FTHAU is a newly formed SPAC with no target identified. The stock will likely trade near its $10 trust value until a business combination is announced. Monitor for future 8-Ks regarding target selection and definitive agreements. The warrants provide upside leverage if a successful deal is completed.
Price Chart
Executive Summary
Forefront Tech Holdings Acquisition Corp filed an 8-K regarding the pricing and signing of an underwriting agreement for its initial public offering of 10,000,000 units at $10.00 per unit, with an over-allotment option of 1,500,000 units. The company, a blank check SPAC, will place approximately $100.3 million in trust to fund a future business combination. The filing also includes a private placement of 370,000 units to the sponsor and representative and customary registration rights agreements.
Key Financial Metrics
Key Facts
- IPO of 10,000,000 units at $10.00 per unit, each consisting of one Class A ordinary share and one-half of one redeemable warrant
- Underwriters granted 45-day over-allotment option to purchase up to 1,500,000 additional units
- Approximately $100,300,000 of proceeds deposited in trust account for benefit of public shareholders
- Private placement of 370,000 units to sponsor (355,000) and representative (15,000) at $10.00 per unit
- Deferred underwriting commission of $0.30 per unit ($3,000,000 from firm units) payable upon consummation of business combination
- Warrants exercisable at $11.50 per share, commencing 30 days after business combination and expiring 5 years thereafter
Financial Impact
Gross proceeds of $100 million from firm units, with potential additional $15 million from over-allotment; $100.3 million placed in trust
Risk Factors
- No identified acquisition target; risk of failing to complete a business combination within the allowed timeframe
- If no deal is completed, the company will liquidate and return trust proceeds, limiting upside but also offering downside protection near trust value
- Dilution from warrants and founder shares may reduce per-share value of common stock in a business combination
Market Snapshot
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001213900-26-052180 |
| Document: ea028914301ex4-1.htm | 0001213900-26-052180 |
| Document: ea028914301ex10-3.htm | 0001213900-26-052180 |
| Document: ea028914301ex10-10.htm | 0001213900-26-052180 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jun 18, 2026 18w ago | Press Release | $10.00 $10.22 | ▲ +2.20% | ▲ +1.67% | $10.19 (+1.90%) |
May 5, 2026 24w ago | 8-K | $9.98 $10.00 | ▲ +0.20% | ▼ −2.58% | $10.19 (+2.10%) |
May 2, 2026 25w ago | Press Release | $9.98 $10.02 | ▲ +0.40% | ▼ −5.24% | $10.19 (+2.10%) |
Apr 29, 2026 25w ago | Press Release | $9.97 $10.02 | ▲ +0.50% | ▼ −4.72% | $10.19 (+2.21%) |
US Market Status
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