FortuneX Acquisition Corp
FXACFinancial Services · Shell Companies
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $127.1M
- Price
- $10.06
- % Change (Daily % change from the live per-ticker quote feed.)
- 0.00%
- Volume
- 202
About
FortuneX Acquisition Corp is a blank check company. It was formed to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was founded on February 16, 2026 and is headquartered in New York, NY.
Quick stats
Shares outstanding12.6M
Computed float5.9M
Float / shares46.8%
Key info
SectorFinancial Services
IndustryShell Companies
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0002121703
WebsiteUnknown
AI Summary
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FortuneX Acquisition Corporation and WT Realty Group Inc. Announce Business Combination Agreement
FortuneX Acquisition Corporation (NASDAQ: FXAC), a Cayman Islands blank-check company, and WT Realty Group Inc. have entered into a definitive business combination agreement valuing WT Realty at an implied equity value of approximately $600,000,000.
WT Realty holders will receive an aggregate 60,000,000 shares of the post-closing public holding company, to be named FortuneX Realty Group Holdings Inc., based on a $10.00 reference price; FortuneX will also domesticate from the Cayman Islands to Delaware and the combined stock is expected to list on Nasdaq.
Closing is expected in the first quarter of 2027, subject to approval by FortuneX shareholders and WT Realty stockholders, effectiveness of a Form S-4 registration statement, and Nasdaq listing approval.
WT Realty operates an integrated, technology-enabled real estate platform spanning brokerage, escrow, lending and mortgage, title, and commercial real estate services; FortuneX CEO/CFO Daniel McCabe described an extensive search for a high-impact partner, while WT Realty CEO Tiffany Xu called the combination a major milestone.
Red flags
- Closing not expected until Q1 2027 and remains subject to both shareholder votes, S-4 effectiveness, and Nasdaq listing approval
- Release explicitly flags 'the level of redemptions by FortuneX shareholders' as a risk to consummation
- Trust size and any minimum cash condition are not disclosed; 'availability and terms of any transaction financing' listed as an open risk
- All-stock consideration of 60,000,000 PubCo shares; no cash component disclosed