- FutureCore filed a confidential Draft Registration Statement (DRS) with the SEC on July 20, 2026, then converted it to a public Form S-1 on September 11, 2026 (Acc. 0001829126-26-010047), registering a proposed $75,000,000 Nasdaq Capital Market offering — 7,500,000 units at $10.00 per unit.
- Each unit consists of one ordinary share, one right (convertible into one-quarter of one ordinary share on completion of an initial business combination), and one redeemable warrant exercisable at $11.50 per share — the same structure used across several other Luminark-tracked vehicles.
- Polaris Advisory Partners LLC is named sole book-running manager. Continental Stock Transfer & Trust Company will act as trustee, holding $10.025 per public unit in trust pending a business combination.
- FutureCore proposes a 15-month deadline from the closing of the offering to complete an initial business combination, extendable with shareholder approval.
- Michael Zhang — Founder & CEO of Luminark Holdings LLC — is named Chairman, Chief Executive Officer and Chief Financial Officer of FutureCore in the S-1, alongside independent director nominees Kimball Bennett Carr, Becky Fallon and Sean Michael Deegan.
- This is a preliminary prospectus marked “Subject to Completion” — pricing, the final unit count, and the offering date are not yet set. The Nasdaq symbols FTCRU, FTCR, FTCRR and FTCRW are reserved, not yet trading.
- Luminark Holdings LLC tracks FutureCore as part of its active SPAC portfolio. This update reflects filings confirmed on SEC EDGAR through September 24, 2026.
What an S-1 Filing Means
A Form S-1 is the general registration statement filed under the Securities Act of 1933 to register securities for a public offering. It is FutureCore’s formal request for SEC clearance to sell units to the public, and it becomes immediately and permanently searchable on EDGAR the moment it is filed — unlike the confidential Draft Registration Statement (DRS) that preceded it, which SEC staff review privately while the company works through initial comments before anything is public.
FutureCore’s DRS was filed July 20, 2026; the public S-1 followed September 11, 2026 — a 53-day confidential review window. The document filed September 11 is explicitly marked “Subject to Completion, dated September 11, 2026” on its cover, with the offering date, final pricing, and (in some places) the exact unit count left blank pending further SEC review. That is standard for a first public filing; it is not evidence of any problem with the offering.
What Comes Next
From here, the path to trading runs through the same sequence every SPAC in the Luminark-tracked portfolio has followed: SEC staff issue comment letters on the S-1; the company responds with one or more S-1/A amendments (FutureWave needed three, filed across 29 days, before its registration was declared effective); the SEC then declares the registration effective (Form EFFECT); FutureCore files Form 8-A12B to register its securities for exchange listing under the Exchange Act, and Nasdaq issues its own exchange certification (CERT) confirming FutureCore meets initial listing standards. Only after all of that clears does the offering price, with Form 424B4 setting the final terms and units beginning to trade under FTCRU.
For comparison, FutureWave Acquisition Corp — another Luminark-tracked Nasdaq vehicle with an economically similar unit structure — took approximately 70 days from its DRS to Nasdaq listing approval, and priced the day after. That is a reference point, not a guarantee; FutureCore’s own timeline will depend on how quickly SEC comments are resolved.
Full SEC Filing Timeline
FutureCore’s SEC EDGAR filing history to date (CIK 0002142699):
Luminark Holdings Portfolio Context
Luminark Holdings LLC is a principal investor in SPAC vehicles and the companies they take public. FutureCore Acquisition Corp is the newest vehicle in the portfolio to reach the public S-1 stage. Two prior SPACs — QuasarEdge Acquisition Corp (NYSE: QRED, $115M) and GalaxyEdge Acquisition Corp (NYSE: GLED, $115M) — have completed their IPOs and announced definitive merger agreements. FutureWave Acquisition Corp (Nasdaq: FWACU, $86.25M), Pelican Acquisition II Corp (Nasdaq: PLCIU, $86.25M) and OceanLight Acquisition Corp (Nasdaq: OCLTU, $115M) have all closed their IPOs, with FutureWave now searching for a target. Albatross Acquisition Corp (NYSE: ATACU, $115M proposed) remains in SEC registration, most recently amending its S-1.
FutureCore differs from the rest of the portfolio in one respect worth flagging directly: Michael Zhang, Luminark Holdings’ Founder and CEO, is named in the S-1 as FutureCore’s Chairman, Chief Executive Officer and Chief Financial Officer — a direct operating role, rather than the principal-investor relationship Luminark holds in the portfolio’s other vehicles. Contact Luminark Holdings for more on the SPAC portfolio pipeline.