FIGX Capital Acquisition Corp. Completes $150,650,000 Initial Public Offering

Company Overview - FIGX Capital Acquisition Corp. is a blank check company formed to effect mergers, amalgamations, share exchanges, asset acquisitions, share purchases, reorganizations, or similar business combinations with one or more businesses [4] - The company intends to focus on identifying businesses in the financial industry group, particularly private wealth/asset managers aiming to become integrated multi-asset fund managers with diversified distribution channels and global market presence [4] Initial Public Offering (IPO) Details - The company closed its initial public offering of 15,065,000 units, including 1,965,000 units from the underwriters' over-allotment option, priced at $10.00 per unit, resulting in gross proceeds of $150,650,000 [1][3] - The units began trading on June 27, 2025, on the Nasdaq under the ticker symbol "FIGXU," with each unit consisting of one Class A ordinary share and one-half of one redeemable warrant [2] Management Team - The management team is led by Lou Gerken (CEO and Chairman), Jide James Zeitlin (Vice Chairman), and Mike Rollins (CFO), with additional board members including Dr. Russel Read, Real Desrochers, and Pierre Sauvagnat [5] Use of Proceeds - The entire gross proceeds of $150,650,000 from the IPO were placed in trust [3]