---
title: "FortuneX Acquisition raises $78.125M in IPO and over-allotment; $75.75M placed in trust"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/288560168.md"
description: "FortuneX Acquisition completed its IPO and over-allotment, raising $78.125 million in gross proceeds, with $75.75 million placed in a trust account. The company sold 7.5 million public units at $10 each and received $2.975 million from private unit sales by the sponsor. Underwriters exercised the full over-allotment option. However, auditors expressed substantial doubt about the company's ability to continue as a going concern without a business combination by May 26, 2027."
datetime: "2026-06-03T10:33:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/288560168.md)
  - [en](https://longbridge.com/en/news/288560168.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/288560168.md)
generator: "portal-rs"
---

# FortuneX Acquisition raises $78.125M in IPO and over-allotment; $75.75M placed in trust

**FortuneX Acquisition consummated an IPO and over-allotment raising gross proceeds of $78,125,000 and placed $75,750,000 in a trust account.**

**Key Highlights:**

-   Sold 7,500,000 public units at $10.00 each, generating $75,000,000 gross proceeds.
-   Sponsor purchased 297,500 private units for $2,975,000 simultaneously with the IPO.
-   Underwriters exercised full over-allotment for 1,125,000 units, adding $11,250,000 (closed May 29, 2026).
-   $75,750,000 of net proceeds from IPO and private placements placed in a Trust Account invested in U.S. treasury/money market.
-   Auditor issued an unqualified opinion but noted substantial doubt about the company's ability to continue as a going concern absent a business combination by May 26, 2027.

Original SEC Filing: FortuneX Acquisition Corp \[ FXACU \] - 8-K - Jun. 03, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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