FortuneX SPAC signs $600M deal to merge with WT Realty; 60M shares consideration

FortuneX Acquisition Corp

WT Realty equity value $600M; aggregate merger consideration fixed at 60M PubCo shares, no price adjustment.
FortuneX to domesticate to Delaware; WT Realty survives merger as wholly-owned subsidiary; redemptions allowed.
Sponsor to receive $2,431,250 in loans ($931,250 upfront, three $500K milestones), repaid at closing.
FortuneX transaction expenses capped at $1.5M if closing by May 26, 2027; $500K termination fee for breach.
Outside closing date May 26, 2027; Form S-4 proxy/prospectus to be filed; no PIPE committed yet.

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