India, June 5 -- Future Corp. (FTRAU), a special purpose acquisition company, on Thursday announced the pricing of its initial public offering of 20 million units at $10 per unit.
The offering is expected to close on June 8.
FutureCorp Space Acquisition 1 has granted the underwriters a 45-day option to purchase up to an additional 3 million units at the IPO price to cover over-allotments.
The gross proceeds from the offering are expected to be $200 million before underwriting discounts and other offering expenses.
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The company said each unit consists of one Class A ordinary share and one-half of one redeemable warrant, with each whole warrant exercisabl...