Company: FCRS
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110990
Chunk: 68

Company: FutureCrest Acquisition Corp.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 68
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The founder shares include an aggregate of up to 937,500 shares subject to forfeiture if the over-allotment option is not exercised by
the underwriters in full. On September 29, 2025, the underwriters exercised their over-allotment option in full as part of the closing
of the Initial Public Offering. As such, the 937,500 founder shares are no longer subject to forfeiture.

The founder shares will automatically convert
into Class A ordinary shares concurrently with or immediately following the consummation of the initial Business Combination or earlier
at the option of the holder on a one-for-one basis, subject to adjustment for share subdivisions, share capitalizations, reorganizations,
recapitalizations and the like, and subject to further adjustment as provided herein. In the case that additional Class A ordinary
shares, or any other equity-linked securities, are issued or deemed issued in excess of the amounts sold in this offering and related
to or in connection with the closing of the initial Business Combination, the ratio at which Class B ordinary shares convert into
Class A ordinary shares will be adjusted (unless the holders of a majority of the outstanding Class B ordinary shares agree
to waive such adjustment with respect to any such issuance or deemed issuance) so that the number of Class A ordinary shares issuable
upon conversion of all Class B ordinary shares will equal, in the aggregate, 20% of the sum of (i) the total number of all Class A
ordinary shares outstanding upon the completion of the Initial Public Offering (including any Class A ordinary shares issued pursuant
to the underwriters’ over-allotment option and excluding the Class A ordinary shares underlying the Private Placement Warrants
issued to the Sponsor), plus (ii) all Class A ordinary shares and equity-linked securities issued or deemed issued, in connection
with the closing of the initial Business Combination (excluding any shares or equity-linked securities issued, or to be issued, to any
seller in the initial Business Combination and any private placement-equivalent warrants issued to the Sponsor or any of its affiliates
or to the Company’s officers or directors upon conversion of Working Capital Loans) minus (iii) any redemptions of Class A
ordinary shares by public shareholders in connection with an initial Business Combination; provided that such conversion of founder shares
will never occur on a less than one-for-one basis.

Holders of record of the Company’s Class A
ordinary shares and Class B