FutureCrest Acquisition plans to raise $250 million through IPO

According to ChainCatcher, SPAC FutureCrest Acquisition, led by BitMine Board Chairman Tom Lee, submitted documents to the U.S. SEC, planning to raise up to $250 million through an IPO. The company plans to issue 25 million units at $10 per unit, each including one share of common stock and one-quarter warrants that can be exercised at $11.50 per share. FutureCrest Acquisition emphasizes Tom Lee’s past predictions of Bitcoin prices and plans to use the management team’s expertise in AI, digital assets and other fields to find M&A targets. The company is optimistic about opportunities such as business intelligence, productivity software and digital health. FutureCrest Acquisition is planned to be listed on Nasdaq under the stock code FCRSU. The company made a confidential application on August 5, 2025, and Cantor Fitzgerald is the sole underwriter of the transaction.