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FutureCrest Acquisition, led by Tom Lee, filed for an IPO and plans to raise $250 million."

On September 7, Future Crest Acquisition, a Blank Check Company (SPAC) led by BitMine Chairman Tom Lee, filed documents with the US SEC on Friday, planning to raise up to US$250 million through an initial public offering (IPO). Tom Lee is known in the media for being bullish on cryptocurrencies, and his IPO prospectus also highlighted his past predictions for Bitcoin prices. Future Crest Acquisition said that when looking for M & A targets, the company will leverage the management team's expertise and social capital in areas such as AI, digital assets, financial technology, infrastructure, robotics and communications. In addition, the company is also optimistic about opportunities such as business intelligence, productivity software and digital health. Future Crest Acquisition plans to list on Nasdaq under the ticker symbol FCRSU. The company submitted the documents confidentially on August 5, 2025. Cantor Fitzgerald is the sole bookkeeper for this transaction.

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