FutureCrest Acquisition Corp. closes $287.5M SPAC IPO; 28.75M units at $10 each with full over-allotment

FutureCrest Acquisition Corp.

Gross proceeds of $287.5M from IPO and private placement deposited into trust account; closed Sept 29, 2025.
Private placement of 3.5M warrants at $2.00 each to sponsor and underwriter raised $7.0M.
Appointed four independent directors (Semler, Ginns, Englebardt, Sharbutt); board now three classes with committee chairs.
Company targets initial business combination in AI, digital assets, fintech, infrastructure, robotics, or communications.
Underwriters exercised over-allotment option in full, purchasing additional 3.75M units.

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