Company: FCRS
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110990
Chunk: 3

Company: FutureCrest Acquisition Corp.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 3
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CEPTION)
THROUGH SEPTEMBER 30, 2025

(UNAUDITED)

    Cash Flows from Operating Activities: 

    Net loss 
    $(77,978)
  
    Adjustments to reconcile net loss to net cash used in operating activities: 

    Payment of operation costs through promissory note 
     10,420 
  
    Interest earned on marketable securities held in Trust Account 
     (23,851)
  
    Changes in operating assets and liabilities: 

    Prepaid expenses 
     (20,175)
  
    Accounts payable and accrued expenses 
     5,593 
  
    Net cash used in operating activities 
     (105,991)

    Cash Flows from Investing Activities: 

    Investment of cash in Trust Account 
     (287,500,000)
  
    Net cash used in investing activities 
     (287,500,000)

    Cash Flows from Financing Activities: 

    Proceeds from sale of Units, net of underwriting discounts paid 
     282,500,000 
  
    Proceeds from sale of Private Placements Warrants 
     7,000,000 
  
    Due to Sponsor 
     22,500 
  
    Repayment of promissory note - related party 
     (84,591)
  
    Payment of offering costs 
     (432,203)
  
    Net cash provided by financing activities 
     289,005,706 

    Net Change in Cash 
     1,399,715 
  
    Cash – Beginning of period 
     — 
  
    Cash – End of period 
    $1,399,715 

    Noncash investing and financing activities: 

    Offering costs included in accrued offering costs 
    $80,500 
  
    Deferred offering costs paid by Sponsor in exchange for issuance of Class B ordinary shares 
    $25,000 
  
    Deferred offering costs paid through promissory note – related party 
    $74,171 
  
    Deferred underwriting fee payable 
    $12,250,000 

The accompanying notes are an integral part of
the unaudited condensed financial statement. 

4

FUTURECREST ACQUISITION CORP.

NOTES TO CONDENSED FINANCIAL STATEMENT

SEPTEMBER 30, 2025

(Unaudited)

NOTE 1. DESCRIPTION OF ORGANIZATION