FUTU HK Help Center-Fees related to special purpose acquisition company (SPAC)

Fees related to special purpose acquisition company (SPAC)

1. Introduction to SPAC

Special Purpose Acquisition Company(SPAC), also known as a "blank check company," is a special form of listing on the U.S. stock market.

The sponsor establishes a SPAC shell to go public first in order to raise funds from investors to acquire an underlying company within a limited time (typically 24 months) so that it can quickly become a U.S. listed company.

The SPAC is a new "shell company" with only cash and no actual business, serving only as a listing platform. The target company can be listed by merging with SPAC and obtain SPAC funds.

2. Fees related to Special Purpose Acquisition Company(SPAC)

According to the entire operation process of SPAC, five categories of fees are set up:

Type	Fees	Notes
Unit splitting (Involuntary corporate action)	Free	——
Unit splitting (Voluntary application)	400$ per ticker	——
SPAC redeeming (Voluntary application)	200$ per ticker	1. Typically, the redemption date is two days prior to the meeting date. Please submit a ticker no later than 12 noon 2 days prior to the redemption date. For example, if the redemption date is July 5, please submit before 12 noon on July 3. 2. The redemption payment is typically paid to the account within 1 -3 weeks.
Ticker change after merger (Involuntary corporate action)	Free	——
Warrants exercising (Voluntary application)	Free	1. Agree to the terms of the exercise as well as by stating if you wish to exercise this as a cash or cashless exercise (if applicable). 2. Warrants must be settled in order to submit them for exercise. Holders must ensure their account has proper funding, as the exercise price will be debited from the account upon processing.

Involuntary corporate action: Non-client voluntary application behavior. It can be operated in batches by SPAC company.

*Fees may change if clearing system migration is involved.

3. How to apply

If you want to perform certain operation, please send the following information to cs@futuhk.com for application:

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Apr 14 07:43

"Leaving the Group - Raising Taxes - Tweeting: The 'Money Making Strategy' of the Most Wild Gemini in Contemporary Times"

It's said that Trump is a walking drama machine, raising tariffs today and praising China tomorrow, making stock investors feel like they are on a roller coaster every day. But if you have seen hisThe Art of Trade, and then take another look at hisGemini horoscope—Wow! This guy's approach is simply the business version of "Empresses in the Palace", with every step marked by the four big characters "I want to make money".
The main core strategy in the book "The Art of Trade" is the combination of business thinking and the art of gaming.
Its core logic can be summarized into the following five dimensions:
1. The underlying logic of "creating momentum" and "the combination of reality and illusion".
The book emphasizes "always let the other party make the first offer" and "exaggerate demand to gain leverage."

This strategy is often seen in tariff policies and trade negotiations.
[Example]
By imposing tariffs on various countries to create pressure, opponents are forced to the negotiation table, and then an agreement is reached through phased concessions.
II. Practical Application of the "Big Negotiation" Strategy

First, he scared everyone quite a bit, and then he gave a little reward.Imagine you are bargaining in a vegetable market, and Trump's approach is to first raise a loudspeaker and shout: "This pile of cabbage must be sold to me for 100 yuan today!" When the vendor is stunned, he suddenly rubs his hands and says: "But seeing that you are not having an easy time, let's settle for 80 yuan~"

[Example]
1. In 2018, tariffs were imposed on CN commodities, turning the global stock market into a green wilderness. Just when everyone was about to collapse, he suddenly signed a first-phase agreement and triumphantly tweeted: "No one understands deals better than I do!"

2. On April 2, 2025, ...