FutureCorp Space Acquisition 1 (FTRA.U) Prices $200M IPO
FutureCorp Space Acquisition 1 (NYSE:FTRA.U) announced the pricing of its $200 million IPO and its units are expected to begin trading on the NYSE under the symbol “FTRA.U” on Friday, June 5, 2026.
The new SPAC’s primary focus will be on companies 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.
FutureCorp Space Acquisition 1 is to be led by Chairman Sudhin R. Shahani, Chief Executive Officer and Chief Financial Officer Joshua B. Marks and General Counsel Matthew A. Long. David J. Anderman, Shawn K. Pelsinger and John R. Tuttle will serve on its Board of Directors.
Total SPAC deal count for 2026 year-to-date is now 104. This offering is expected to close on Monday, June 8, 2026.
Cantor Fitzgerald & Co. is acting as sole book-running manager for the offering. DLA Piper LLP is serving as Issuer’s Counsel with Ellenoff Grossman & Schole LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
