FutureCrest Acquisition Corp. closes $287.5M IPO and $7M private placement

FutureCrest Acquisition Corp.

Closed IPO of 28,750,000 units at $10.00/unit, raising $287.5M gross proceeds.
Simultaneous private placement of 3,500,000 warrants at $2.00 each generated $7M gross.
Net proceeds of $287.5M deposited into trust account for future business combination.
Deferred underwriting fee of $12.25M; total offering costs $17.86M.
Balance sheet shows $288.9M assets, $287.5M trust, $10.9M accumulated deficit from IPO costs.

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