Forefront Tech Holdings Acquisition Corp Raises $100M in 10M-Unit IPO
Forefront Tech Holdings Acquisition Corp closed a $100 million IPO of 10 million units at $10, each comprising one Class A ordinary share and half a warrant exercisable at $11.50. Underwriters have a 45-day option to purchase 1.5 million additional units, with net proceeds to fund a technology-focused merger.
1. IPO Closing Details
Forefront Tech Holdings Acquisition Corp completed its initial public offering of 10,000,000 units at $10.00 per unit, generating $100 million in gross proceeds before expenses. Each unit comprises one Class A ordinary share and one-half of a redeemable warrant exercisable at $11.50 per share.
2. Trading and Future Listings
Units began trading on the Nasdaq Global Market under the ticker FTHAU on April 30, 2026. Upon separation, Class A shares and warrants are expected to list under symbols FTHA and FTHAW, with only whole warrants trading and no fractional warrants issued.
3. Over-Allotment Option & Proceeds Use
Underwriters hold a 45-day option to purchase up to 1,500,000 additional units at the IPO price to cover potential over-allotments. The company plans to deploy net proceeds toward identifying and completing a technology-sector business combination and for working capital.