FTRA SEC filings, in plain English
Everything FutureCorp Space Acq 1 has filed with the SEC that we hold — 24 filings, newest first, 22 with a plain-English summary of what changed and why it matters. Every row links to the primary document on EDGAR, so you can check the source rather than trust us.
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What changed: A Joint Filing Agreement (Exhibit A) attached to a Schedule 13G/A amendment, executed on August 14, 2026, by Harraden Circle Investments, LLC and Frederick V. Fortmiller, Jr., to authorize the joint submission of the beneficial ownership report under Rule 13d-1(k) of the Securities Exchange Act of 1934. The filing records that Harraden Circle Investments, LLC and Fortmiller have mutually authorized each other to submit the Schedule 13G/A amendment on their behalf. The exhibit text contains only the joint authorization clause, signature blocks, and titles; it discloses no amended share counts, ownership percentages, acquisition dates, or stated purposes for the filing. Why it matters: Regarding the redemption calendar, trust value, extension mechanisms, deal progress, and sponsor conduct referenced in the submission metadata, this document bears no operative impact. As a routine procedural compliance exhibit, it confirms a co-reporting structure without altering shareholder redemption rights, triggering extension votes, modifying trust administration, or signaling target selection activity. No additional substantive information concerning customer relationships, revenue projections, total addressable market, proprietary technology, strategic partnerships, active litigation, or executive personnel matters is contained within the agreement.
What changed: A Schedule 13G beneficial ownership report, categorized as a routine compliance exhibit, filed on August 14, 2026 under SEC accession number 0001326389-26-000058 by Polar Asset Management Partners Inc. The provided excerpt contains no share counts, ownership percentages, or transaction history. It discloses no adjustments to redemption deadlines, trust account valuations, extension mechanisms, target due diligence or negotiation status, or sponsor governance and conduct. Why it matters: As a passive institutional ownership disclosure, it does not accelerate the SEARCHING phase, alter the stated liquidation horizon, or introduce commercial claims regarding customers, revenue streams, total addressable markets, proprietary technology, strategic alliances, leadership changes, or active litigation. Because the filing conveys no operational or capital structure developments, it carries no immediate weight for timing redemptions, evaluating trust sufficiency, or assessing deal progression; investors should monitor subsequent DEF 14A, S-4/A, or Form 8-K submissions for binding SPAC mechanics.
What changed: A Joint Filing Agreement attached to Exhibit 99.1 for a Schedule 13G beneficial ownership report regarding FUTURECORP SPACE ACQUISITION 1 shares, executed by MAGNETAR FINANCIAL LLC, MAGNETAR CAPITAL PARTNERS LP, SUPERNOVA MANAGEMENT LLC, and DAVID J. SNYDERMAN through attorney-in-fact Hayley Stein on August 13, 2026. The four named signatories formally agreed to file jointly on each other’s behalf pursuant to Rule 13d-1(k) for a beneficial ownership statement covering FTRA shares as of June 30, 2026. The document reports no adjustments to SPAC redemption windows, trust distributions, extension proposals, acquisition timelines, or sponsor governance. The only mechanical update is the formalization of a shared regulatory reporting channel among these affiliated investment vehicles and David J. Snyderman. Why it matters: This routine compliance exhibit contains no claims regarding customers, revenue, market size, technology, partnerships, litigation, or personnel strategy. As attributed to the filers, it solely acknowledges administrative previsions under the Securities Exchange Act to streamline Schedule 13G submissions. For investors monitoring FTRA, it does not shift the SEARCHING status, trust share valuations, or the 2028-06-05 liquidation deadline, nor does it signal advancement toward a business combination or a change in sponsor conduct. Its substantive value is limited to clarifying how Magnetar’s managed entities coordinate their equity disclosure obligations for the reported holdings.
