Forefront Tech Holdings Acquisition Corp, a Cayman Islands-based blank check company, completed its initial public offering of 10,000,000 units at $10.00 per unit, raising $100,000,000 in gross proceeds. Each unit includes one Class A ordinary share and one-half of a redeemable warrant exercisable at $11.50 per share.
At the same time, the company sold 370,000 private placement units for $3,700,000, bringing total offering proceeds to $103,700,000. As of May 1, 2026, $100,300,000, or $10.03 per public share, was held in a Trust Account for the future business combination, while cash outside the trust was $1,385,346. The audited balance sheet shows 10,000,000 Class A shares classified as redeemable, 3,833,333 Class B founder shares outstanding, and total transaction costs of $4,989,814, including $3,000,000 of deferred underwriting fees payable only if a business combination is completed within an 18‑month window.
Forefront Tech Holdings Acquisition Corp, a Cayman Islands-based blank check company, has completed its initial public offering of 10,000,000 units at $10.00 each, raising gross proceeds of $100,000,000. Each unit includes one Class A ordinary share and one-half of one redeemable warrant exercisable at $11.50 per share.
The company also sold 355,000 private placement units to its sponsor for $3,550,000 and 15,000 private placement units to BTIG, LLC for $150,000. A total of $103,700,000 from the IPO and private placements was deposited into a U.S.-based trust account to fund a future business combination focused on technology-sector targets.
Forefront Tech Holdings Acquisition Corp director and Chief Financial Officer Muk Siew Peng has filed an initial Form 3, which records their status as an insider of the company. The provided data shows no reportable transactions, holdings entries, or derivative positions at this time.
Forefront Tech Holdings Acquisition Corp director Stephan Roderick Charles has filed an initial Form 3, which is a required statement of beneficial ownership for insiders. The filing identifies him as a director of the company but does not list any specific share transactions in this excerpt.