FTHAU · Forefront Tech Holdings Acquisition Corp.

Summary

Forefront Tech Holdings Acquisition Corp is a blank check company incorporated in the Cayman Islands on November 3, 2025, formed to effect a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses, referred to as its initial business combination. The Company has not selected any specific target and has not initiated substantive discussions with any potential targets. It intends to focus on technology sector businesses, particularly blockchain-enabled artificial intelligence, digital trade identities, and robotics, with emphasis on Southeast Asia (ASEAN). The Company is conducting an initial public offering of 10,000,000 units at $10.00 per unit, each consisting of one Class A ordinary share and one-half of one redeemable warrant exercisable for one Class A ordinary share at $11.50. Proceeds of $100,000,000 (or $115,000,000 if underwriters' over-allotment option is exercised) will be placed in a U.S.-based trust account invested in U.S. government securities or money market funds. The Sponsor, Next Lion Sponsor Holdings LLC, will purchase 340,000 private units simultaneously at $10.00 per unit. The Company has 24 months from offering closing to complete a business combination, extendable by shareholder approval. Public shareholders have redemption rights upon business combination completion. As of December 31, 2025, the Company had no cash and a working capital deficit of $125,012, raising substantial doubt about its ability to continue as a going concern without the IPO proceeds.

Key takeaways

• Blank check company incorporated November 3, 2025 in Cayman Islands targeting technology sector (blockchain AI, digital trade identities, robotics) with ASEAN focus.
• IPO of 10,000,000 units at $10.00 each ($100M gross proceeds); underwriters' 45-day over-allotment option for 1,500,000 additional units.
• Sponsor Next Lion Sponsor Holdings LLC purchases 340,000 private units ($3.4M) simultaneously with IPO closing.
• Sponsor holds 3,833,333 Class B founder shares ($25,000 purchase price, ~$0.007/share), representing ~25% post-IPO ownership on fully diluted basis.
• 24-month completion window for initial business combination from IPO closing, extendable by shareholder approval.
• Public shareholders have redemption rights for pro rata trust account share (~$10.00/share) upon business combination or extension votes.
• As of December 31, 2025: no cash, working capital deficit $125,012; substantial doubt about going concern without IPO.