FutureCorp Space Acquisition 1
For the period ended Jun 30, 2026. Filed Aug 11, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2026 · Filed Aug 11, 2026
FTRA$9.87-0.1%Stored close · as of Nov 10, 2026
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Condensed Balance Sheet as of June 30, 2026 (Unaudited)
CONDENSED BALANCE SHEET
| Assets: | |
|---|---|
| Current assets | |
| Cash | $1,003,716 |
| Prepaid expenses | 17,452 |
| Short-term prepaid insurance | 130,918 |
| Total Current Assets | 1,152,086 |
| Long-term prepaid insurance | 121,462 |
| Investments held in Trust Account | 230,490,916 |
| Total Assets | $231,764,464 |
| Liabilities, Class A Ordinary Shares Subject to Possible Redemption and Shareholders’ Deficit: | |
| Accounts payable and accrued expenses | $23,809 |
| Accrued offering expenses | 85,000 |
| Due to related parties | 6,400 |
| Total Current Liabilities | 115,209 |
| Deferred legal fees | 25,594 |
| Deferred underwriting fee payable | 9,800,000 |
| Total Liabilities | 9,940,803 |
| Commitments and Contingencies (Note 6) | |
| Class A Ordinary Shares subject to possible redemption, 23,000,000 shares at a redemption value of $10.02 per share | 230,490,916 |
| Shareholders’ Deficit | |
| Preference shares, $0.0001 par value; 5,000,000 shares authorized; none issued or outstanding | — |
| Class A Ordinary Shares, $0.0001 par value; 500,000,000 shares authorized; none issued or outstanding, excluding 23,000,000 shares subject to possible redemption | — |
| Class B Ordinary Shares, $0.0001 par value; 50,000,000 shares authorized; 5,750,000 shares issued and outstanding (1) | 575 |
| Additional paid-in capital | — |
| Accumulated deficit | (8,667,830) |
| Total Shareholders’ Deficit | (8,667,255) |
| Total Liabilities, Class A Ordinary Shares Subject to Possible Redemption and Shareholders’ Deficit | $231,764,464 |
| (1) | Includes 750,000 Class B Ordinary Shares subject to forfeiture if the over-allotment option is not exercised in full or in part by the underwriters. On June 8, 2026, the underwriters exercised their over-allotment option in full as part of the closing of the Initial Public Offering. As such, the 750,000 founder shares are no longer subject to forfeiture (Note 7). |
CONDENSED STATEMENTS OF OPERATIONS
| For the Three Months Ended June 30, | For the Period from March 12, 2026 (Inception) Through June 30, | |
|---|---|---|
| 2026 | 2026 | |
| General and administrative fees | $175,060 | $193,821 |
| Loss from operations | (175,060) | (193,821) |
| Other income (expense): | ||
| Compensation expense | (208,750) | (208,750) |
| Interest earned on investments held in Trust Account | 490,916 | 490,916 |
| Total other income, net | 282,166 | 282,166 |
| Net income | $107,106 | $88,345 |
| Basic and diluted weighted average shares outstanding, Class A redeemable Ordinary Shares | 5,560,440 | 4,600,000 |
| Basic and diluted net income per share, Class A redeemable Ordinary Shares | $0.01 | $0.01 |
| Basic weighted average shares outstanding, Class B non-redeemable Ordinary Shares (1) | 5,181,319 | 5,150,000 |
| Basic net income per share, Class B non-redeemable Ordinary Shares | $0.01 | $0.01 |
| Diluted weighted average shares outstanding, Class B non-redeemable Ordinary Shares (1) | 5,750,000 | 5,620,455 |
| Diluted net income per share, Class B non-redeemable Ordinary Shares | $0.01 | $0.01 |
| (1) | Includes 750,000 Class B Ordinary Shares subject to forfeiture if the over-allotment option is not exercised in full or in part by the underwriters. On June 8, 2026, the underwriters exercised their over-allotment option in full as part of the closing of the Initial Public Offering. As such, the 750,000 founder shares are no longer subject to forfeiture (Note 7). |
CONDENSED STATEMENTS OF CHANGES IN SHAREHOLDERS’ DEFICIT
FOR THE THREE MONTHS ENDED JUNE 30, 2026 AND
FOR THE PERIOD FROM MARCH 12, 2026 (INCEPTION) THROUGH JUNE 30, 2026
| Class A Ordinary Shares · Class B Ordinary Shares · Additional Paid-in · Accumulated · Total Shareholders’ | |||||||
|---|---|---|---|---|---|---|---|
| Shares | Amount | Shares | Amount | Capital | Deficit | Deficit | |
| Balance — March 12, 2026 (Inception) | — | $— | — | $— | $— | $— | $— |
| Issuance of Class B Ordinary Shares to Sponsor (1) | — | — | 5,750,000 | 575 | 24,425 | — | 25,000 |
| Net loss | — | — | — | — | — | (18,761) | (18,761) |
| Balance — March 31, 2026 (unaudited) | — | — | 5,750,000 | 575 | 24,425 | (18,761) | 6,239 |
| Accretion for Class A Ordinary Shares to redemption amount | — | — | — | — | (9,448,208) | (8,756,175) | (18,204,383) |
| Sale of Private Placement Warrants | — | — | — | — | 6,000,000 | — | 6,000,000 |
| Fair value of Public Warrants at issuance | — | — | — | — | 3,450,000 | — | 3,450,000 |
| Allocated value of transaction costs to Class A shares | — | — | — | — | (234,967) | — | (234,967) |
| Fair value of Founder Shares assigned to directors | — | — | — | — | 208,750 | — | 208,750 |
| Net income | — | — | — | — | — | 107,106 | 107,106 |
| Balance — June 30, 2026 (unaudited) | — | $— | 5,750,000 | $575 | $— | $(8,667,830) | $(8,667,255) |
| (1) | Includes 750,000 Class B Ordinary Shares subject to forfeiture if the over-allotment option is not exercised in full or in part by the underwriters. On June 8, 2026, the underwriters exercised their over-allotment option in full as part of the closing of the Initial Public Offering. As such, the 750,000 founder shares are no longer subject to forfeiture (Note 7). |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.