Tom Lee's FutureCrest Acquisition submits an IPO application, intending to raise up to US$250 million

According to ChainCatcher, BitMine Board Chairman Tom Lee, FutureCrestAcquisition, FutureCrestAcquisition, a blank check company led by BitMine board chairman Tom Lee, submitted documents to the US SEC on Friday, planning 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 warrants, which can be exercised at $11.50 per share. TomLee is known for his bullish cryptocurrency in the media, and his IPO prospectus also highlights his past predictions about Bitcoin prices. FutureCrestAcquisition said that when looking for mergers and acquisitions, the company will use its management team’s expertise and social capital in areas such as AI, digital assets, fintech, infrastructure, robotics and communications. In addition, the company is optimistic about opportunities such as business intelligence, productivity software and digital health. It is reported that FutureCrestAcquisition is planned to be listed on Nasdaq with the stock code FCRSU. The company made a confidential application on August 5, 2025, and CantorFitzgerald is the sole underwriter of the transaction.