FortuneX amends 8-K to correct business combination agreement disclosures for WT Realty deal
FXAC•FortuneX filed an amended 8-K correcting disclosures for its planned business combination with WT Realty. The filing adds share-voting details and revises termination and expense terms, including a $500,000 termination fee and a $1.5 million expense cap.
1. Amended deal disclosures
FortuneX amended its 8-K to correct disclosures for its planned business combination with WT Realty. The amended terms state that PubCo Class A shares carry one vote and Class B shares carry 20 votes; the deal may be terminated if it has not closed by May 26, 2027, and includes a $500,000 termination fee for material breach. SPAC transaction expenses are capped at $1.5 million if the deal closes by that date.
