Company: FCRS
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110990
Chunk: 4

Company: FutureCrest Acquisition Corp.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 4
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 AND BUSINESS
OPERATIONS

FutureCrest Acquisition Corp. (the “Company”)
is a blank check company incorporated as a Cayman Islands exempted company on June 9, 2025. The Company was incorporated for the
purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination
with one or more businesses or entities (the “Business Combination”). The Company has not selected any specific Business Combination
target, and the Company has not, nor has anyone on its behalf, engaged in any substantive discussions, directly or indirectly, with any
Business Combination target with respect to an initial Business Combination with the Company.

As of September 30, 2025, the Company had not
commenced any operations. All activity for the period from June 9, 2025 (inception) through September 30, 2025 relates to the Company’s
formation, the Initial Public Offering (as defined below), and subsequent to the Initial Public Offering, identifying a target company
for a Business Combination. The Company will not generate any operating revenues until after the completion of its initial Business Combination,
at the earliest. The Company generates non-operating income in the form of interest income on cash and cash equivalents from the proceeds
derived from the Initial Public Offering. The Company has selected December 31 as its fiscal year end.

The registration statement for the Company’s
Initial Public Offering was declared effective on September 25, 2025. On September 29, 2025, the Company consummated the initial public
offering (the “Initial Public Offering”) of 28,750,000 units (the “Units,” and, with respect to the Class A ordinary
shares included in the Units being offered, the “Public Shares”), including 3,750,000 Units issued as a result of the full
exercise by the underwriters of their over-allotment option, at $10.00 per Unit, generating gross proceeds of 287,500,000, which is discussed
in Note 3. Each Unit consists of one Class A ordinary share and one-quarter of one redeemable warrant (“Public Warrant”).
Each whole warrant will entitle the holder to purchase one Class A ordinary share at a price of $11.50 per share, subject to adjustment.
Each warrant will become exercisable 30 days after the completion of the initial Business Combination and will expire five years
after the completion of the initial