According to BlockBeats, FutureCrest Acquisition, a special purpose acquisition company (SPAC) led by BitMine Chairman Tom Lee, has filed with the U.S. Securities and Exchange Commission (SEC) to raise up to $250 million through an initial public offering (IPO). Tom Lee, known for his bullish stance on cryptocurrency, highlighted his past predictions on Bitcoin prices in the IPO prospectus.
FutureCrest Acquisition plans to leverage its management team's expertise in areas such as artificial intelligence, digital assets, fintech, infrastructure, robotics, and communications when seeking merger and acquisition targets. The company also sees potential in business intelligence, productivity software, and digital health sectors.
The SPAC intends to list on the Nasdaq under the ticker symbol FCRSU. The filing was initially submitted confidentially on August 5, 2025. Cantor Fitzgerald is serving as the sole book-running manager for the transaction.