Mergers & Acquisitions ·
FortuneX agrees to acquire WT Realty for $600M in stock, merging into FortuneX Realty Group Holdings Inc
FXACFortuneX Acquisition Corp
On September 18, 2026, FortuneX Acquisition Corporation entered into a definitive Business Combination Agreement with WT Realty Group Inc. The transaction involves FortuneX domesticating from the Cayman Islands to Delaware and merging its subsidiary with WT Realty, which will survive as a wholly-owned subsidiary of the renamed PubCo, FortuneX Realty Group Holdings Inc. The aggregate merger consideration is 60,000,000 shares of PubCo common stock, implying an equity value of approximately $600 million based on a reference price of $10.00 per share. The combined board will consist of seven directors, and the closing is expected in the first quarter of 2027, subject to shareholder approvals and SEC registration effectiveness. FortuneX Acquisition Corporation operates as a special purpose acquisition company (SPAC) focused on effecting business combinations with private entities.