FIGX Capital Acquisition Corp. [FIGXU]
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FIGX Capital Acquisition Corp. units represent a special security that combines one share of Class A common stock with a fraction of a warrant to purchase additional shares. These units are typically offered during the SPAC's initial public offering and may later separate into individual common shares and warrants. Unit holders receive the economic benefits of both the underlying stock and the warrant component. Upon completion of a business combination, unit holders can participate in the potential upside of the merged entity. Units provide investors with leveraged exposure to the SPAC's eventual acquisition target.