FutureCrest Acquisition, led by Tom Lee, has submitted an IPO application to raise $250 million.

BlockBeats News, September 7, BitMine Chairman of the Board Tom Lee-led blank check company Special Purpose Acquisition Company (SPAC) FutureCrest Acquisition submitted a filing to the U.S. SEC on Friday, planning to raise up to $250 million through an Initial Public Offering (IPO).

Tom Lee, known in the media for being bullish on cryptocurrency, also highlighted his past Bitcoin price predictions in the company's IPO prospectus. FutureCrest Acquisition stated that in seeking acquisition targets, the company will leverage the management team's expertise and social capital in areas such as AI, digital assets, fintech, infrastructure, robotics, and communications. Additionally, the company sees opportunities in business intelligence, productivity software, and digital health.

FutureCrest Acquisition plans to list on Nasdaq under the stock symbol FCRSU. The company submitted its filing confidentially on August 5, 2025. Cantor Fitzgerald is the exclusive bookrunner for this transaction.