Form 8-K
8-K — FortuneX Acquisition Corp
Accession: 0001829126-26-006182
Filed: 2026-06-08
Period: 2026-05-29
CIK: 0002121703
SIC: 6770 (BLANK CHECKS)
Item: Other Events
Item: Financial Statements and Exhibits
Documents
8-K — fortunexacq_8k.htm (Primary)
EX-99.1 — EXHIBIT 99.1 (fortunexacq_ex99-1.htm)
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
8-K
CURRENT REPORT
Pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 29, 2026
FortuneX Acquisition Corporation
(Exact name of registrant as specified in its charter)
Cayman Islands
001-43307
N/A00-0000000
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
1185 Avenue of the Americas, 3rd Fl.
New York, NY
10036
(Address of principal executive offices)
(Zip Code)
Registrant’s telephone number, including area code: (212) 612-1400
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation to the registrant under any of the following provisions:
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of exchange on which registered
Units, each consisting of one ordinary share, and one-half of one warrant
FXACU
The Nasdaq Stock Market LLC
Ordinary Shares, $0.0001 par value
FXAC
The
Nasdaq Stock Market LLC
Warrants, each exercisable for one ordinary share at an exercise price of $11.50 per share
FXACW
The
Nasdaq Stock Market LLC
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01. Other Events.
As previously reported, on May 26, 2026, FortuneX
Acquisition Corporation, a Cayman Islands exempted company (the “Company”) consummated an initial public offering (the “IPO”)
of 7,500,000 units (the “Units”). The Units were sold at an offering price of $10.00 per Unit, generating total gross proceeds
of $75,000,000.
On May 27, 2026, the Company announced that the underwriters
of its initial public offering exercised in full their over-allotment option to purchase 1,125,000 additional units at $10.00 per unit
upon the closing of the over-allotment option, generating gross proceeds of $11,250,000. The over-allotment option closed on May 29, 2026.
Simultaneously with the closing of the over-allotment option, the Company consummated the private placement of an aggregate of 15,000
units (the “Private Placement Units”) to FortuneX Investment Partners Limited, the Sponsor, at price of $10.00
per Private Placement Unit, generating gross proceeds of approximately $150,000.
An audited balance sheet as of May 26, 2026, reflecting
receipt of the proceeds upon consummation of the IPO has been issued by the Company and previously filed as Exhibit 99.1 to a Current
Report on Form 8-K on June 3, 2026.
An unaudited pro forma balance sheet of the Company
as of May 29, 2026, reflecting the consummation of the exercise in full of the underwriters’ over-allotment option and the related
transactions, is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
The information
contained in this Current Report shall not be deemed “filed” for purposes of Section
Item 9.01. Financial Statements and Exhibits.
(d)
Exhibits
Exhibit No.
Description
99.1
Unaudited Pro Forma Balance Sheet as of May 29, 2026
104
Cover Page Interactive Data File (embedded within the Inline XBRL document)
1
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
FortuneX Acquisition Corporation
Date: June 8, 2026
By:
/s/ Daniel M. McCabe
Name:
Daniel M. McCabe
Title:
Chief Executive Officer
2
EX-99.1 — EXHIBIT 99.1
EX-99.1
Filename: fortunexacq_ex99-1.htm · Sequence: 2
Exhibit 99.1
Unaudited Pro Forma Balance Sheet as of May 29, 2026
F-2
Notes to Unaudited Pro Forma Financial Statement
F-3
F-1
FORTUNEX ACQUISITION CORPORATION
UNAUDITED PRO FORMA BALANCE
SHEET
May 29, 2026
May 26,
2026
Pro Forma
Adjustments
As
Adjusted
(Unaudited)
(Unaudited)
Assets
Current Assets
Cash
$
1,102,515
$
(149,650
)
(b)
$
952,865
Advance – related party
53,900
131,100
(c)
185,000
Prepaid expenses
15,000
13,170
(c)
13,170
(15,000
)
(k)
Total Current Assets
1,171,415
(20,345
)
1,151,035
Cash and investments held in Trust Account
75,750,000
11,250,000
(a)
87,148,790
149,625
(b)
(37,125
)
(d)
36,290
(e)
Deferred offering costs
-
37,125
(d)
-
562,500
(g)
(599,625
)
(j)
Total Assets
$
76,921,415
$
11,378,410
$
88,299,825
Liabilities, Ordinary Shares Subject to Redemption and Shareholders’ Deficit
Current Liabilities
Accounts payable and accrued expenses
$
14,260
$
(5,320
)
(c)
$
10,390
1,450
(f)
Over-allotment option liability
102,787
(102,787
)
(h)
-
Total Current Liabilities
117,047
(106,657
)
10,390
Deferred underwriting fee payable
3,750,000
562,500
(g)
4,312,500
Total Liabilities
3,867,047
455,843
4,322,890
Commitments and Contingencies (Note 6)
Ordinary shares subject to possible redemption, $0.0001 par value, 500,000,000 shares authorized, 7,500,000 shares and 8,625,000 shares at redemption value of $10.10 and $10.10 per share, as actual and adjusted, respectively
75,750,000
11,250,000
(a)
87,148,790
36,290
(e)
112,500
(i)
Shareholders’ Deficit
Ordinary shares, $0.0001 par value, 500,000,000 shares authorized, 3,991,929 shares and 4,006,929 shares issued and outstanding, as actual and adjusted, respectively (excluding 7,500,000 shares and 8,625,000 shares subject to possible redemption, as actual and adjusted, respectively)
400
1
(c)
401
Accumulated deficit
(2,696,032
)
(25
)
(b)
(3,172,256
)
(25
)
(c)
112,489
(c)
37,125
(c)
(36,290
)
(e)
(599,625
)
(j)
36,290
(e)
102,787
(h)
(112,500
)
(i)
(1,450
)
(f)
(15,000
)
(k)
Total Shareholders’ Deficit
(2,695,632
)
(476,223
)
(3,171,855
)
Total Liabilities, Ordinary Shares Subject to Redemption and Shareholders’ Deficit
$
76,921,415
$
11,378,410
$
88,299,825
The accompany notes are an integral part of the unaudited pro forma financial statement.
