FortuneX Acquisition Corporation (FXACW) Warrant
Each FXACW warrant gives the holder the right to buy 1 share of FortuneX Acquisition Corporation at $11.50 per share, for five years after the company completes its merger. The stock last closed at $10.08, below the strike, so the warrant is out of the money. FortuneX Acquisition Corporation has a market value of about $127.33M. FortuneX Acquisition Corporation is a SPAC (deal signed with WT Realty Group Inc.). It must complete a deal by May 26, 2027 or the warrants expire worthless. There are 4.31M listed warrants; exercising all of them would add 34.1% to the 12.63M shares outstanding.
Key terms
- Strike per share
- $11.50
- Shares per warrant
- 1
- Cash to exercise one warrant
- $11.50
- Expiry
- merger + 5 years
- Redemption trigger
- $18.00
- Cashless exercise
- allowed
- Break-even stock price
- $11.66
From the issuer's S-1/A (2026-05-19).
Company and stock
- Company
- FortuneX Acquisition Corporation
- Underlying stock
- FXAC
- Share price
- $10.08
- Market cap
- $127.33M
- Shares outstanding
- 12.63M
- Range since Jul 2026
- $10.00 – $10.10
- Change since Jul 2026
- +1%
- Value of all listed warrants
- $690.00K (0.5% of market cap)
- Industry
- Blank check company (SPAC)
- Head office
- New York, NY
- Incorporated in
- Cayman Islands
Market cap is the last share price times shares outstanding (as of 2026-08-13). Industry and head office are as the company reports them to the SEC. All SEC filings for this company.
Model value vs price Pro
- Model value
- Last price
- $0.1600
- Price / model
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Dilution
- Shares outstanding
- 12.63M
- Listed warrants
- 4.31M
- Dilution if all exercised
- 34.1%
Warrant count from filing text: public warrants.
SPAC deal
- Status
- deal signed
- Target
- WT Realty Group Inc.
- Deal announced
- 2026-09-18
- Deadline
- 2027-05-26
- Latest possible deadline
- 2027-05-26
- Trust per share
- $10.13
- Sponsor
- FortuneX Investment Partners Limited
- Sponsor's earlier SPACs
- 0 (0 closed a deal)
- Chance of a deal
A SPAC warrant is worth nothing if no deal closes by the deadline.
Filings and events
Questions about FXACW
When does the FXACW warrant expire?
Five years after the SPAC completes its merger; if no merger closes by the deadline, the warrants expire worthless.
What is the strike price of FXACW?
$11.50 per share; each warrant converts into 1 share, so exercising one warrant costs $11.50.
How many FXACW warrants are outstanding?
4.31M listed warrants, equal to 34.1% dilution if all are exercised.
Related warrants
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