TechFlow news, September 7 — According to renaissancecapital, FutureCrest Acquisition, a blank-check company (SPAC) led by Tom Lee, Chairman of BitMine's Board of Directors, filed documents with the U.S. SEC on Friday, aiming to raise up to $250 million through an initial public offering (IPO). The company plans to raise funds by issuing 25 million units at $10 per unit. Each unit consists of one share of common stock and one-quarter of a warrant, exercisable at $11.50 per share.
Tom Lee is widely known in media for his bullish stance on cryptocurrency, and his IPO prospectus highlights his past predictions on Bitcoin prices. FutureCrest Acquisition stated that while searching for merger targets, it will leverage its management team’s expertise and social capital in fields such as AI, digital assets, fintech, infrastructure, robotics, and communications. Additionally, the company sees opportunities in business intelligence, productivity software, and digital health.
FutureCrest Acquisition plans to list on Nasdaq under the ticker symbol FCRSU. The company submitted a confidential application on August 5, 2025, and Cantor Fitzgerald is the sole underwriter for the transaction.
