Forefront Tech Holdings Acquisition Corp Announces Pricing of $100,000,000 Initial Public Offering

Q: What did Forefront Tech Holdings (FTHAU) price its IPO at and when will it trade?

The IPO was priced at $10.00 per unit for 10,000,000 units . According to the company, units begin trading on April 30, 2026 under the ticker FTHAU and may separate into shares and warrants thereafter.

Q: What does each Forefront Tech unit include and what is the warrant strike price for FTHAU?

Each unit includes one Class A ordinary share and one-half of a redeemable warrant . According to the company, whole warrants have an exercise price of $11.50 per share, subject to adjustments.

Q: When is the Forefront Tech IPO expected to close and are there any over-allotment options?

The offering is expected to close on May 1, 2026 , subject to closing conditions. According to the company, underwriters have a 45-day option to purchase up to 1,500,000 additional units .

Rhea-AI Impact

(Neutral)

Rhea-AI Sentiment

(Neutral)

Rhea-AI Summary

Forefront Tech Holdings Acquisition Corp (NASDAQ:FTHAU) priced a $100,000,000 initial public offering of 10,000,000 units at $10.00 per unit on April 29, 2026. Each unit contains one Class A ordinary share and one-half redeemable warrant; whole warrants have a $11.50 exercise price.

Units begin trading on April 30, 2026 under FTHAU; separated shares and warrants are expected as FTHA and FTHAW. The offering may close May 1, 2026, and includes a 45-day 1,500,000-unit over-allotment option.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Positive

IPO size: $100,000,000 via 10,000,000 units
Listing start date: April 30, 2026 on Nasdaq Global Market
Warrant terms: $11.50 exercise price per whole warrant
Underwriter support: BTIG, LLC sole book-running manager
Over-allotment: 1,500,000-unit 45-day option granted

Negative

Potential dilution from warrants exercisable at $11.50
Over-allotment option could increase units and dilution
Offering closing is subject to customary closing conditions

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04/29/2026 - 06:52 PM

Grand Cayman, Cayman Islands, April 29, 2026 (GLOBE NEWSWIRE) -- Forefront Tech Holdings Acquisition Corp (the “Company”) announced today the pricing of its initial public offering of 10,000,000 units at $10.00 per unit. The units will be listed on The Nasdaq Global Market tier of The Nasdaq Stock Market LLC (“Nasdaq”) and begin trading on April 30, 2026, under the ticker symbol “FTHAU.” Each unit consists of one Class A ordinary share and one-half of one redeemable warrant, each whole warrant entitling the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share, subject to certain adjustments. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Once the securities constituting the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on Nasdaq under the symbols “FTHA” and “FTHAW,” respectively. The offering is expected to close on May 1, 2026, subject to customary closing conditions. The Company has granted the underwriters a 45-day option to purchase up to an additional 1,500,000 units at the initial public offering price to cover over-allotments, if any.

BTIG, LLC is acting as sole book-running manager for the offering.

Winston & Strawn LLP is serving as legal counsel to the Company. Loeb & Loeb LLP is serving as legal counsel to BTIG, LLC.

A registration statement relating to the securities has been filed with the U.S. Securities and Exchange Commission (“SEC”) and became effective on April 29, 2026.The offering is being made only by means of a prospectus. When available, copies of the prospectus may be obtained from BTIG, LLC, Attention: 65 East 55th Street, New York, New York 10022, or by email at ProspectusDelivery@btig.com, or by accessing the SEC’s website, www.sec.gov.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Forefront Tech Holdings Acquisition Corp

The Company is a blank check company incorporated as an exempted company under the laws of the Cayman Islands, which will seek to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. While it may pursue an acquisition opportunity in any business, industry, sector or geographical location, it intends to focus on target businesses in the technology sector, with an emphasis on blockchain-enabled artificial intelligence, digital trade identities and robotics.

Forward-Looking Statements

This press release includes “forward-looking statements,” including with respect to the Company’s initial public offering (“IPO”) and search for an initial business combination. Forward-looking statements are statements that are not historical facts. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based. No assurance can be given that the offering discussed above will be completed on the terms described, or at all. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Registration Statement and related preliminary prospectus filed in connection with the IPO with the SEC. Copies are available on the SEC's website, www.sec.gov.

Contact:

Forefront Tech Holdings Acquisition Corp
Suite 210, 2nd Floor, Windward III,
Regatta Office Park, PO Box 500
Grand Cayman, Cayman Islands, KY1-1106
Telephone: +1 (345) 769-4912

FAQ

What did Forefront Tech Holdings (FTHAU) price its IPO at and when will it trade?

The IPO was priced at $10.00 per unit for 10,000,000 units. According to the company, units begin trading on April 30, 2026 under the ticker FTHAU and may separate into shares and warrants thereafter.

What does each Forefront Tech unit include and what is the warrant strike price for FTHAU?

Each unit includes one Class A ordinary share and one-half of a redeemable warrant. According to the company, whole warrants have an exercise price of $11.50 per share, subject to adjustments.

When is the Forefront Tech IPO expected to close and are there any over-allotment options?

The offering is expected to close on May 1, 2026, subject to closing conditions. According to the company, underwriters have a 45-day option to purchase up to 1,500,000 additional units.

Under what symbols will Forefront Tech’s securities trade after unit separation?

After separation, the Class A ordinary shares and warrants are expected to trade as FTHA and FTHAW, respectively. According to the company, units initially trade as FTHAU on Nasdaq.

Who is managing the Forefront Tech IPO and where can investors obtain the prospectus?

BTIG, LLC is the sole book-running manager for the offering. According to the company, the prospectus is available from BTIG by request or via the SEC’s website at www.sec.gov.