FortuneX Acquisition agrees to merge with WT Realty in deal valuing target at $600 million
FXAC•Timing and approvals
The transaction is targeted to close in the first quarter of 2027, subject to shareholder votes and Nasdaq listing approval.
Merger agreement and deal terms
FortuneX Acquisition entered a business combination agreement with WT Realty, a technology-enabled real estate services platform.
Closing would create FortuneX Realty Group Holdings, with WT Realty becoming a wholly owned subsidiary.
Deal terms set merger consideration at 60,000,000 shares, implying equity value of about $600 million at $10 per share.
