- CEO
- Louis Charles Gerken
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 428 Greenwood Beach Road United States of America
- IPO Date
- Aug 18, 2025
- Business
- FIGX Capital Acquisition Corp. (FIGXW) operates as a blank check company incorporated in the Cayman Islands and headquartered at 428 Greenwood Beach Road, Tiburon, California; the company focuses on effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses, primarily targeting the financial industry group (FIG) sector with an emphasis on differentiated private wealth and asset managers positioned to become integrated multi-asset fund managers featuring diversified distribution channels and global market presence. Founded in 2025 and led by Chairman and CEO Lou Gerken, founder of Gerken Capital Associates, the SPAC completed its initial public offering of 13.1 million units at $10.00 each in June 2025, raising $131 million; units began separate trading of Class A ordinary shares (FIGX) and warrants (FIGXW) on Nasdaq starting August 18, 2025. Recent changes include the resignation of Dr. Russel Read from the board, audit committee, and compensation committee chairmanship on November 12, 2025, with no disagreements cited, followed by the appointment of Marc Holtzman as Class II director, audit committee member, and compensation committee chair on November 17, 2025; Holtzman, a banking industry veteran and prior senior advisor, agreed to waive certain redemption rights and support an initial business combination. No business combination target has been announced as of late 2025, and the company remains in the pre-merger phase with operations centered in the United States.