FIGX Capital Acquisition, a blank check company targeting the "financial industry group" sector, filed on Wednesday with the SEC to raise up to $131 million in an initial public offering.
The company plans to raise $131 million by offering 13.1 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50.
FIGX Capital Acquisition is led by CEO and Chairman Lou Gerken, the founder of Gerken Capital Associates, an alternative asset fund management firm focused on emerging markets. The SPAC plans to target the financial industry group (FIG Sector), with a focus on differentiated private wealth/asset managers positioned to become multi-asset fund managers with diversified distribution channels and global market presence.
The Tiburon, CA-based company was founded in 2025 and plans to list on the Nasdaq under the symbol FIGXU. FIGX Capital Acquisition filed confidentially on April 1, 2025. Cantor Fitzgerald is the sole bookrunner on the deal.
