FutureCorp Space Acquisition 1 filed its first Form 10-Q with the SEC on November 4, 2026, covering the quarter ended September 30, 2026, and the period from inception on March 12, 2026, through that date.

Key Highlights

  • Trust Account: Investments held in Trust Account totaled $232,597,000 as of September 30, 2026, with 23,000,000 Class A Ordinary Shares at a redemption value of $10.11 per share.
  • Net Income: The company reported net income of $1,914,985 for the three months ended September 30, 2026, and net income of $2,003,330 for the period from inception through September 30, 2026.
  • Earnings Per Share: Basic and diluted net income per share was $0.07 for both Class A redeemable and Class B non-redeemable Ordinary Shares for the three months ended September 30, 2026.
  • Shareholders' Deficit: Total shareholders' deficit stood at $(8,858,354) as of September 30, 2026, reflecting an accumulated deficit of $(8,858,929).
  • Shares Outstanding: As of November 3, 2026, there were 23,000,000 Class A Ordinary Shares and 5,750,000 Class B Ordinary Shares issued and outstanding.
  • Deferred Underwriting Fee: A deferred underwriting fee payable of $9,800,000 was recorded as a liability on the balance sheet.
  • Over-Allotment: On June 8, 2026, the underwriters exercised their over-allotment option in full, releasing 750,000 founder shares from forfeiture conditions.

FutureCorp Space Acquisition 1: Inaugural Quarterly Financial Results After June 2026 IPO

FutureCorp Space Acquisition 1, listed on NYSE:FTRA, filed its inaugural quarterly report covering the period from its March 12, 2026 inception through September 30, 2026. According to the filing, the company completed its Initial Public Offering on June 8, 2026, at which time the underwriters exercised their over-allotment option in full, resulting in 23,000,000 Class A Ordinary Shares sold in the IPO. The company is incorporated in the Cayman Islands and maintains its principal offices at 8605 Santa Monica Blvd., #54207, Los Angeles, California 90069.

The filing reports total assets of $233,786,230 as of September 30, 2026, the largest component being $232,597,000 held in the Trust Account. The company disclosed total current assets of $1,100,497, which included cash of $960,277, prepaid expenses of $9,303, and short-term prepaid insurance of $130,917. On the liabilities side, accounts payable and accrued expenses were $114,450, accrued offering expenses were $85,000, and amounts due to related parties were $22,400. Total liabilities reached $10,047,584, inclusive of the $9,800,000 deferred underwriting fee payable.

For the three months ended September 30, 2026, the company reported general and administrative fees of $192,397, producing a loss from operations of $(192,397). Interest earned on investments held in the Trust Account of $2,106,084 and interest earned on the operating bank account of $1,298 together generated total other income of $2,107,382, yielding net income of $1,914,985 for the quarter. The company disclosed that it is a smaller reporting company, non-accelerated filer, emerging growth company, and a shell company as defined under Rule 12b-2 of the Exchange Act.

What Was Disclosed

FutureCorp Space Acquisition 1 disclosed its unaudited condensed financial statements for the quarter ended September 30, 2026, its first quarterly filing since inception on March 12, 2026, showing $232,597,000 in trust assets, net income of $1,914,985 for the quarter, and a total shareholders' deficit of $(8,858,354).