FIGX Capital Acquisition Corp. Prices $131 Million Initial Public Offering

Tiburon, CA – June 26, 2025 – FIGX Capital Acquisition Corp. (the “Company”), a newly formed special purpose acquisition company (SPAC), today announced the successful pricing of its initial public offering (IPO) of 13,100,000 units at a price of $10.00 per unit. This significant milestone marks the company's entry into the public markets, aiming to identify and merge with a promising private company within a specified timeframe.

The units are anticipated to commence trading on The Nasdaq Global Stock Market LLC (“Nasdaq”) tomorrow, June 27, 2025, under the ticker symbol “FIGXU.” Each unit offered consists of one Class A ordinary share and one-half of one redeemable warrant. Each whole warrant grants the holder the right to purchase one Class A ordinary share at an exercise price of $11.50 per share, subject to customary adjustments. It is important to note that no fractional warrants will be issued upon the separation of the units, and only whole warrants will be eligible for trading.

Upon the closing of the offering, a substantial amount equal to $10.00 per unit, totaling $131,000,000, will be deposited into a trust account. This trust mechanism is a hallmark of SPACs, designed to safeguard investor capital until a suitable business combination is identified and approved. The funds held in trust can only be used to complete a business combination or to redeem shares if a combination is not completed within the allotted time, or if shareholders elect to redeem their shares in connection with a business combination.

Once the securities constituting the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed independently on Nasdaq under the symbols “FIGX” and “FIGXW,” respectively. This separation typically occurs approximately 52 days after the IPO, or earlier if the company determines it is appropriate. The ability to trade shares and warrants separately provides investors with greater flexibility and liquidity.

The offering is projected to officially close on June 30, 2025, contingent upon the satisfaction of customary closing conditions. Furthermore, FIGX Capital Acquisition Corp. has granted the underwriters a 45-day option to purchase up to an additional 1,965,000 units at the initial public offering price. This over-allotment option, commonly known as a 'greenshoe' option, provides stability to the offering and allows the underwriters to cover potential excess demand.

Market Context and Implications

The pricing of FIGX Capital Acquisition Corp.'s IPO comes at a time when the SPAC market continues to evolve. While the frenzy of 2020-2021 has subsided, well-structured SPACs with experienced management teams still attract investor interest. The listing on Nasdaq, a premier global exchange, lends credibility and visibility to the new entity. This IPO provides a new avenue for investors seeking exposure to potential high-growth private companies that may not yet be ready for a traditional IPO.

Investment Insights for Investors

For investors considering FIGX Capital Acquisition Corp., several factors are crucial. Firstly, understanding the SPAC structure is paramount; the investment is initially in the management team's ability to identify and execute a successful merger. Investors should research the SPAC's sponsors, their track record, and their stated acquisition criteria. Secondly, the $10.00 per unit trust value provides a downside protection mechanism, as investors can redeem their shares for approximately this amount if they disapprove of a proposed merger or if no merger occurs. Thirdly, the warrants offer an additional upside potential, acting as a call option on the future combined entity's stock. However, warrant values are more volatile and depend heavily on the success of the de-SPAC transaction. Investors should monitor the company's progress in identifying a target and the terms of any potential merger carefully.

This IPO represents a fresh opportunity in the SPAC landscape, and its success will largely depend on the management team's strategic execution in identifying a compelling business combination.