Tom Lee-led SPAC company FutureCrest files IPO application with the US SEC, aiming to raise up to $250 million

Foresight News reported that BitMine Chairman Tom Lee leads the blank check company (SPAC) FutureCrest Acquisition, which filed documents with the US SEC on Friday, planning to raise up to $250 million through an initial public offering (IPO).

FutureCrest Acquisition stated that when searching for merger and acquisition targets, the company will leverage the management team's expertise and social capital in fields such as AI, digital assets, fintech, infrastructure, robotics, and communications. In addition, the company is optimistic about opportunities in business intelligence, productivity software, and digital health. FutureCrest Acquisition plans to list on Nasdaq under the ticker symbol FCRSU. The company confidentially filed documents on August 5, 2025. Cantor Fitzgerald is the sole bookrunner for this transaction.

Tom Lee is the co-founder, managing partner, and head of research at financial research consulting firm Fundstrat, as well as the Chief Information Officer of its affiliate Fundstrat Capital, which launched the Fundstrat Granny Shots US Large Cap ETF (ticker: GRNY) last year.