Forefront Tech Holdings Acquisition Corp, a Cayman Islands SPAC, reported its first period as a public company for the quarter ended June 30, 2026. Following its May 1, 2026 IPO of 10,000,000 units at $10.00, it placed $100,300,000 into a Trust Account.
Total assets were $102,139,364, including $100,860,408 of U.S. Treasury-based investments in the Trust Account and $1,042,341 of cash outside the Trust Account. The company recorded net income of $399,646 for the six-month period, driven by $560,408 of interest on Trust investments, partially offset by $239,662 of general and administrative expenses.
As of June 30, 2026, 10,000,000 Class A ordinary shares were classified as redeemable at $10.09 per share, and 3,333,333 Class B founder shares were outstanding after forfeiture tied to the expired over-allotment option. Management states it has sufficient liquidity, with working capital of $1,081,173, to operate while seeking a Business Combination within the defined completion window.
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.
AQR Capital Management, LLC, AQR Capital Management Holdings, LLC, and AQR Arbitrage, LLC report beneficial ownership of Forefront Tech Holdings Acquisition Corp Class A ordinary shares. The group holds 658,980 units representing 658,980 Class A ordinary shares, representing 6.59% of this share class.
The AQR entities report no sole voting or dispositive power over these securities. Instead, each reports shared voting power over 658,980 shares and shared dispositive power over 658,980 shares, reflecting coordinated control within the AQR structure. AQR Capital Management, LLC is a wholly owned subsidiary of AQR Capital Management Holdings, LLC, and AQR Arbitrage, LLC is deemed controlled by AQR Capital Management, LLC.
Adage Capital Management, L.P. and related parties report a 9.00% passive ownership stake in Forefront Tech Holdings Acquisition Corp (FTHA). The reporting group, which includes Adage Capital Management, L.P., Robert Atchinson, and Phillip Gross, collectively reports beneficial ownership of 900,000 Class A ordinary shares.
The stake corresponds to 9.00% of the Class A ordinary shares outstanding, based on 10,000,000 Class A ordinary shares outstanding as of June 12, 2026, as cited from the company’s quarterly report for the period ended March 31, 2026. Voting and dispositive powers over the 900,000 shares are reported on a shared basis, with no sole voting or dispositive power indicated for any of the reporting persons.
Forefront Tech Holdings Acquisition Corp, a Cayman Islands-based blank check company, announced that starting June 22, 2026, investors can separately trade the Class A ordinary shares and warrants that were previously bundled as units from its initial public offering.
Each unit consists of one Class A ordinary share and one-half of one redeemable warrant, with each whole warrant exercisable for one Class A ordinary share at $11.50 per share. After separation, units will continue trading on Nasdaq as FTHAU, while the Class A shares and whole warrants will trade under FTHA and FTHAW. Forefront Tech is a special-purpose acquisition company targeting technology businesses, including blockchain-enabled artificial intelligence, digital trade identities, robotics, and platforms serving Southeast Asia and its cross-border corridors.
Forefront Tech Holdings Acquisition Corp, a Cayman Islands-based SPAC, reported a net loss of $31,905 for the quarter ended March 31, 2026, driven by general and administrative expenses while it prepared for its initial public offering and searched for a merger target.
At March 31, 2026, the company had total assets of $283,129, no cash and a working capital deficit of $301,971, funded by a sponsor promissory note. Subsequent to quarter-end, it completed an IPO of 10,000,000 units at $10.00 each and a 370,000-unit private placement, placing $100,300,000 into a Trust Account to fund a future business combination within an 18‑month window.
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.