FortuneX to Merge with WT Realty in $600 Million Deal
News related to:WT Realty Group Inc · 1 min read
NEW YORK, Sept. 18, 2026 /CourierPR/ -- FortuneX Acquisition Corporation and WT Realty Group Inc. have entered into a definitive business combination agreement, marking a significant milestone for both companies. WT Realty, an integrated, technology-enabled real estate platform, will merge with FortuneX, a special purpose acquisition company, to form a new public holding company named FortuneX Realty Group Holdings Inc. (PubCo).
Upon the closing of the transactions, FortuneX will domesticate from the Cayman Islands to Delaware and become the public holding company. WT Realty will survive the merger as a wholly owned subsidiary of PubCo. The merger is expected to result in PubCo’s Class A common stock being listed on the Nasdaq Stock Market. The aggregate merger consideration will consist of 60,000,000 shares of PubCo common stock, implying an equity value of approximately $600,000,000 based on a reference price of $10.00 per share.
Daniel McCabe, the Chief Executive Officer and Chief Financial Officer of FortuneX, expressed enthusiasm about the partnership.
Tiffany Xu, the Chief Executive Officer and Chairwoman of WT Realty, echoed the sentiment.
The proposed business combination is expected to close in the first quarter of 2027, subject to the approval of FortuneX’s shareholders, the approval of WT Realty’s stockholders, the effectiveness of the registration statement on Form S-4 to be filed with the Securities and Exchange Commission (SEC), the approval for listing of PubCo’s shares on Nasdaq, and other customary closing conditions.
FortuneX Acquisition Corporation is headquartered at 1185 Avenue of the Americas, 3rd Fl., New York, New York 10036. Participants in the solicitation of proxies from FortuneX shareholders in connection with the proposed business combination include FortuneX, WT Realty, and their respective directors, executive officers, and other members of management and employees.
Investors and securityholders are urged to read the Registration Statement, the proxy statement/prospectus, and any amendments or supplements thereto, which will be filed with the SEC. These documents will contain important information about FortuneX, WT Realty, and the proposed business combination.