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Financial markets

FIGX Capital Acquisition Corp. Closes Initial Public Offering Raising $150.65 Million

Strategic Insights

— 1 min read

FIGX Capital Acquisition Corp., a blank check company formed to effect a business combination with one or more businesses, has announced the closing of its initial public offering (IPO) of 15.065 million units, raising a total of $150.65 million. The offering was priced at $10.00 per unit, with gross proceeds of $150.65 million. The Company's units began trading on the Nasdaq Global Stock Market under the ticker symbol "FIGXU" on June 27, 2025.

Key Takeaways:

  • FIGX Capital Acquisition Corp. raised $150.65 million through the initial public offering of 15.065 million units at $10.00 per unit.
  • The Company plans to concentrate its efforts in identifying businesses in the financial industry group (FIG Sector), with an initial focus on private wealth/asset managers positioned to become integrated multi-asset fund managers with diversified distribution channels and global market presence.
  • The management team is led by Lou Gerken, Chief Executive Officer and Chairman, and Jide James Zeitlin, Vice Chairman of the Board of Directors.
  • Cantor Fitzgerald & Co. acted as the sole book-running manager for the offering.
  • The Company's Class A ordinary shares and warrants are expected to be listed on Nasdaq under the symbols "FIGX" and "FIGXW," respectively.
  • Of the proceeds received from the IPO and a simultaneous private placement of units, $150.65 million (or $10.00 per unit sold in the offering) was placed in trust.

Statistics:

  • 15.065 million units were issued in the initial public offering.
  • The offering was priced at $10.00 per unit.
  • The gross proceeds from the offering were $150.65 million.
  • $150.65 million (or $10.00 per unit sold in the offering) was placed in trust, consisting of the proceeds from the IPO and a simultaneous private placement of units.
  • The Company's units began trading on the Nasdaq Global Stock Market under the ticker symbol "FIGXU" on June 27, 2025.

Sources:

  • GlobeNewswire (MIL-OSI)
  • FIGX Capital Acquisition Corp.
  • U.S. Securities and Exchange Commission (SEC)

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