SPAC Forefront Tech Holdings Acquisition files for a $100 million IPO, targeting AI and robotics
April 30, 2026 News
SPAC Forefront Tech Holdings Acquisition prices $100 million IPO, targeting AI and robotics
Forefront Tech Holdings Acquisition, a blank check company targeting blockchain-enabled AI, digital trade identities, and robotics, raised $100 million by offering 10 million units at $10. Each unit consists of one share of common stock, and one-half of one warrant to purchase a share, exercisable at $11.50.
IPO Overview
Forefront Tech Holdings Acquisition, a blank check company targeting blockchain-enabled AI, digital trade identities, and robotics, filed on Thursday with the SEC to raise up to $100 million in an initial public offering.
The Grand Cayman, Cayman Islands-based company plans to raise $100 million by offering 10 million units at a price of $10. Each unit contains one share of common stock and one-half of one warrant exercisable at $11.50.
Forefront Tech Holdings Acquisition is led by CEO and Chairman Peter Bilitsch, who previously served as the CEO of Mobiv Acquisition, which merged with electric motorcycle producer SRIVARU Holding （Nasdaq: SVMH; -99% from $10 offer price）。 He is joined by CFO Muk Siew Peng, who previously served as a partner of the Financial Advisory Services team of Deloitte & Touche. The SPAC intends to target businesses in the technology sector, with an emphasis on blockchain-enabled artificial intelligence, digital trade identities and robotics.
The Grand Cayman, Cayman Islands-based company was founded in 2025 and plans to list on the Nasdaq under the symbol FTHAU. Forefront Tech Holdings Acquisition filed confidentially on December 12, 2025. BTIG is the sole bookrunner on the deal.
About the Company
We are a blank check company incorporated on November 3, 2025 as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any specific business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target. Although we currently intend to focus on target businesses in the technology sector （with an emphasis on blockchain-enabled artificial intelligence, digital trade identities and robotics）， we may pursue an acquisition opportunity in any business, industry, sector or geographical location. We intend to focus on businesses that complement our management team’s background, and to capitalize on the ability of our management team to identify and acquire a business. Our team has broad sector knowledge though their collective involvement across a variety of industries, as well as extensive global capital markets experience, with local and cross-border capabilities allowing access to different sectors of the capital markets.