Financial Performance - The company reported a net loss of $60,837 for the three months ended September 30, 2025, primarily due to general and administrative costs of $84,688, offset by interest income of $23,851 from marketable securities held in the Trust Account[111]. - For the period from inception (June 9, 2025) through September 30, 2025, the total net loss was $77,978, with general and administrative costs amounting to $101,829[111]. - The company has incurred $105,991 in net cash used in operating activities from inception through September 30, 2025[116]. Initial Public Offering (IPO) - The company completed its Initial Public Offering on September 29, 2025, raising gross proceeds of $287,500,000 from the sale of 28,750,000 Units, including an over-allotment option[114]. - Following the IPO, $287,500,000 was placed in the Trust Account, with total offering costs incurred amounting to $17,861,874[115]. Business Combination Plans - The company intends to use substantially all funds in the Trust Account to complete its Business Combination, with remaining proceeds allocated for working capital to finance operations of the target business[117]. - The company may seek to extend the Combination Period by amending its Articles, which would require approval from Public Shareholders[109]. - The SEC's 2024 SPAC Rules may materially affect the company's ability to negotiate and complete its initial Business Combination, potentially increasing costs and time[108]. - The company does not anticipate needing to raise additional funds for operating expenditures but may require additional financing to complete its Business Combination[120]. Debt and Financial Position - As of September 30, 2025, the company had no long-term debt or off-balance sheet arrangements[121][122].
FutureCrest Acquisition(FCRSU) - 2025 Q3 - Quarterly Report