FIGX Capital Acquisition Corp. Announces Pricing of Initial Public Offering

Strategic Insights -

FIGX Capital Acquisition Corp., a blank check company formed for the purpose of effecting a merger or similar business combination, has priced its initial public offering of 13,100,000 units at an offering price of $10.00 per unit. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant, with the warrants exercisable at $11.50 per share.

The units are expected to be listed on the Nasdaq Global Stock Market LLC under the ticker symbol "FIGXU," with the Class A ordinary shares and warrants trading under the symbols "FIGX" and "FIGXW," respectively. The offering is expected to close on June 30, 2025, subject to customary closing conditions, with the Company granted a 45-day option to purchase up to an additional 1,965,000 units to cover over-allotments.

The management team of FIGX Capital Acquisition Corp. is led by Lou Gerken, Chief Executive Officer and Chairman, and Jide James Zeitlin, Vice Chairman of the Board of Directors. The Board also includes Dr. Russel Read, Real Desrochers, and Pierre Sauvagnat. The Company's focus includes identifying businesses in the financial industry group (FIG Sector), with a focus on differentiated private wealth/asset managers positioned to become multi-asset fund managers with diversified distribution channels and global market presence.

Key Takeaways:

  • FIGX Capital Acquisition Corp. has priced its initial public offering of 13,100,000 units at an offering price of $10.00 per unit.
  • Each unit consists of one Class A ordinary share and one-half of one redeemable warrant, with the warrants exercisable at $11.50 per share.
  • The units are expected to be listed on the Nasdaq Global Stock Market LLC under the ticker symbol "FIGXU," with the Class A ordinary shares and warrants trading under the symbols "FIGX" and "FIGXW," respectively.
  • The offering is expected to close on June 30, 2025, subject to customary closing conditions, with the Company granted a 45-day option to purchase up to an additional 1,965,000 units to cover over-allotments.
  • The management team is led by Lou Gerken, Chief Executive Officer and Chairman, and Jide James Zeitlin, Vice Chairman of the Board of Directors.
  • The focus of the Company includes identifying businesses in the financial industry group (FIG Sector) with a focus on differentiated private wealth/asset managers.

Statistics:

  • 13,100,000 units priced at an offering price of $10.00 per unit
  • $11.50 exercise price for warrants
  • 1,965,000 additional units available for purchase to cover over-allotments
  • 45-day option to purchase additional units
  • $10.00 deposited into trust account per unit
  • 499 Park Avenue, 5th Floor, New York, New York 10022 as the address for Cantor Fitzgerald & Co.

Sources:

  • GlobeNewswire (MIL-OSI)
  • FIGX Capital Acquisition Corp.
  • GlobeNewswire (MIL-OSI)
  • Nasdaq Global Stock Market LLC
  • GlobeNewswire (MIL-OSI)
  • U.S. Securities and Exchange Commission (SEC)
  • GlobeNewswire (MIL-OSI)
  • Cantor Fitzgerald & Co.
  • GlobeNewswire (MIL-OSI)