{"success":true,"data":{"pressRelease":{"id":"17804","rtpr_id":"nGNE4PR9ps","ticker":"FTHAU","exchange":"NASDAQ","all_tickers":["FTHAU"],"title":"Forefront Tech Holdings Acquisition Corp Announces Closing of $100,000,000 Initial Public Offering","author":"Globe Newswire","published_at":"2026-05-02T04:17:00.221Z","article_body":"GRAND CAYMAN, Cayman Islands, May 02, 2026 (GLOBE NEWSWIRE) -- Forefront Tech\nHoldings Acquisition Corp (NASDAQ: FTHAU) (the “Company”) today announced\nthat it closed its initial public offering (“IPO”) of 10,000,000 units at\n$10.00 per unit. The gross proceeds from the offering were $100 million before\ndeducting underwriting discounts and estimated offering expenses. The units\nbegan trading on The Nasdaq Global Market tier of The Nasdaq Stock Market LLC\n(“Nasdaq”) under the ticker symbol “FTHAU” on April 30, 2026.\n\nEach unit consists of one Class A ordinary share and one-half of one\nredeemable warrant. Each whole warrant entitles the holder to purchase one\nClass A ordinary share of the Company at a price of $11.50 per share. No\nfractional warrants will be issued upon separation of the units and only whole\nwarrants will trade. Once the securities comprising the units begin separate\ntrading, the Class A ordinary shares and warrants are expected to be listed on\nNasdaq under the symbols “FTHA” and “FTHAW”, respectively. The Company\nhas granted the underwriters a 45-day option to purchase up to 1,500,000\nadditional units at the IPO price to cover over-allotments, if any.\n\nThe Company intends to use the net proceeds from the offering, and the\nsimultaneous private placements of units, to consummate the Company's initial\nbusiness combination and for working capital following the offering.\n\nBTIG, LLC acted as the sole book-running manager in the offering. \n  \nA registration statement relating to the securities has been filed with the\nU.S. Securities and Exchange Commission (“SEC”) and became effective on\nApril 29, 2026. The offering was made only by means of a prospectus, copies of\nwhich may be obtained from BTIG, LLC, Attn: Capital Markets, 65 East 55th\nStreet, New York, New York 10022, or by email at ProspectusDelivery@btig.com,\nor from the SEC website at www.sec.gov.\n\nThis press release shall not constitute an offer to sell or a solicitation of\nan offer to buy, nor shall there be any sale of these securities in any state\nor jurisdiction in which such offer, solicitation or sale would be unlawful\nprior to registration or qualification under the securities laws of any such\nstate or jurisdiction.\n\nAbout Forefront Tech Holdings Acquisition Corp\n\nThe Company is a blank check company incorporated as an exempted company under\nthe laws of the Cayman Islands, which will seek to effect a merger, share\nexchange, asset acquisition, share purchase, reorganization or similar\nbusiness combination with one or more businesses or entities. While it may\npursue an acquisition opportunity in any business, industry, sector or\ngeographical location, it intends to focus on target businesses in the\ntechnology sector, with an emphasis on blockchain-enabled artificial\nintelligence, digital trade identities and robotics.\n\nForward-Looking Statements\n\nThis press release includes forward-looking statements that involve risks and\nuncertainties, including with respect to the IPO, the anticipated use of the\nnet proceeds thereof and the Company's search for an initial business\ncombination. Forward-looking statements are statements that are not historical\nfacts. Such forward-looking statements are subject to risks and uncertainties,\nwhich could cause actual results to differ from the forward-looking\nstatements. The Company expressly disclaims any obligations or undertaking to\nrelease publicly any updates or revisions to any forward-looking statements\ncontained herein to reflect any change in the Company’s expectations with\nrespect thereto or any change in events, conditions or circumstances on which\nany statement is based. No assurance can be given that the net proceeds of the\noffering will be used as indicated. Forward-looking statements are subject to\nnumerous conditions, many of which are beyond the control of the Company,\nincluding those set forth in the Risk Factors section of the Registration\nStatement and related prospectus filed in connection with the IPO with the\nSEC. Copies are available on the SEC’s website, www.sec.gov.