secwatch.observer — SEC 8-K summary
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Issuer:     FortuneX Acquisition Corp (FXAC)
CIK:        0002121703
Form:       8-K
Filed at:   2026-10-14T10:01:53+00:00
Accession:  0001829126-26-011104
Event type: m_and_a
Sentiment:  negative
Materiality: 0.55
Item codes: 1.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2121703/000182912626011104/0001829126-26-011104-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2121703/000182912626011104/fortunexacq_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-26-011104

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