Company: FCRS
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110990
Chunk: 77

Company: FutureCrest Acquisition Corp.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 77
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18

The underwriters are entitled to a cash underwriting
discount of $5,000,000 (2.0% of the gross proceeds of the Units offered in the Initial Public Offering, excluding any proceeds from Units
sold pursuant to the underwriters’ over-allotment option). Additionally, the underwriters are entitled to a deferred underwriting
discount of 4.0% of the gross proceeds of the Initial Public Offering held in the Trust Account other than those sold pursuant to the
underwriters’ over-allotment option and 6.0% of the gross proceeds sold pursuant to the underwriters’ over-allotment option,
$12,250,000 in the aggregate upon the completion of the Company’s initial Business Combination subject to the terms of the underwriting
agreement.

Critical Accounting Estimates

The preparation of the
unaudited condensed financial statements and related disclosures included in this Report under Item 1. “Financial Statements”
in conformity with GAAP requires Management to make estimates and assumptions that affect the reported amounts of assets and liabilities,
disclosure of contingent assets and liabilities at the date of the financial statements, and income and expenses during the periods reported.
Making estimates requires Management to exercise significant judgement. It is at least reasonably possible that the estimate of the effect
of a condition, situation or set of circumstances that existed at the date of the unaudited condensed financial statements included in
this Report under Item 1. “Financial Statements”, which Management consider in formulating its estimated, could change in
the near term due to one or more future confirming events. Accordingly, the actual results could materially differ from those estimates.
As of September 30, 2025, we did not have any critical accounting estimates to be disclosed.

Item 3. Quantitative and Qualitative Disclosures
About Market Risk

Not required for smaller reporting companies.

Item 4. Controls and Procedures

Evaluation of Disclosure Controls and Procedures

Disclosure controls and procedures
are controls and other procedures designed to ensure that information required to be disclosed in our reports filed or submitted under
the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms.
Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to
be disclosed in our reports filed or submitted under the Exchange Act is accumulated and communicated to Management, including our Certifying
Officers”), or persons performing similar functions, as appropriate, to allow timely decisions regarding required disclosure.

Under
the