What changed: This is a Form 10-Q quarterly report filed by FutureCorp Space Acquisition 1 (FTRA) for the quarter ended June 30, 2026. It includes unaudited condensed financial statements and MD&A. This is the SPAC's first quarterly report since its inception and IPO. Key changes include: (1) consummation of its Initial Public Offering on June 8, 2026, of 23,000,000 units at $10.00 per unit, including full exercise of the underwriters' over-allotment option; (2) concurrent private placement of 6,000,000 Private Placement Warrants at $1.00 per warrant, generating $6,000,000; (3) net proceeds of $230,000,000 placed in the Trust Account; (4) as a result, the company transitioned from no operations to holding $230,490,916 in trust assets and $1,003,716 in cash; (5) total transaction costs of $14,498,434 were incurred; (6) 5,750,000 Class B founder shares were issued to the sponsor, with 750,000 shares previously subject to forfeiture now vested; (7) $208,750 in share-based compensation was recorded for founder shares assigned to directors; (8) working capital of $1,036,877 was reported. Why it matters: This filing establishes the baseline financial structure of the SPAC post-IPO. Key items for investors include: (1) the trust holds $230,490,916, or $10.02 per public share, vs. an initial $10.00 per share; (2) the deadline to complete a business combination is 24 months from June 8, 2026, or June 8, 2028; (3) the company has not yet identified any target or held substantive discussions; (4) no working capital loans or promissory note borrowings were outstanding; (5) $9.8 million in deferred underwriting fees are payable only upon completion of a business combination; (6) the company has one reportable segment and no operating revenues. The filing contains no updates on a prospective deal, no litigation, and no change to risk factors.
What changed: Form 8-K current report and accompanying press release announcing the post-IPO separation of units into underlying Class A ordinary shares and redeemable warrants. The Company issued a press release stating that holders of its initial public offering units may elect to separately trade the Class A ordinary shares and warrants commencing on July 27, 2026. The document notes that a related registration statement was declared effective by the SEC on June 4, 2026, and identifies Cantor Fitzgerald & Co. as the capital markets contact for obtaining prospectus copies. Why it matters: This is a routine, non-discretionary post-offering mechanical announcement. It does not affect the redemption calendar, alter the trust value per share, trigger an extension, update business combination progress, or reveal changes in sponsor conduct. The substantive details for investors are the official confirmation of the warrant terms: each whole warrant entitles the holder to purchase one Class A ordinary share at an exercise price of $11.50, and the Class A ordinary shares carry a $0.0001 par value. Separately traded securities will list on the NYSE under tickers FTRA and FTRAW, while unsplit units remain FTRAU. The press release also outlines the Company's investment strategy, stating it intends to concentrate on the global space economy and adjacent industries including space manufacturing, component supply chains, launch platforms, in-orbit services and habitats, in-orbit computing and manufacturing, space-based telecommunications, Earth observation, and defense-related activities. Personnel identified include Joshua Marks, who serves as Chief Executive Officer and Chief Financial Officer.
What changed: A Form 3 — insider ownership report initially disclosing beneficial ownership for FutureCorp Space Acquisition 1, listing multiple LLCs and individuals as reporting persons. According to the filing’s explicit statement, 'No non-derivative transactions or holdings reported' occurred for any listed person. Consequently, there are no updates to sponsor share counts, warrant exercises, or equity movements that would affect trust value mechanics, redemption timing, extension voting leverage, deal progress signaling, or sponsor conduct ahead of the 2028-06-05 deadline. Why it matters: The reporting entity’s declaration establishes a neutral baseline for the search window, indicating that insiders have neither accumulated additional public shares to bolster the trust nor distributed positions that might signal diminished conviction. With no claims regarding customer contracts, revenue streams, market expansion, technology deployments, partnership agreements, litigation exposures, or personnel shifts contained in the submission, investors should treat this static posture as a confirmation of operational continuity rather than a catalyst. Any mechanical divergence from this baseline will require subsequent quarterly or event-driven filings.
