FutureCorp Space Acquisition 1, a blank check company targeting space and defense, raised $200 million by offering 20 million units at $10. Each unit consists of one share of common stock, and one-half of one warrant to purchase a share, exercisable at $11.50.
FutureCorp Space Acquisition 1 is led by CEO, CFO, and Director Joshua Marks, who is the CEO of Anuvu, a provider of satellite-based connectivity and media solutions to the aviation and maritime industries. He is joined by Chairman Sudhin Shahani, who is the co-founder of Surf Air Mobility (NYSE: SRFM). The SPAC intends to target businesses in the global space economy and adjacent industries, including space manufacturing and component supply chains, launch platforms, in-orbit services and habitats, in-orbit computing and manufacturing, space-based telecommunications and Earth observation, and defense-related activities.
The Los Angeles, CA-based company will trade on the NYSE under the symbol FTRAU. Cantor Fitzgerald acted as sole bookrunner on the deal.
