FortuneX Acquisition Corporation (NASDAQ: FXAC) announced on September 18, 2026, that it has entered into a definitive business combination agreement with WT Realty Group Inc., a Delaware corporation. Under the agreement, FortuneX will merge with WT Realty, with WT Realty surviving as a wholly-owned subsidiary of the combined entity.
The transaction involves two primary steps. First, FortuneX intends to de-register under the Cayman Islands Companies Act and domesticate as a corporation incorporated in the State of Delaware. Following this domestication, FortuneX Merger Sub Inc. will merge with and into WT Realty. The resulting public holding company is intended to be named FortuneX Realty Group Holdings Inc. (PubCo).
FortuneX and WT Realty have approved the agreement unanimously. The combined company’s Class A common stock is expected to be listed on the Nasdaq Stock Market.
FortuneX will file a registration statement on Form S-4 with the SEC, which will include a proxy statement and prospectus for shareholder approval. The proposed business combination is expected to close in the first quarter of 2027, subject to customary closing conditions, including the effectiveness of the registration statement, the approval of FortuneX and WT Realty shareholders, and Nasdaq listing approval.
The Business Combination Agreement provides for an aggregate merger consideration of 60,000,000 shares of PubCo common stock. This represents an agreed equity value of $600 million, based on a reference price of $10.00 per share. The number of shares is fixed and not subject to adjustments for cash, indebtedness, or working capital.
FortuneX is led by Daniel M. McCabe, who serves as Chairman, Chief Executive Officer, and Chief Financial Officer. WT Realty is led by Tiffany Xu, who serves as Chief Executive Officer and Chairwoman. Winston Taylor LLP is acting as legal counsel to WT Realty, and Celine & Partners PLLC is acting as legal counsel to FortuneX.
