other material
confidence high
sentiment neutral
materiality 0.50
FortuneX Acquisition closes over-allotment option, adds $11.25M gross proceeds
FortuneX Acquisition Corp
- Underwriters exercised full over-allotment for 1,125,000 units at $10.00/unit, generating $11.25M.
- Concurrent private placement of 15,000 units to Sponsor FortuneX Investment Partners raised $150,000.
- Pro forma trust account totals $87.1M ($10.10 per unit) as of May 29, 2026.
- Total IPO and over-allotment units sold: 8,625,000 units at $10.00 each.