This is a standard SPAC IPO with no business combination announced. Monitor for the over-allotment exercise decision within 45 days and any subsequent target announcement. The $100M trust will be the primary valuation reference for future deals. No immediate trading catalyst.
Price Chart
Executive Summary
Forefront Tech Holdings Acquisition Corp (FTHAU) closed its $100M IPO of 10M units at $10/unit, with units trading on Nasdaq since April 30, 2026. The SPAC will focus on technology targets, particularly blockchain-enabled AI, digital trade identities, and robotics. This is a routine SPAC IPO announcement with no immediate trading catalyst beyond the offering itself.
Key Financial Metrics
Key Facts
- Closed IPO of 10,000,000 units at $10.00 per unit for gross proceeds of $100 million
- Each unit consists of one Class A ordinary share and one-half of one redeemable warrant
- Warrants exercisable at $11.50 per share for one Class A ordinary share
- Underwriters have 45-day option to purchase up to 1,500,000 additional units for over-allotments
- BTIG, LLC acted as sole book-running manager
- Focus on technology sector targets: blockchain-enabled AI, digital trade identities, robotics
- Registration statement effective April 29, 2026; units began trading April 30, 2026
Financial Impact
$100 million gross IPO proceeds before underwriting discounts and expenses
Risk Factors
- No target identified yet — SPAC may fail to consummate a business combination within required timeframe
- Warrant dilution if exercised at $11.50 per share
- Underwriters may exercise over-allotment, adding up to 1.5M additional units
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3286296 |
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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