Forefront Tech SPAC closes $100M IPO and $3.7M private placement on May 1, 2026

Forefront Tech Holdings Acquisition Corp

Gross IPO proceeds of $100M from 10M units at $10/unit; private placement adds $3.7M.
Trust account funded with $100.3M ($10.03/share) on May 1, 2026, from IPO and private placement.
Balance sheet shows $101.7M total assets; $1.23M working capital outside trust.
Sponsor Next Lion Sponsor Holdings LLC bought 355K private units; BTIG bought 15K private units.
Company has 18 months from IPO to complete initial business combination.

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