FutureCrest Acquisition, led by Tom Lee, has submitted an IPO application to raise up to $250 million

ChainCatcher news, according to renaissancecapital, the blank check company (SPAC) FutureCrest Acquisition, led by BitMine's board chairman Tom Lee, filed documents with the SEC on Friday, planning to raise up to $250 million through an initial public offering (IPO). The company aims to raise funds by issuing 25 million units at a price of $10 per unit. Each unit consists of one share of common stock and a quarter of a warrant, which can be exercised at $11.50 per share.

Tom Lee is known in the media for his bullish stance on cryptocurrency, and his IPO prospectus also highlights his past predictions on Bitcoin prices. FutureCrest Acquisition stated that while searching for merger and acquisition targets, the company will leverage the management team's expertise and social capital in areas such as AI, digital assets, fintech, infrastructure, robotics, and communications. Additionally, the company is optimistic about opportunities in business intelligence, productivity software, and digital health.

It is reported that FutureCrest Acquisition plans to list on NASDAQ under the ticker symbol FCRSU. The company filed a confidential application on August 5, 2025, with Cantor Fitzgerald as the sole underwriter for the transaction.