FortuneX SPAC cuts WT Realty merger consideration 12.5% to 52.5M shares, valuing target at $525M

FortuneX Acquisition Corp

First Amendment to Sept 18, 2026 Business Combination Agreement trims Aggregate Merger Consideration from 60,000,000 to 52,500,000 PubCo shares.
Implied equity value for WT Realty Group drops to $525,000,000 from $600,000,000, based on a $10.00 per share reference price.
Consideration remains a fixed share count with no adjustment for cash, debt, net debt, working capital, or any purchase price adjustment, escrow or holdback.
Amendment dated Oct 13, 2026, signed by FortuneX CEO Daniel M. McCabe and WT Realty CEO Tiffany Xu; all other BCA terms remain in effect.
FortuneX units (FXACU), ordinary shares (FXAC) and warrants (FXACW) trade on Nasdaq; warrants exercisable at $11.50 per share.

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