FIGX Capital Acquisition Corp (NASDAQ: FIGX) is a blank check special purpose acquisition company incorporated on February 20, 2025, as a Cayman Islands exempted company, formed for the sole purpose of effecting a business combination with one or more businesses. The company completed its IPO on June 30, 2025, raising proceeds from 15,065,000 Public Units, including 1,965,000 units issued via full exercise of the over-allotment option, with each unit consisting of one Class A Ordinary Share and one-half of one redeemable warrant. FIGX generates no operating revenues and does not expect to until a business combination is consummated. The company is concentrating its acquisition search on the financial industry group (FIG) sector, with emphasis on differentiated private wealth and asset managers positioned to operate as multi-asset fund managers. As of the date of the 10-K filing on March 9, 2026, no specific acquisition target had been selected. IPO proceeds are held in a Trust Account, with a redemption price of approximately $10.20 per Public Share as of December 31, 2025.

Revenue model

FIGX generates no operating revenues as of December 31, 2025. The company reimburses its Sponsor $10,000 per month for office space, utilities, and administrative support under an Administrative Services Agreement, which began June 27, 2025. Total fees incurred under this arrangement were $60,000 for the period from inception (February 20, 2025) through December 31, 2025. Revenue is expected only after consummation of an initial business combination.

Products and services

FIGX offers Public Units consisting of one Class A Ordinary Share and one-half of one Public Warrant per unit. The company holds IPO proceeds in a Trust Account pending a business combination. It also issued Private Placement Units to its Sponsor. Founder Shares (Class B Ordinary Shares) convert into Class A Ordinary Shares upon completion of a business combination on a one-for-one basis, subject to adjustment, with Founder Share holders retaining up to 20% of post-combination Class A Ordinary Shares outstanding.

Customers and end markets

FIGX targets businesses in the financial industry group (FIG) sector, specifically private wealth and asset managers. Possible acquisition targets include privately held companies seeking a public listing, non-US listed companies seeking a US listing or dual listing, FIG firms seeking to carve out wealth or asset management businesses, private equity funds seeking to list portfolio companies, and companies addressing succession ownership issues.

Value-chain role

FIGX operates as a SPAC sponsor vehicle, acting as an intermediary that raises public capital through an IPO and deploys it via a negotiated business combination. It targets FIG sector companies and seeks to integrate its management team and advisors into the combined entity post-transaction.

Geographic exposure

FIGX is incorporated in the Cayman Islands and listed on Nasdaq. Its acquisition focus includes non-US listed companies seeking a US listing, suggesting an international target scope, though no specific geographic markets are defined in the filing.

Source: SEC 10-K, filed 2026-03-09

Industry: Blank Checks