Recent Updates — FXACW

FortuneX Acquisition Corporation entered into a First Amendment to its Business Combination Agreement with WT Realty Group Inc. The amendment reduces the aggregate merger consideration payable to WT Realty's stockholders from 60,000,000 shares (valued at $600 million) to 52,500,000 shares of PubCo Common Stock, reflecting an agreed equity value of $525 million based on a reference price of $10.00 per share. The consideration remains a fixed number of shares with no adjustments for cash, indebtedness, or working capital. FortuneX Acquisition Corporation operates as a blank check company focused on effecting a merger, capital stock exchange, asset acquisition, or similar business combination.

FortuneX Acquisition Corporation entered into a Business Combination Agreement with WT Realty Group Inc. The transaction involves FortuneX domesticating from the Cayman Islands to Delaware, followed by a merger of its subsidiary into WT Realty, which will survive as PubCo. Governance provisions grant Class B shares 20 votes per share compared to one vote for Class A. The agreement includes a $500,000 termination fee for material breach and caps transaction expenses at $1.5 million if closed by May 26, 2027. FortuneX Acquisition Corporation operates as a blank check company focused on effecting a merger with a private operating business.

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.

On July 1, 2026, FortuneX Acquisition Corporation entered into Amendment No. 1 to its May 21, 2026, Underwriting Agreement with Polaris Advisory Partners, LLC (a division of Kingswood Capital Partners LLC) and Kingswood Capital Partners LLC. The amendment modifies terms concerning the company's initial public offering, specifically addressing Firm Units, Option Units, deferred underwriting discounts, private placement units, administrative services, offering expenses, the Representative's right of first refusal, and trust account acknowledgements. FortuneX Acquisition Corporation is a special purpose acquisition company.

FortuneX Acquisition Corporation announced the closing of the underwriters' over-allotment option on May 29, 2026, which involved the 1,125,000 additional units at $10.00 per unit. The company also consummated a private placement of 15,000 units to its Sponsor, FortuneX Investment Partners Limited, generating approximately $150,000 in gross proceeds.