Forefront Tech (FTHA): Magnetar group reports 8.75% ownership stake in SPAC

Rhea-AI Filing Summary

Forefront Tech Holdings Acquisition Corp has a large shareholder group led by Magnetar entities reporting beneficial ownership of 875,000 Class A ordinary shares as of June 30, 2026. These shares are held across several Magnetar-managed funds, including Constellation Master Fund, Structured Credit Fund, Alpha Star Fund, Lake Credit Fund, Xing He Master Fund, Waterfront Series A Fund, and Capital Master Fund.

The Magnetar parties, including Magnetar Financial LLC, Magnetar Capital Partners LP, Supernova Management LLC, and David J. Snyderman, are deemed to control 8.75% of the 10,000,000 Shares outstanding, with shared voting and dispositive power over 875,000 shares and no sole voting or dispositive power.

Key Figures

Beneficially owned shares: 875,000 Shares Ownership percentage: 8.75% Shares outstanding: 10,000,000 Shares +3 more

6 metrics

Beneficially owned shares 875,000 Shares Class A ordinary shares beneficially owned as of June 30, 2026

Ownership percentage 8.75% Portion of total Class A shares outstanding as of June 30, 2026

Shares outstanding 10,000,000 Shares Total Class A shares outstanding based on Form 10-Q filed June 15, 2026

Constellation Master Fund holdings 210,000 Shares Shares of Forefront Tech held for Constellation Master Fund

Structured Credit Fund holdings 183,750 Shares Shares of Forefront Tech held for Magnetar Structured Credit Fund, LP

Alpha Star Fund holdings 157,500 Shares Shares of Forefront Tech held for Magnetar Alpha Star Fund LLC

Key Terms

beneficial owner, shared voting power, shared dispositive power, investment adviser, +2 more

6 terms

beneficial owner financial

"each of the Reporting Persons were deemed to be the beneficial owner constituting approximately 8.75%"

A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.

shared voting power financial

"Shared Voting Power 875,000.00"

Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.

shared dispositive power financial

"Shared Dispositive Power 875,000.00"

investment adviser financial

"Magnetar Financial serves as the investment adviser to the Magnetar Funds"

An investment adviser is a person or firm that professionally manages money and gives recommendations about buying, selling, or holding investments. Like a financial coach or guide, they have a legal duty to act in a client's best financial interest, so their advice, fees and potential conflicts can directly affect returns and risk — making their role important for investors who want informed, accountable help with portfolios.

Power of Attorney regulatory

"Power of Attorney, dated as of December 22, 2022 filed by the Reporting Persons"

A power of attorney is a legal document that allows one person to make decisions and act on behalf of another person, often in financial or legal matters. It’s like giving someone a trusted helper or agent the authority to handle important tasks if you are unable to do so yourself. This matters to investors because it can impact how their assets are managed or transferred if they become unable to oversee their affairs.

Rule 13d-3(d)(1)(i) regulatory

"calculated pursuant to Rule 13d-3(d)(1)(i) of the outstanding shares of the Issuer"

FAQ

What ownership stake in FTHA does Magnetar report on this Schedule 13G?

Magnetar-affiliated entities report beneficial ownership of 875,000 Class A shares of FTHA, representing 8.75% of the company’s 10,000,000 shares outstanding as of June 30, 2026, based on Forefront Tech’s Form 10-Q disclosure.

Which Magnetar entities are considered Reporting Persons for FTHA on this Schedule 13G?

The Reporting Persons for FTHA (symbol FTHA) are Magnetar Financial LLC, Magnetar Capital Partners LP, Supernova Management LLC, and David J. Snyderman, who is the administrative manager of Supernova Management and associated with the Magnetar fund complex.

How many FTHA shares do the Magnetar funds hold individually?

The 875,000 FTHA shares are split among Magnetar funds: 210,000 Constellation Master Fund, 183,750 Structured Credit Fund, 157,500 Alpha Star Fund, 148,750 Lake Credit Fund, 140,000 Xing He Master Fund, 26,250 Waterfront Series A Fund, and 8,750 Capital Master Fund.

What voting and dispositive power do the Magnetar entities have over FTHA shares?

The Magnetar Reporting Persons have shared voting power over 875,000 FTHA shares and shared dispositive power over 875,000 shares, with no sole voting or sole dispositive power reported for any of them as of June 30, 2026.

How was the 8.75% ownership in FTHA calculated for Magnetar?

The 8.75% ownership was calculated under Rule 13d-3(d)(1)(i) using 10,000,000 FTHA shares outstanding, as reported by the issuer in its Form 10-Q filed on June 15, 2026, and comparing that to Magnetar’s 875,000 shares.

Who signed the Schedule 13G for the Magnetar Reporting Persons related to FTHA?

The document was signed by Hayley Stein on August 13, 2026, acting as attorney-in-fact for David J. Snyderman, who serves as administrative manager of Supernova Management LLC, on behalf of the Magnetar Reporting Persons.