What changed: Joint Filing Agreement (Exhibit A) to a Schedule 13G beneficial ownership report for FutureCorp Space Acquisition 1, executed by Harraden Circle Investments, LLC; Harraden Circle Investors GP, LP; Harraden Circle Investors GP, LLC; Harraden Circle Investors, LP; Harraden Circle Special Opportunities, LP; Harraden Circle Strategic Investments, LP; Harraden Circle Concentrated, LP; and Frederick V. Fortmiller, Jr., consenting to file a single regulatory statement on behalf of all listed parties pursuant to Rule 13d-1(k). No developments regarding redemption deadlines, trust value accounting, extension proposals, target search progress, or sponsor conduct are reported. The text functions solely as a procedural compliance instrument, confirming that the seven corporate vehicles and the named individual have coordinated their SEC reporting obligations through a unified management signature without altering underlying economic stakes, voting thresholds, or SPAC life-cycle parameters. Why it matters: Because the document contains no operational disclosures, commercial projections, market size estimates, partnership announcements, litigation references, or personnel changes, it offers no actionable intelligence on FTRA’s next steps. As drafted by the signatories, it merely streamlines future 13D/13G amendments under a single filer umbrella. For investors tracking the SEARCHING status and capital preservation, this filing confirms administrative consistency rather than strategic movement, requiring no portfolio rebalancing, tender decision, or proxy preparation.
What changed: A Current Report on Form 8-K announcing the consummation of FutureCorp Space Acquisition 1’s Initial Public Offering, accompanied by an audited balance sheet and explanatory notes detailing the trust structure, warrant mechanics, founder share arrangements, and related party commitments. According to the registrant, on June 8–9, 2026, it sold 23,000,000 units at $10.00 per unit, generating $230,000,000 in gross proceeds, and simultaneously closed a private placement of 6,000,000 warrants for $6,000,000. Management reports that $230,000,000 was deposited into a U.S.-based trust account maintained by Continental Stock Transfer & Trust Company. The filing establishes a 24-month Completion Window to finalize a business combination, notes that no target has been selected and no substantive discussions have occurred, and confirms the sponsor purchased 4,000,000 private warrants while Cantor Fitzgerald & Co. purchased 2,000,000. The document details public warrant exercise at $11.50 per share, exercisable 30 days post-combination and expiring five years later, and sets founder share lock-up provisions tied to a $12.00 per share price trigger or a post-combination exchange transaction. Additionally, management disclosed a $20,000 per month administrative services agreement payable only upon successful completion, available working capital loans up to $1,500,000, a $1,925,000 sponsor receivable deposited on June 9, 2026, and a $25,000 capital contribution for 5,750,000 founder shares. The registrant also cited geopolitical volatility, ongoing tax liability assessments, and the appointment of Joshua Marks as Chief Executive Officer and Chief Financial Officer signing the report. Why it matters: For investors monitoring redemption mechanics and trust preservation, this filing confirms the baseline trust funding at $230,000,000, matching the stated $10.00 per public share benchmark, and codifies the 24-month deadline before mandatory redemption procedures apply. The sponsor’s letter agreement waives founder share redemption rights but retains exposure to any public shares held, while management explicitly warns that the sponsor’s indemnification commitment—preserving trust assets below the lesser of $10.00 per share or actual trust value against third-party claims—has not been independently verified. Deal-tracking parameters are now fixed: combinations must target businesses valued at least 80% of the net trust balance (excluding deferred underwriting discounts of $9,800,000 and taxes), and warrant holders face automatic cancellation if equity registration remains ineffective beyond 60 business days post-close. The filing provides no operating revenue projections, confirms zero income tax provision under Cayman Islands jurisdiction, and outlines cashless exercise conversion ratios, giving shareholders concrete reference points for valuation modeling and potential extension voting scenarios.
