FIGX Acquisition is a SPAC — a blank check company with no operations or revenue — formed solely to find and acquire a private company and take it public. FIGX raised ~$150.7M in its June 2025 IPO, with proceeds held in a Trust Account earning interest until a deal closes. FIGX has until June 30, 2027 to complete an acquisition, or it must liquidate and return funds to shareholders at roughly $10.20 per share. FIGX targets U.S.-based private wealth managers and registered investment advisers (RIAs) in the $10-$50B AUM range with enterprise values of $200M-$1B, focusing on firms at an inflection point — particularly those facing founder succession challenges or seeking a public listing. Post-acquisition, management intends to help grow the combined company by expanding into alternative assets, adding fintech-driven automation, and broadening distribution into new geographies. The SPAC structure gives the Sponsor (FIGX Acquisition Partners, led by CEO Louis Gerken) Founder Shares at nominal cost representing ~20% of post-IPO shares — the "promote" — which converts to regular shares only if a deal closes. Public shareholders can redeem shares at ~$10.20 before or at deal close, which is a key risk: high redemption rates reduce the cash available to fund the acquisition.