FutureCrest Acquisition, led by Tom Lee, submits IPO application to raise $250 million

PANews September 7th news: Blank Check Company (SPAC) FutureCrest Acquisition, led by BitMine Board Chairman Tom Lee, submitted documents to the U.S. SEC on Friday, planning to raise up to $250 million through an initial public offering (IPO). Tom Lee is known for his bullish cryptocurrency in the media, and his IPO prospectus also highlights his past predictions about Bitcoin prices. FutureCrest Acquisition said that when looking for mergers and acquisitions, the company will leverage the 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. FutureCrest Acquisition is planned to be listed on Nasdaq under the stock code FCRSU. The company submitted documents confidentially on August 5, 2025. Cantor Fitzgerald is the exclusive bookkeeping administrator for this transaction.