\n\nContact:\n\nForefront Tech Holdings Acquisition Corp\nSuite 210, 2nd Floor, Windward III, \nRegatta Office Park, PO Box 500\nGrand Cayman, Cayman Islands, KY1-1106\nTelephone: +1 (345) 769-4912","article_body_html":"","raw_payload":{"data":{"id":"nGNE4PR9ps","title":"Forefront Tech Holdings Acquisition Corp Announces Closing of $100,000,000 Initial Public Offering","author":"Globe Newswire","ticker":"FTHAU","created":"2026-05-02T04:17:00.221Z","tickers":["FTHAU"],"exchange":"NASDAQ","article_body":"GRAND CAYMAN, Cayman Islands, May 02, 2026 (GLOBE NEWSWIRE) -- Forefront Tech\nHoldings Acquisition Corp (NASDAQ: FTHAU) (the “Company”) today announced\nthat it closed its initial public offering (“IPO”) of 10,000,000 units at\n$10.00 per unit. The gross proceeds from the offering were $100 million before\ndeducting underwriting discounts and estimated offering expenses. The units\nbegan trading on The Nasdaq Global Market tier of The Nasdaq Stock Market LLC\n(“Nasdaq”) under the ticker symbol “FTHAU” on April 30, 2026.\n\nEach unit consists of one Class A ordinary share and one-half of one\nredeemable warrant. Each whole warrant entitles the holder to purchase one\nClass A ordinary share of the Company at a price of $11.50 per share. No\nfractional warrants will be issued upon separation of the units and only whole\nwarrants will trade. Once the securities comprising the units begin separate\ntrading, the Class A ordinary shares and warrants are expected to be listed on\nNasdaq under the symbols “FTHA” and “FTHAW”, respectively. The Company\nhas granted the underwriters a 45-day option to purchase up to 1,500,000\nadditional units at the IPO price to cover over-allotments, if any.\n\nThe Company intends to use the net proceeds from the offering, and the\nsimultaneous private placements of units, to consummate the Company's initial\nbusiness combination and for working capital following the offering.\n\nBTIG, LLC acted as the sole book-running manager in the offering. \n  \nA registration statement relating to the securities has been filed with the\nU.S. Securities and Exchange Commission (“SEC”) and became effective on\nApril 29, 2026. The offering was made only by means of a prospectus, copies of\nwhich may be obtained from BTIG, LLC, Attn: Capital Markets, 65 East 55th\nStreet, New York, New York 10022, or by email at ProspectusDelivery@btig.com,\nor from the SEC website at www.sec.gov.\n\nThis press release shall not constitute an offer to sell or a solicitation of\nan offer to buy, nor shall there be any sale of these securities in any state\nor jurisdiction in which such offer, solicitation or sale would be unlawful\nprior to registration or qualification under the securities laws of any such\nstate or jurisdiction.\n\nAbout Forefront Tech Holdings Acquisition Corp\n\nThe Company is a blank check company incorporated as an exempted company under\nthe laws of the Cayman Islands, which will seek to effect a merger, share\nexchange, asset acquisition, share purchase, reorganization or similar\nbusiness combination with one or more businesses or entities. While it may\npursue an acquisition opportunity in any business, industry, sector or\ngeographical location, it intends to focus on target businesses in the\ntechnology sector, with an emphasis on blockchain-enabled artificial\nintelligence, digital trade identities and robotics.\n\nForward-Looking Statements\n\nThis press release includes forward-looking statements that involve risks and\nuncertainties, including with respect to the IPO, the anticipated use of the\nnet proceeds thereof and the Company's search for an initial business\ncombination. Forward-looking statements are statements that are not historical\nfacts. Such forward-looking statements are subject to risks and uncertainties,\nwhich could cause actual results to differ from the forward-looking\nstatements. The Company expressly disclaims any obligations or undertaking to\nrelease publicly any updates or revisions to any forward-looking statements\ncontained herein to reflect any change in the Company’s expectations with\nrespect thereto or any change in events, conditions or circumstances on which\nany statement is based. No assurance can be given that the net proceeds of the\noffering will be used as indicated. Forward-looking statements are subject to\nnumerous conditions, many of which are beyond the control of the Company,\nincluding those set forth in the Risk Factors section of the Registration\nStatement and related prospectus filed in connection with the IPO with the\nSEC. Copies are available on the SEC’s website, www.sec.gov.\n\nContact:\n\nForefront Tech Holdings Acquisition Corp\nSuite 210, 2nd Floor, Windward III, \nRegatta Office Park, PO Box 500\nGrand Cayman, Cayman Islands, KY1-1106\nTelephone: +1 (345) 769-4912"},"type":"article","timestamp":"2026-05-02T04:17:00.317063104Z","server_sent_at_ms":1777695420317},"received_at":"2026-05-02T04:17:00.368Z","source_url":null},"analysis":null,"durationMs":null,"modelName":null}}