FIGX Capital Acquisition Corp Secures $150M in Eye‑Catching SPAC Debut
Wall Street watches closely as a new blank-check player enters the financial arena
FIGX Capital Acquisition Corp., trading its units under FIGXU on Nasdaq, has successfully raised $150.65 million through the sale of 15.065 million units at $10 each. Including full over-allotment, this marks a strong launch for the blank‑check firm focused on the financial industry group (FIG sector), particularly private wealth and asset managers.
Units began trading June 27, with individual shares and warrants—FIGX and FIGXW—set to separate soon. Each unit includes one Class A ordinary share and half a warrant; full warrants allow the purchase of one share at $11.50, creating clear upside potential. All IPO proceeds (approximately $10 per unit) are securely held in trust pending identification of acquisition targets.
The company is led by high-profile names in finance. Lou Gerken serves as CEO and Chairman, with Jide Zeitlin as Vice Chairman and Mike Rollins as CFO. Cantor Fitzgerald & Co. acted as sole bookrunner, reinforcing the market’s confidence in FIGX’s strategic direction.
FIGX’s stated goal is to merge with scalable, differentiated asset or wealth managers with global potential. With a 24-month timeline to complete a business combination, investors are watching for deal announcements and early price action. As of June 30, FIGX trades close to its $10 IPO mark, with a market cap around $169 million.