What changed: This document is an Exhibit A Joint Filing Agreement attached to a Schedule 13G beneficial ownership report, dated June 10, 2026, executed by Linden Capital L.P., Linden GP LLC, Linden Advisors LP, and Siu Min Wong, formally consenting to the collective submission of their statements pursuant to Rule 13d-1(k) under the Securities Exchange Act of 1934. The signatories report that they submitted a Schedule 13G statement dated June 9, 2026, affirming their continuing obligation to disclose beneficial ownership. The text does not list share quantities, percentage thresholds, or amendment indicators that would signal a change in the reporting group’s size. It makes no reference to the SPAC’s trust balance, redemption deadline, extension provisions, or merger timeline. Saul Ahn executes the agreement on behalf of all listed parties, citing his authorized capacity and a separate Power of Attorney dated June 10, 2019. Why it matters: For investors tracking redemption calendars, trust value, and sponsor conduct, this filing confirms the ongoing compliance status of the Linden entities and Siu Min Wong but introduces no actionable shifts in voting blocs, capital commitments, or control. Because the excerpt supplies no numeric holdings data, it does not inform calculations around the June 5, 2028 deadline or signal near-term liquidation pressure. The document cross-references historical filings regarding Haymaker Acquisition Corp II filed on June 19, 2019, but attributes no new customer contracts, revenue metrics, market size estimates, strategic initiatives, technology disclosures, partnership announcements, litigation updates, or personnel changes to FutureCorp Space Acquisition 1. Investors reviewing this text alone can only conclude that regulatory disclosure routines continue unchanged.
What changed: Form 8-K Current Report announcing the closing of FutureCorp Space Acquisition 1's initial public offering, including full exercise of the underwriters' over-allotment option, the related private placement of warrants, appointment of directors, and execution of standard SPAC formation agreements. FutureCorp Space Acquisition 1 completed its IPO of 23,000,000 units at $10.00 per unit, raising gross proceeds of $230,000,000, all of which was placed in the trust account. The company also sold 6,000,000 private placement warrants (4,000,000 to sponsor, 2,000,000 to Cantor Fitzgerald) at $1.00 per warrant, generating $6,000,000 in additional proceeds for the trust. The trust now holds $230,000,000 ($10.00 per public share). The company's units began trading on June 5, 2026, and Class A shares and warrants will separate later. Three independent directors were appointed and board committees formed. The company has 24 months from the IPO closing (i.e., until June 4, 2028) to complete a business combination. Why it matters: This filing establishes the trust value and redemption deadline for investors tracking the SPAC's lifecycle. The trust is fully funded at $10.00 per unit. The 24-month deadline runs from June 4, 2026. The company is now in its search phase and has not identified a target. Investors should note the standard lock-up agreements, insider waiver of redemption rights on founder shares, and the deferred underwriting commission of up to $9,800,000 held in trust. The filing provides the contractual framework for any future de-SPAC transaction.
What changed: A Joint Filing Agreement appended to a Schedule 13G beneficial ownership report, filed under SEC number [0000912282-26-000800], executed by MMCAP International Inc. SPC and MM Asset Management Inc., and dated June 8, 2026. Nothing affecting redemption calendars, trust valuations, extension votes, deal progression, or sponsor behavior appears in the text. The excerpt contains no ownership percentages, share counts, acquisition prices, or redemption thresholds. It exclusively establishes that the two listed holders will submit the Schedule 13G jointly, affirms that each party bears responsibility for the completeness and accuracy of their own submitted information, and eliminates the need for subsequent joint filing agreements. Why it matters: Beyond standard corporate governance boilerplate, the document contains no claims regarding customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel shifts. Because it offers no operational or financial data, it does not signal a target identification, business combination vote, liquidity event, or sponsor default. Its only practical value for investors is identifying the reporting entities and their authorized signatories (Ulla Vestergaard, Director; Hillel Meltz, President) behind the underlying Schedule 13G filing.
What changed: A routine SEC compliance exhibit formatted as a Form 3 insider ownership report. The filing identifies General Counsel Matthew A. Long as the reporting person for FutureCorp Space Acquisition 1 and explicitly states 'No non-derivative transactions or holdings reported.' Bearing on your tracked mechanics, this disclosure confirms zero insider equity movement, meaning there are no new redemption triggers, no adjustments to trust value mechanics, no extension filings, no update to deal progress, and no signal regarding sponsor conduct. Beyond those mechanics, the document contains no additional substance regarding customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel; it includes only standard regulatory identifiers and the reporting declaration. Why it matters: Investors tracking redemption windows and sponsor activity receive definitive confirmation that the General Counsel has neither purchased nor sold public securities, removing near-term insider liquidation pressure from that specific office. Because the Form 3 is a static administrative record with no transactional data, it does not advance the SEARCHING status, alter the referenced trust/share framework, or impact the 2028-06-05 deadline; material developments will require subsequent prospectus supplements, merger agreements, proxy materials, or tender offer notices rather than this baseline compliance filing.
