Company: FCRS
Filing Date: 2025-08-05
Form Type: DRS
Source: 0001213900-25-071556
Chunk: 320

Company: FutureCrest Acquisition Corp.
Filing Date: 2025-08-05
Form: DRS
Chunk 320
---
 a price of $2.00 per warrant, or $6,400,000 in the aggregate, in a private placement that will close simultaneously with the Proposed Public Offering. Of those 3,200,000 Private Placement Warrants, the Sponsor has agreed to purchase 2,100,000 Private Placement Warrants and Cantor Fitzgerald & Co. has agreed to purchase 1,100,000 Private Placement Warrants. Each whole warrant entitles the registered holder to purchase one Class A ordinary share at a price of $11.50 per share, subject to adjustment. The Private Placement Warrants will be identical to the Public Warrants sold in the Proposed Public Offering except that, so long as they are held by the Sponsor, Cantor Fitzgerald & Co., or their permitted transferees, the Private Placement Warrants (i) may not (including the Class A ordinary shares issuable upon exercise of these Private Placement Warrants), subject to certain limited exceptions, be transferred, assigned or sold by the holders until 30 days after the completion of the initial Business Combination, (ii) will be entitled to registration rights and (iii) with respect to Private Placement Warrants held by Cantor Fitzgerald & Co. and/or its designees, will not be exercisable more than five years from the commencement of sales in the Proposed Public Offering in accordance with Financial Industry Regulatory Authority (“FINRA”) Rule 5110(g)(8). The Sponsor, officers and directors have entered into a letter agreement with the Company, pursuant to which they have agreed to (i) waive their redemption rights with respect to their founder shares and public shares in connection with the completion of the initial Business Combination; (ii) waive their redemption rights with respect to their founder shares F-13 FutureCrest Acquisition Corp.
NOTES TO FINANCIAL STATEMENTS
June 30, 2025 Note 4 — Private Placement (cont.) and public shares in connection with a shareholder vote to approve an amendment to the Company’s amended and restated memorandum and articles of association (A) to modify the substance or timing of the Company’s obligation to allow redemption in connection with the initial Business Combination or to redeem 100% of the public shares if the Company has not consummated an initial Business Combination within the Completion Window or (B) with respect to any other material provisions relating to shareholders’ rights or pre -initialBusiness Combination activity; (iii) waive their rights to liquidating distributions from the Trust Account with respect to their founder shares if the Company fails to complete