PANews reported on September 7 that FutureCrest Acquisition, a blank check company (SPAC) led by BitMine Chairman Tom Lee, submitted documents to the U.S. SEC on Friday, planning to raise up to US$250 million through an initial public offering (IPO).
Tom Lee is known in the media for his bullish stance on cryptocurrencies, and his IPO prospectus highlighted his past Bitcoin price predictions. FutureCrest Acquisition stated that in its search for acquisition targets, it will leverage the management team's expertise and social capital in areas such as AI, digital assets, fintech, infrastructure, robotics, and communications. The company is also bullish on opportunities in business intelligence, productivity software, and digital health.
FutureCrest Acquisition plans to list on the Nasdaq under the ticker symbol FCRSU. The company filed confidentially on August 5, 2025. Cantor Fitzgerald served as the sole bookrunner for the transaction.
