8-K
filed May 29, 2026, 5:32 PM ET
ticker FXAC
CIK 0002121703
other material
confidence high
sentiment neutral
materiality 0.80
FortuneX Acquisition closes IPO of 8.625M units at $10/unit, raising $86.25M gross
FortuneX Acquisition Corp
- IPO closed May 26, 2026: 7,500,000 units at $10/unit for $75M gross; over-allotment exercised May 28: 1,125,000 units for $11.25M additional.
- Private placement of 260,000 private placement units to sponsor at $10/unit, raising $2.6M.
- Three new independent directors appointed: Becky Fallon, Sean Michael Deegan, Robert Labbe, effective May 19, 2026.
- Amended and restated memorandum and articles of association adopted effective May 19, 2026.
- Units listed on Nasdaq under FXACU; ordinary shares FXAC and warrants FXACW expected to trade separately later.
Key facts
Extracted from this filing and checked against the source text.
Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.9
FortuneX Acquisition Corp issued 260,000 Units of unit to FortuneX Investment Partners Limited (the Sponsor) for $10.00 per Private Unit, generating aggregate gross proceeds of $2,600,000.
- Security
- unit
- Shares
- 260,000 Units
- Purchaser
- FortuneX Investment Partners Limited (the Sponsor)
- Consideration
- $10.00 per Private Unit, generating aggregate gross proceeds of $2,600,000
Exact text from the filing
Simultaneously with the consummation of the IPO, the Company consummated a private placement (the “Private Placement”) with the Sponsor for 260,000 Units (the “Private Units”) at a price of $10.00 per Private Unit, generating aggregate gross proceeds of $2,600,000.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Becky Fallon was appointed as Director at FortuneX Acquisition Corp.
- Action
- appointed
- Role
- Director
Exact text from the filing
Effective May 19, 2026, in connection with the effectiveness of the Company’s Registration Statement, Becky Fallon, Sean Michael Deegan, and Robert Labbe became members of the board of directors (the “Board”) of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Sean Michael Deegan was appointed as Director at FortuneX Acquisition Corp.
- Action
- appointed
- Role
- Director
Exact text from the filing
Effective May 19, 2026, in connection with the effectiveness of the Company’s Registration Statement, Becky Fallon, Sean Michael Deegan, and Robert Labbe became members of the board of directors (the “Board”) of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Robert Labbe was appointed as Director at FortuneX Acquisition Corp.
- Action
- appointed
- Role
- Director
Exact text from the filing
Effective May 19, 2026, in connection with the effectiveness of the Company’s Registration Statement, Becky Fallon, Sean Michael Deegan, and Robert Labbe became members of the board of directors (the “Board”) of the Company.
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
FortuneX Acquisition Corp: Adopted Amended and Restated Memorandum and Articles of Association effective upon effectiveness of Registration Statement (effective 2026-05-19).
- Change
- charter amendment
- Effective
- 2026-05-19
Exact text from the filing
On May 19, 2026, the Company adopted its Amended and Restated Memorandum and Articles of Association, which became effective upon the effectiveness of the Company’s Registration Statement.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
FortuneX Acquisition Corp entered into Underwriting Agreement with Polaris Advisory Partners, a division of Kingswood Capital Partners LLC valued at $86,250,000 aggregate gross proceeds from sale of 8,625,000 Units at $10.00 per Unit (effective 2026-05-21).
- Action
- entry
- Agreement
- underwriting
- Counterparty
- Polaris Advisory Partners, a division of Kingswood Capital Partners LLC
- Value
- $86,250,000 aggregate gross proceeds from sale of 8,625,000 Units at $10.00 per Unit
- Effective
- 2026-05-21
Exact text from the filing
Underwriting Agreement, dated May 21, 2026, by and between the Company and Polaris Advisory Partners, a division of Kingswood Capital Partners LLC, as sole book-running manager for the offering
View on SEC.gov
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