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Available on EDGAR 08/13/2026 - 06:15 AM Accepted by SEC EDGAR 08/13/2026 - 06:14 AM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

FOREFRONT TECH HOLDINGS ACQUISITION CORP

(Name of Issuer)

Class A ordinary shares, par value $0.0001

(Title of Class of Securities)

G3624C106

(CUSIP Number)

06/30/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): G3624C106

1

Names of Reporting Persons

MAGNETAR FINANCIAL LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 875,000.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 875,000.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

875,000.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

8.75 %

12

Type of Reporting Person (See Instructions)

IA, OO

SCHEDULE 13G

CUSIP Number(s): G3624C106

1

Names of Reporting Persons

MAGNETAR CAPITAL PARTNERS LP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 875,000.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 875,000.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

875,000.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

8.75 %

12

Type of Reporting Person (See Instructions)

HC, PN

SCHEDULE 13G

CUSIP Number(s): G3624C106

1

Names of Reporting Persons

SUPERNOVA MANAGEMENT LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 875,000.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 875,000.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

875,000.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

8.75 %

12

Type of Reporting Person (See Instructions)

HC, OO

SCHEDULE 13G

CUSIP Number(s): G3624C106

1

Names of Reporting Persons

DAVID J. SNYDERMAN

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 875,000.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 875,000.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

875,000.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

8.75 %

12

Type of Reporting Person (See Instructions)

HC, IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: FOREFRONT TECH HOLDINGS ACQUISITION CORP
(b)	Address of issuer's principal executive offices: Suite 210, 2nd Floor, Windward Iii, Regatta Office Park, Grand Cayman, E9 1106
Item 2.
(a)	Name of person filing: This statement is filed on behalf of each of the following person (collectively, the "Reporting Persons"): i) Magnetar Financial LLC ("Magnetar Financial"); ii) Magnetar Capital Partners LP ("Magnetar Capital Partners"); iii) Supernova Management LLC ("Supernova Management"); and iv) David J. Snyderman ("Mr. Snyderman"). This statement relates to the Shares (as defined herein) held for Magnetar Constellation Master Fund, Ltd ("Constellation Master Fund"), Magnetar Xing He Master Fund Ltd ("Xing He Master Fund"), Magnetar Capital Master Fund Ltd ("Capital Master Fund"), all Cayman Islands exempted companies; Magnetar Structured Credit Fund, LP ("Structured Credit Fund"), a Delaware limited partnership; Magnetar Alpha Star Fund LLC ("Alpha Star Fund"), Magnetar Lake Credit Fund LLC ("Lake Credit Fund"), Magnetar Waterfront Series A LLC ("Waterfront Series A Fund"), all Delaware limited liability companies; collectively (the "Magnetar Funds"). Magnetar Financial serves as the investment adviser to the Magnetar Funds, and as such, Magnetar Financial exercises voting and investment power over the Shares held for the Magnetar Funds' accounts. Magnetar Capital Partners serves as the sole member and parent holding company of Magnetar Financial. Supernova Management is the general partner of Magnetar Capital Partners. The administrative manager of Supernova Management is Mr. Snyderman.
(b)	Address or principal business office or, if none, residence: The address of the principal business office of each of Magnetar Financial, Magnetar Capital Partners, Supernova Management, and Mr. Snyderman is 1603 Orrington Avenue, 13th Floor, Evanston, Illinois 60201.
(c)	Citizenship: Place of Organization. i) Magnetar Financial is a Delaware limited liability company; ii) Magnetar Capital Partners is a Delaware limited partnership; iii) Supernova Management is a Delaware limited liability company; and iv) Mr. Snyderman is a citizen of the United States of America.
(d)	Title of class of securities: Class A ordinary shares, par value $0.0001
(e)	CUSIP Number(s): G3624C106
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: As of June 30, 2026, each of Magnetar Financial, Magnetar Capital Partners, Supernova Management and Mr. Snyderman held 875,000 Shares. The amount consists of (A) 210,000 Shares held for the account of Constellation Master Fund; (B) 183,750 Shares held for the account of Structured Credit Fund; (C) 157,500 Shares held for the account of Alpha Star Fund; (D) 148,750 Shares held for the account of Lake Credit Fund; (E) 140,000 Shares held for the account of Xing He Master Fund; (F) 26,250 Shares held for the account of Waterfront Series A Fund; and (G) 8,750 Shares held for the account of Capital Master Fund. The Shares held by the Magnetar Funds represent approximately 8.75% of the total number of Shares outstanding (calculated pursuant to Rule 13d-3(d)(1)(i)) of the outstanding shares of the Issuer).
(b)	Percent of class: As of June 30, 2026, each of the Reporting Persons were deemed to be the beneficial owner constituting approximately 8.75% of the total number of shares outstanding (based upon the information provided by the Issuer in the Form 10-Q filed on June 15, 2026 there were approximately 10,000,000 Shares outstanding).
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 875,000
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 875,000
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

MAGNETAR FINANCIAL LLC

Signature:	/s/ Hayley Stein
Name/Title:	Name: Hayley Stein, Title: Attorney-in-fact for David J. Snyderman, Administrative Manager of Supernova Management LLC
Date:	08/13/2026

MAGNETAR CAPITAL PARTNERS LP

Signature:	/s/ Hayley Stein
Name/Title:	Name: Hayley Stein, Title: Attorney-in-fact for David J. Snyderman, Administrative Manager of Supernova Management LLC
Date:	08/13/2026

SUPERNOVA MANAGEMENT LLC

Signature:	/s/ Hayley Stein
Name/Title:	Name: Hayley Stein, Title: Attorney-in-fact for David J. Snyderman, Administrative Manager of Supernova Management LLC
Date:	08/13/2026

DAVID J. SNYDERMAN

Signature:	/s/ Hayley Stein
Name/Title:	Name: Hayley Stein, Title: Attorney-in-fact for David J. Snyderman, Administrative Manager of Supernova Management LLC
Date:	08/13/2026

Comments accompanying signature: MAGNETAR FINANCIAL LLC By: Magnetar Capital Partners LP, its Sole Member By: Supernova Management LLC, its General Partner MAGNETAR CAPITAL PARTNERS LP By: Supernova Management LLC, its General Partner

Exhibit Information

99.1 Joint Filing Agreement, dated as of August 13, 2026, among the Reporting Persons. 99.2 Power of Attorney, dated as of December 22, 2022 filed by the Reporting Persons on August 13, 2026.