What changed: SEC Form Three, an insider initial ownership report filed by director, chief executive officer, and chief financial officer Joshua Marks for FutureCorp Space Acquisition One. The filing reports no non-derivative transactions or holdings for Joshua Marks. Consequently, there is no alteration to insider equity positions, no new share pledges, and no observable capital movement from leadership that would precede or accompany a business combination. The absence of reported transactions leaves the redemption deadline mechanics, trust account trajectory, and extension timeline unaffected. Why it matters: For investors tracking SPAC lifecycle stages, a clean Form Three with zero disclosed activity confirms baseline post-registration conditions rather than early signaling of acquisition financing or sponsorship realignment. It removes near-term uncertainty around insider dilution or forced collateralization but provides no forward indication of deal progress. The document contains no substantive assertions regarding customer pipelines, revenue projections, total addressable market sizing, proprietary technology milestones, commercial partnerships, active litigation, or executive departures. All observations derive exclusively from the filing’s explicit statement that no non-derivative transactions or holdings were reported by Joshua Marks. Given the complete lack of transactional data or corporate developments, materiality for redemption scheduling or trust valuation tracking is low.
What changed: Final prospectus (424B4) for the initial public offering of FutureCorp Space Acquisition 1, a blank check company formed to acquire a business in the global space economy. This is the first filing of the final prospectus for the IPO. It establishes the offering of 20,000,000 units at $10.00 per unit, with each unit consisting of one Class A ordinary share and one-half warrant. The trust account will hold $200,000,000 ($10.00 per unit). The SPAC has until 24 months from the closing of the offering (approximately June 2028) to complete a business combination, with the ability to extend by shareholder vote without limit on duration. The sponsor purchased founder shares at $0.004 per share and will purchase 4,000,000 private placement warrants. Cantor Fitzgerald will purchase 2,000,000 private placement warrants. Non-managing sponsor investors may purchase interests in the sponsor. The prospectus details redemption rights, including a 15% cap on redemptions if shareholder vote is used, and limitations on transfer of founder shares. Why it matters: Investors can now evaluate the terms of this new SPAC IPO. The trust is $10.00 per unit. The 24-month deadline is standard, but the ability to extend without limit on duration or number of times is notable. The SPAC's focus on the space economy and its management team with SpaceX, Palantir, and NYSE experience may be of interest. The sponsor's low-cost founder shares and the involvement of non-managing sponsor investors create potential conflicts of interest and dilution risks. The prospectus also includes a 15% redemption cap when seeking shareholder approval, which could affect redemption dynamics.
What changed: A Form 8-A filed with the U.S. Securities and Exchange Commission to register specific classes of securities—Units, Class A ordinary shares, and Redeemable warrants—pursuant to Section 12(b) of the Securities Exchange Act of 1934 for listing on The New York Stock Exchange LLC. The filing officially registers the SPAC’s outstanding capital structure components for NYSE trading, incorporating by reference the detailed terms from the initial Registration Statement (File No. 333-296040) filed on May 20, 2026. It confirms that each Unit comprises one Class A ordinary share (par value $0.0001 per share) and one-half of one redeemable warrant. Each whole warrant grants the right to purchase one Class A ordinary share at an exercise price of $11.50. This submission does not amend or announce any changes to the public shareholder redemption deadlines, trust account distribution mechanics, proposed extension vote parameters, or sponsor lock-up/conduct provisions. The registrant’s status remains unchanged, with no new business combination target or merger agreement referenced. Why it matters: This administrative listing notification establishes the formal exchange-registered framework governing public trading, which directly triggers the standardized market mechanisms around trust account valuation calculations, daily NAV reporting expectations, and redemption option windows tied to the stated 2028-06-05 termination date. Because the filing contains zero forward-looking commercial assertions, customer lists, revenue projections, partnership disclosures, or technology roadmaps, it carries no immediate strategic signal regarding the business combination search. The sole attribution of action lies with FutureCorp Space Acquisition 1 itself, executed via signature by Chief Executive Officer and Chief Financial Officer Joshua Marks on June 4, 2026. For investors tracking calendar mechanics, the document confirms procedural compliance rather than substantive development; materiality is rated low absent accompanying prospectus supplements or tender offer notices that would dictate immediate trust cash flows or redemption thresholds.
