NEW YORK, May 26, 2026 (GLOBE NEWSWIRE) -- FortuneX Acquisition Corp (NASDAQ:FXACU, the "Company")) announced today that it closed its initial public offering ("IPO") of 7,500,000 units at an offering price of $10.00 per unit. The underwriters have a 45-day option from the date of the prospectus to purchase up to an additional 1,125,000 units from the Company at the IPO price to cover over-allotments, if any.

Each unit consisting of one ordinary share and one-half of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one ordinary share at a price of $11.50 per share, subject to adjustment. The units are listed on The Nasdaq Global Market ("Nasdaq") and began trading under the ticker symbol "FXACU" on May 22, 2026. Once the securities comprising the units begin separate trading, the ordinary share and warrants are expected to be listed on Nasdaq under the symbols "FXAC" and "FXACW," respectively.

Polaris Advisory Partners, a division of Kingswood Capital Partners LLC, served as the sole book-running manager for the offering.

Celine and Partners, P.L.L.C. served as legal counsel to the Company. O'Melveny & Meyers LLP served as legal counsel ...