---
title: "Bitmine Immersion's Tom Lee-led SPAC Futurecrest prices ~$250M IPO"
description: "Futurecrest Acquisition (FCRS) has priced its IPO at $10.00 per unit, aiming to raise approximately $250M by offering 25M units. Led by Bitmine Immersion Technologies' chair Tom Lee, the SPAC plans to"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/259061934.md"
published_at: "2025-09-26T12:02:10.000Z"
---

# Bitmine Immersion's Tom Lee-led SPAC Futurecrest prices ~$250M IPO

> Futurecrest Acquisition (FCRS) has priced its IPO at $10.00 per unit, aiming to raise approximately $250M by offering 25M units. Led by Bitmine Immersion Technologies' chair Tom Lee, the SPAC plans to target acquisitions in AI, digital assets, fintech, and more. The units will trade on the NYSE starting September 26 under the ticker FCRS.U, with the offering expected to close on September 29. Underwriters have a 45-day option to purchase an additional 3.75M units.

Futurecrest Acquisition (FCRS) announced on Friday the pricing of an IPO of 25M units at $10.00 per unit to raise proceeds of ~$250M. The blank check company's management team is led by Bitmine Immersion Technologies (NYSE:BMNR) chair Thomas J. Lee. BMNR has been on a gaining spree since investors Peter Thiel and Cathie Wood's ARK Invest disclosed ...

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.