What changed: A Form 3, which is an initial statement of beneficial ownership filed under Section 16(a) of the Securities Exchange Act to disclose when a reporting person first becomes subject to insider reporting requirements. The filing identifies issuer FutureCorp Space Acquisition 1 and reporting person John R. Tuttle (director). Per the explicit language in the submission, there are 'No non-derivative transactions or holdings reported.' This confirms no new insider equity positions, warrant exercises, or founder share allocations have entered the public record that would shift voting leverage, alter sponsor alignment, or mechanically interact with the SPAC’s SEARCHING status, the stated $10 per-share trust amount, or the 2028-06-05 deadline. Why it matters: Tracking redemption deadlines, trust value, extensions, deal progress, and sponsor conduct requires monitoring early capital commitments and insider conviction metrics. Because the report discloses zero holdings, it provides no fresh data on anchor investor behavior, merger negotiations, or extension voting dynamics. The filing contains no substantive claims regarding customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel beyond the standard issuer and director identifiers. It functions exclusively as a routine compliance exhibit, leaving all previous timeline markers, trust mechanics, and search-phase assumptions unaltered.
What changed: This document is a routine compliance exhibit: an SEC Form 3 insider ownership report for FutureCorp Space Acquisition 1, filed on 2026-06-04 under accession number 0001213900-26-065459. According to the filing, director David Anderman reported 'No non-derivative transactions or holdings.' Consequently, there are no changes to insider equity, no alterations to the SPAC’s redemption deadline, trust share valuation, extension provisions, deal progress status, or sponsor conduct. Why it matters: By documenting zero non-derivative activity, the Form 3 establishes a static insider equity baseline, removing speculation about undisclosed director accumulation, divestiture, or hedging ahead of a potential de-SPAC transaction. The absence of traded volume or option exercises means no immediate capital calls, dilution events, or governance overrides tied to director stock movements. The submission contains no claims regarding customers, revenue streams, addressable market size, proprietary technology, strategic partnerships, pending litigation, or executive appointments.
What changed: Form 3 insider ownership report. Director Shahani Sudhin submitted a regulatory statement confirming 'No non-derivative transactions or holdings reported' for FutureCorp Space Acquisition 1 as of the June 4, 2026 filing date. Why it matters: This routine compliance exhibit does not alter redemption windows, trust distribution mechanics, extension voting schedules, or business combination progress for the SPAC. Because the filing contains no data on investor redemptions, target selection, sponsor commitments, or financial metrics, it provides no actionable adjustment to the operational timeline or capital structure tracked by shareholders.
What changed: A Form 3 initial statement of beneficial ownership of securities for FutureCorp Space Acquisition 1, filed by director Shawn Kirby Pelsinger. The filing discloses zero non-derivative transactions or holdings changes for Mr. Pelsinger as of June 4, 2026. It does not adjust the SPAC’s reported $10.00 trust value per share, the June 5, 2028 redemption deadline, extension parameters, target-search progression, or sponsor conduct history. Why it matters: During the SEARCHING phase, this routine disclosure provides a neutral baseline for director equity positioning. It introduces no new redemption timeline shifts, trust account recalibrations, business combination milestones, or material customer, revenue, market, technology, partnership, litigation, or personnel claims beyond the issuer name and reporting executive designation.
