FTRA
FTRA-UNCIK 0002131853
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FutureCorp Space Acquisition 1 prices $200M SPAC IPO at $10 per unit
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FTRA S-1/A adds space-economy thesis, sponsor details, and trust mechanics
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Latest financial statements
From 10-Q filed Aug 11, 2026 (period ending Jun 30, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Condensed Statements of Operations (Unaudited)
| Description | Three months ended June 30, 2026 | Period from March 12, 2026 (Inception) Through June 30, 2026 |
|---|---|---|
| General and administrative fees | 175,060 | 193,821 |
| Loss from operations | (175,060) | (193,821) |
| Other income (expense): | ||
| Compensation expense | (208,750) | (208,750) |
| Interest earned on investments held in Trust Account | 490,916 | 490,916 |
| Total other income, net | 282,166 | 282,166 |
| Net income | 107,106 | 88,345 |
| Basic and diluted weighted average shares outstanding, Class A redeemable Ordinary Shares | 5,560,440 | 4,600,000 |
| Basic and diluted net income per share, Class A redeemable Ordinary Shares | 0.01 | 0.01 |
| Basic weighted average shares outstanding, Class B non-redeemable Ordinary Shares (1) | 5,181,319 | 5,150,000 |
| Basic net income per share, Class B non-redeemable Ordinary Shares | 0.01 | 0.01 |
| Diluted weighted average shares outstanding, Class B non-redeemable Ordinary Shares (1) | 5,750,000 | 5,620,455 |
| Diluted net income per share, Class B non-redeemable Ordinary Shares | 0.01 | 0.01 |
Condensed Balance Sheet (Unaudited)
| Description | June 30, 2026 |
|---|---|
| Cash | 1,003,716 |
| Prepaid expenses | 17,452 |
| Short-term prepaid insurance | 130,918 |
| Total Current Assets | 1,152,086 |
| Long-term prepaid insurance | 121,462 |
| Investments held in Trust Account | 230,490,916 |
| Total Assets | 231,764,464 |
| Liabilities, Class A Ordinary Shares Subject to Possible Redemption and Shareholders’ Deficit: | |
| Accounts payable and accrued expenses | 23,809 |
| Accrued offering expenses | 85,000 |
| Due to related parties | 6,400 |
| Total Current Liabilities | 115,209 |
| Deferred legal fees | 25,594 |
| Deferred underwriting fee payable | 9,800,000 |
| Total Liabilities | 9,940,803 |
| Commitments and Contingencies (Note 6) | |
| Class A Ordinary Shares subject to possible redemption, 23,000,000 shares at a redemption value of $10.02 per share | 230,490,916 |
| Shareholders’ Deficit | |
| Preference shares, $0.0001 par value; 5,000,000 shares authorized; none issued or outstanding | — |
| Class A Ordinary Shares, $0.0001 par value; 500,000,000 shares authorized; none issued or outstanding, excluding 23,000,000 shares subject to possible redemption | — |
| Class B Ordinary Shares, $0.0001 par value; 50,000,000 shares authorized; 5,750,000 shares issued and outstanding (1) | 575 |
| Additional paid-in capital | — |
| Accumulated deficit | (8,667,830) |
| Total Shareholders’ Deficit | (8,667,255) |
| Total Liabilities, Class A Ordinary Shares Subject to Possible Redemption and Shareholders’ Deficit | 231,764,464 |
Condensed Statement of Cash Flows (Unaudited)
| Description | Period from march 12, 2026 (inception) through june 30, 2026 |
|---|---|
| Net income | 88,345 |
| Adjustments to reconcile net income to net cash used in operating activities: | |
| Payment of general and administrative fees through advances from related parties | 72,046 |
| Interest earned on investments held in Trust Account | (490,916) |
| Compensation expense | 208,750 |
| Changes in operating assets and liabilities: | |
| Prepaid expenses | 548 |
| Short-term prepaid insurance | (130,918) |
| Long-term prepaid insurance | (121,462) |
| Accounts payable and accrued expenses | 23,809 |
| Deferred legal fee | 7,234 |
| Net cash used in operating activities | (342,564) |
| Cash Flows from Investing Activities: | |
| Investment of cash in Trust Account | (230,000,000) |
| Net cash used in investing activities | (230,000,000) |
| Cash Flows from Financing Activities: | |
| Proceeds from sale of Units, net of underwriting discounts paid | 226,000,000 |
| Proceeds from sale of Private Placement Warrants | 6,000,000 |
| Repayment of advances from related parties | (291,521) |
| Payment of offering costs | (362,199) |
| Net cash provided by financing activities | 231,346,280 |
| Net Change in Cash | 1,003,716 |
| Cash Beginning of period | — |
| Cash End of period | 1,003,716 |
| Non - Cash investing and financing activities: | |
| Offering costs included in accrued offering costs | 85,000 |
| Offering costs paid by Sponsor in exchange for issuance of Class B Ordinary Shares | 25,000 |
| Offering costs paid by advances from Sponsor | 207,875 |
| Prepaid services paid by advances from Sponsor | 18,000 |
| Deferred underwriting fee payable | 9,800,000 |
| Deferred legal fee payable | 18,360 |
Amounts as printed on the EDGAR/iXBRL face. Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