FTHAU · Forefront Tech Holdings Acquisition Corp.

Forefront Tech Holdings Acquisition Corp, a Cayman Islands blank check company targeting technology sector (blockchain-AI, digital trade, robotics), successfully closed its IPO on May 1, 2026, raising $100M gross from 10M units at $10 each. Units comprise one Class A ordinary share ($0.0001 par) and half redeemable warrant (full warrant exercises to one share at $11.50 post-Business Combination, expiring 5 years after). Concurrent private placements added 370K units: Sponsor (Next Lion Sponsor Holdings LLC) bought 355K for $3.55M; underwriter BTIG acquired 15K for $150K, both exempt under Section 4(a)(2), identical to public units except transfer restrictions. Total $103.7M proceeds deposited in U.S. trust with Odyssey Transfer, releasable only for Business Combination completion, certain redemptions, or taxes/dissolution (net of up to $100K expenses). Key agreements executed April 29 include underwriting with BTIG, warrant/trust with Odyssey, letter agreement (Sponsor/Insiders lock-up/voting), registration rights, private placement pacts, admin services ($10K/month max to Sponsor), and indemnities for directors Peter Bilitsch, Muk Siew Peng, Lee Chui Sum, Roderick Charles Stephan, Vittorio Furlan. Units trade as FTHAU; separates ~June 21 (52nd day). Over-allotment option for 1.5M units. Press releases announced pricing (April 29) and closing. Event establishes $103.7M trust for 24-month Business Combination search, positioning for tech-focused de-SPAC with standard Sponsor alignments and protections.