---
title: "FortuneX raises $86.25M from IPO and over-allotment; trust account holds $87.11M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/289093939.md"
description: "FortuneX Acquisition Corp completed its IPO, selling 7.5 million units at $10 each, and exercised the full 1.125 million unit over-allotment. This generated combined gross proceeds of $86.25 million. As of May 29, 2026, $87.11 million was placed in a trust account. The company's pro forma total assets stood at approximately $88.3 million."
datetime: "2026-06-08T19:13:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/289093939.md)
  - [en](https://longbridge.com/en/news/289093939.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/289093939.md)
generator: "portal-rs"
---

# FortuneX raises $86.25M from IPO and over-allotment; trust account holds $87.11M

**FortuneX consummated an IPO of 7,500,000 units and the underwriters exercised the full 1,125,000-unit over-allotment, generating combined gross proceeds of $86,250,000.**

**Key Highlights:**

-   IPO sold 7,500,000 units at $10.00 each for $75,000,000 gross proceeds.
-   Underwriters exercised full 1,125,000-unit over-allotment for $11,250,000 on May 29, 2026.
-   Sponsor purchased 15,000 additional Private Placement Units for ~$150,000 at $10.00 each.
-   $87,112,500 (at $10.10 per unit) of net proceeds placed in trust account with Continental Stock Transfer & Trust.
-   Unaudited pro forma balance sheet reflects pro forma total assets of $88,299,825 as of May 29, 2026.

Original SEC Filing: FortuneX Acquisition Corp \[ FXACU \] - 8-K - Jun. 08, 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.**