from the offering and a simultaneous private placement of warrants, $230,000,000, or $10.00 per unit sold, was placed in a trust account. This capital is intended to fund future business combinations.

Strategic Focus

FutureCorp Space Acquisition 1 is a blank check company formed to effect a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company's primary focus is on the global space economy and adjacent industries. Target sectors include space manufacturing and component supply chains, launch platforms, in-orbit services and habitats, in-orbit computing and manufacturing, space-based telecommunications, Earth observation, and defense-related activities.

Management and Leadership

The company's management team is led by Joshua B. Marks, Chief Executive Officer and Chief Financial Officer. Other key officers include Matthew A. Long, General Counsel, and Sudhin R. Shahani, Chairman of the Board of Directors. The Board also includes David J. Anderman, Shawn K. Pelsinger, and John R. Tuttle.

Offering Details

Cantor Fitzgerald & Co. acted as the sole book-running manager for the offering. A registration statement relating to the securities was declared effective by the U.S. Securities and Exchange Commission (SEC) on June 4, 2026.