F-2
FORTUNEX ACQUISITION CORPORATION
NOTES TO UNAUDITED PRO FORMA FINANCIAL STATEMENT
Note 1 — Closing of Over-allotment Option and Additional Private Placement Units
The accompanying unaudited Pro Forma Balance Sheet presents the Balance Sheet of FortuneX Acquisition Corporation (the “Company”) as of May 26, 2026, adjusted for the closing of the underwriters’ over-allotment option and related transactions which occurred on May 29, 2026 as described below.
On May 26, 2026, the Company consummated its initial public offering (“IPO”) of 7,500,000 units (the “Units” and, with respect to the ordinary shares included in the Units being offered, the “Public Shares”) at an offering price of $10.00 per Unit generating gross proceeds of $75,000,000. Simultaneously with the closing of the IPO, the Company consummated a private placement (the “Private Placement”) in which FortuneX Investment Partners Limited (the “Sponsor”) purchased 297,500 units (the “Private Placement Units”) at a price of $10.00 per Private Placement Unit, generating total gross proceeds of $2,975,000.
The Company granted the underwriters a 45-day option to purchase up to an additional 1,125,000 Units (the “Option Units”) at $10.00 per unit to cover over-allotments, if any. On May 27, 2026, the underwriters notified the Company of their exercise of the over-allotment option in full to purchase 1,125,000 additional units (the “Option Units”) at $10.00 per unit. The closing of the issuance and sale of the Option Units occurred on May 29, 2026, generating total gross proceeds of $11,250,000. Simultaneously with the closing of the over-allotment option, the Company consummated the private placement of an aggregate of 15,000 Private Placement Units to the Sponsor, at a price of $10.00 per Private Placement Unit, generating gross proceeds of approximately $150,000.
A total of $87,112,500
($10.10 per Unit) of the net proceeds from the sales of Units in the IPO, the Option Units and the Private Placements Unit on
May 26, 2026 and May 29, 2026, were placed in a trust account with Continental Stock Transfer& Trust acting as
trustee.
F-3
Pro forma adjustments to reflect the sales of the Option Units and additional Private Placement Units described above are as follows:
Pro Forma Entries
Debit
Credit
(a)
Cash and investments held in Trust Account
$
11,250,000
Ordinary share subject to possible redemption
$
11,250,000
To record the sale of 1,125,000 Option Units at $10.00 per Unit
(b)
Cash and investments held in Trust Account
$
149,625
Bank fee
25
Cash
$
149,650
To record the transfer of cash account to Trust account for trust overfunding and payment of underwriting commission
(c)
Advance – related party
$
131,100
Bank fee
25
Accrued administrative expense
5,320
Prepaid administrative fee
13,170
Ordinary share – non redeemable
$
1
Accumulative deficit
112,489
Accumulative deficit
37,125
To record trust overfunding of
$.10/unit x1,125,000 units and underwriter cash commission ($11,250,000.00 x 0.33%), and amounts due from sponsor were offset by
D&O insurance to be purchased by the sponsor and prepayment of administrative
fees
(d)
Deferred offering costs
$
37,125
Cash and investments held in Trust Account
$
37,125
To record payment of underwriting
commission ($11,250,000.00 x 0.33%)
(e)
Cash and investments held in Trust Account
$
36,290
Interest earned in investments held in Trust Account
$
36,290
Accumulative deficit
$
36,290
Ordinary share subject to possible redemption
$
36,290
To record interest earned in Trust Account and to reclass interest income to temporary equity
(f)
Administrative expense
$
1,450
Accrued administrative expenses
$
1,450
To record three days (May 27 to
May 29, 2026) of administrative expense
(g)
Deferred offering costs
$
562,500
Deferred underwriting commission payable
$
562,500
To record deferred underwriting
commission (5% of the sale of Option Units proceeds)
(h)
Over-allotment liability
$
102,787
Accumulative deficit
$
102,787
To reverse over-allotment option liability
(i)
Accumulative deficit
$
112,500
Ordinary share subject to possible redemption
$
112,500
To reclass trust overfunding to temporary equity
(j)
Accumulative deficit
$
599,625
Deferred offering costs
$
599,625
To record the charge of deferred offering costs to permanent equity
(k)
Professional fees - audit
$
15,000
Prepaid expenses
$
15,000
To record audit fees and reclassify from prepaid expense
F-4
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Units, each consisting of one ordinary share, and one-half of one warrant
Title of 12(b) Security
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Security Exchange Name
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Ordinary Shares, $0.0001 par value
Title of 12(b) Security
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Trading Symbol
FXAC
Security Exchange Name
NASDAQ
Warrants, each exercisable for one ordinary share at an exercise price of $11.50 per share
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