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FortuneX Acquisition Corp
FortuneX Acquisition Corp has amended its business combination agreement with WT Realty Group Inc. to adjust the merger consideration. The total consideration was reduced from $600 million to $525 million, resulting in a decrease in the number of shares to be issued to the target company's stockholders from 60 million to 52.5 million shares.…more
FortuneX Acquisition Corp
FortuneX Acquisition Corp filed an 8-K/A amendment to supplement and correct terms of its business combination with WT Realty Group Inc. The updated agreement grants 20 votes per share to Class B common stock of the post-merger entity, sets an outside closing date of May 26, 2027, and establishes a $1.5 million cap on transaction expenses under specified conditions.…more
FortuneX Acquisition Corp
FortuneX Acquisition Corp has amended its business combination agreement with WT Realty Group Inc., clarifying governance, termination conditions, and expense caps. Post-merger, PubCo Class A shares will carry one vote per share, while Class B shares will carry 20 votes per share, with a potential $500,000 termination fee if the closing does not occur by May 26, 2027.…more
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FortuneX and WT Realty Sign $600M Business Combination Agreement
FortuneX and WT Realty have entered into a business combination agreement involving 60 million shares, implying an equity value of $600 million. This merger marks a strategic consolidation between the two entities.…more