Appleby Advises Forefront Tech Holdings Acquisition Corp. in Its US$100 Million Initial Public Offering
Appleby is pleased to announce that it acted as Cayman Islands legal counsel to Forefront Tech Holdings Acquisition Corp (Forefront Tech Holdings), in connection to its initial public offering of 10,000,000 units at $10.00 per unit. The gross proceeds from the offering were $100 million before deducting underwriting discounts and estimated offering expenses. The units began trading on The Nasdaq Global Market tier of The Nasdaq Stock Market LLC (Nasdaq) under the ticker symbol “FTHAU” on April 30, 2026.
Each unit consists of one Class A ordinary share and one-half of one redeemable warrant. Each whole warrant entitles the holder to purchase one Class A ordinary share of the Forefront Tech Holdings at a price of $11.50 per share. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on Nasdaq under the symbols “FTHA” and “FTHAW”, respectively. Forefront Tech Holdings has granted the underwriters a 45-day option to purchase up to 1,500,000 additional units at the IPO price to cover over-allotments, if any.
The Appleby Capital Markets team was led by Partner Alexandra Low, with Associate Jared Awe and Paralegal Sophia Cunningham, and other members of the corporate team.
Appleby continues to play a key role in major IPO and public-market matters worldwide.