What changed: Amendment No. 1 to a Registration Statement on Form S-1, a filing by which a blank-check company (SPAC) registers its own securities for its initial public offering. The S-1/A is the vehicle for the IPO, not a merger agreement, resignation notice or litigation filing. This is the first amendment to the S-1, filed on June 2, 2026. The filing text itself does not include a summary of changes or a blackline; the entire prospectus is represented as a complete document. The document states it is a preliminary prospectus subject to completion, dated June 2, 2026. The substantive content of the offering, trust structure, redemption mechanics, sponsor arrangements, management biographies, risk factors and target-industry strategy (global space economy) are all set forth in detail. The registration statement also includes updated financial statements (audited balance sheet as of March 31, 2026) and the filing of exhibits including legal opinions, consents (from WithumSmith+Brown, PC and DLA Piper LLP (US)) and updated XBRL taxonomies. Why it matters: This filing advances the SPAC toward its IPO, which is the foundational capital raise for the vehicle. It establishes the trust amount ($200M / $10.00 per unit), the 24-month deadline to complete a business combination, the warrant terms and the sponsor's economic structure. For tracking investors, it confirms that (i) the sponsor paid $25,000 for 5,750,000 founder shares ($0.004/share), (ii) the trust will hold $200M (or $230M with overallotment) in U.S. government obligations, (iii) public shareholders have redemption rights regardless of how they vote, (iv) the 15% cap on redemptions by any single group applies if a shareholder vote is used, and (v) the company is searching for a target in the 'global space economy and adjacent industries.' The updated financial statements also contain a going-concern qualification, which is standard for a pre-IPO SPAC.
What changed: S-1 registration statement for an initial public offering of FutureCorp Space Acquisition 1, a blank check SPAC. Initial S-1 filed on May 19, 2026 (filed with SEC on May 19, 2026) for a proposed IPO of 20,000,000 units at $10.00 per unit, each unit consisting of one Class A ordinary share and one-half warrant. Trust will hold $200,000,000 ($10.00 per unit). Sponsor holds 5,750,000 founder shares purchased for $25,000. Underwriters have 45-day over-allotment option for up to 3,000,000 additional units. Private placement of 6,000,000 warrants at $1.00 each to sponsor (4,000,000) and Cantor Fitzgerald (2,000,000). Completion window is 24 months from offering closing. No target selected. Trust interest may be used for taxes and up to $100,000 for dissolution expenses. Sponsor indemnifies trust for certain third-party claims. Why it matters: This is the initial registration that establishes the SPAC's capital structure, trust size, redemption mechanics, warrant terms, and sponsor economics. Key metrics: $200M trust at $10/share, 24-month deadline, $0.004 per founder share cost, anti-dilution conversion for founder shares to maintain 20% ownership. The filing provides the contractual framework for redemptions, extensions, and liquidation. It also discloses potential conflicts, lock-up periods, and business combination criteria focused on space economy.
What changed: A confidential draft registration statement on Form S-1 for a new special purpose acquisition company (SPAC) initial public offering, confidentially submitted to the SEC for review. This is the initial filing; no prior public registration existed. The document proposes a $200 million IPO (20 million units at $10.00 per unit), with each unit consisting of one Class A ordinary share and one-half of one redeemable warrant. The trust per-share value is $10.00. The SPAC has a 24-month deadline from closing to complete a business combination. Sponsor (FutureCorp Space Acquisition 1 LLC) and Cantor Fitzgerald & Co. will purchase 6 million private placement warrants ($6 million aggregate). The filing includes full terms of the offering, sponsor compensation, risk factors, and business strategy focused on the space economy. Why it matters: Introduces a new SPAC with a $200 million trust, a seasoned management team (former SpaceX, Palantir, NYSE executives), and a defined target sector (space economy). Investors can assess the SPAC's structure, sponsor incentives, dilution, redemption mechanics, and timeline. The confidential submission indicates a potential upcoming public filing and IPO.
In plain English
Redemption deadlinethe last day to hand shares back for cash
Set by the filing that calls the meeting. Tender after it and the company is under no obligation to pay you the trust value.
Cash in trust / trust per sharethe cash the company is holding for each public share
Filed quarterly in the 10-Q's XBRL. It earns interest between filings, so the figure on a given day is slightly higher than the last filed one — where we show that we label it an estimate.
Accession numberthe SEC's unique id for one filing
Every figure on this page carries the accession of the filing that states it, so you can open the primary document rather than trust us.