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FortuneX Acquisition (FXAC) details $87.4M trust and going concern risk
FortuneX Acquisition Corporation (FXAC) reported its first post-IPO quarter, holding $87.4 million in a U.S. Treasury-based Trust Account and $574,630 in cash for working capital. The SPAC generated $182,711 in net income from trust investments but disclosed substantial doubt about its ability to continue as a going concern due to limited working capital and a fixed liquidation deadline …
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