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

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On September 7, the blank check company (SPAC) FutureCrest Acquisition, led by BitMine Board Chairman Tom Lee, filed documents with the SEC on Friday, planning to raise up to $250 million through an IPO. Tom Lee is known in the media for his bullish stance on crypto assets, and his IPO prospectus also highlights his past predictions on Bitcoin prices. FutureCrest Acquisition stated that while searching for acquisition targets, the company will leverage the management team's expertise and social capital in areas such as AI, digital assets, fintech, infrastructure, Bots, and communications. Additionally, the company is optimistic about opportunities in business intelligence, productivity software, and digital health. FutureCrest Acquisition plans to list on NASDAQ under the ticker symbol FCRSU. The company submitted documents confidentially on August 5, 2025. Cantor Fitzgerald is the exclusive book-running manager for this transaction.

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